Business

Royal Mail helps FTSE to end lower



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FTSE 100 Index

Last Updated at 23 Feb 2018, 16:36 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7244.41 -
-7.98
-
-0.11

Top winner and loser

BT Group

244.05 p +
+11.70
+
+5.04

International Consolidated Airlines Group SA (CDI)

587.20 p -
-35.40
-
-5.69
value change %

FTSE 250 Index

19801.05 +
+64.99
+
+0.33

FTSE 350 Index

4039.88 -
-1.40
-
-0.03

FTSE All Share Index

3991.50 -
-0.90
-
-0.02

FTSE Techmark Index

4409.24 -
-44.73
-
-1.00

(Close): London's main share index remains lower at the close on Tuesday, led by Royal Mail.

Royal Mail shares were down 4.9% at 432.2p after the investment bank, JP Morgan cut its rating and price target on the company.

Overall, the FTSE 100 slipped by 8.03 points to 6829.12.

Shares in Marks and Spencer were the best among the 100 gainers, up by 5% to 498.7p.

Supermarket chain Morrisons had been the top performer, up 6% at one stage after January sales figures showed some improvement. That closed up 3.4%.

Retail analysts Kantar Worldpanel said Tesco saw its first increase in sales in since January last year, while sales at Morrison's fell by just 0.4% over the same period. Tesco shares were 3.6% higher.

On the currency markets, the pound was up 0.23% against the dollar at $1.523. Against the euro the pound was up 0.31% at €1.3478.