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FTSE 100 falls back from record



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FTSE 100 Index

Last Updated at 24 Nov 2017, 16:21 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7409.64 -
-7.60
-
-0.10

Top winner and loser

Paddy Power Betfair

8810.00 p +
+275.00
+
+3.22

Persimmon

2556.00 p -
-95.00
-
-3.58
value change %

FTSE 250 Index

19944.79 -
-61.26
-
-0.31

FTSE 350 Index

4121.21 -
-5.67
-
-0.14

FTSE All Share Index

4070.20 -
-5.23
-
-0.13

FTSE Techmark Index

4599.62 -
-17.77
-
-0.38

(Close): After reaching an all-time high on Tuesday, the FTSE 100 index closed lower on Wednesday, down 14.25 - or 0.2% - at 6,935.38.

On Tuesday, the index closed at 6,949.63, beating the previous closing record of 6,930.2 set in December 1999.

But investors were more cautious on Wednesday despite reassuring words from the US Federal Reserve.

Shares in oil and gas services firm Weir Group were the biggest faller, dropping nearly 9%.

The company said the recent decline in oil prices would hit revenues in 2015.

In the FTSE 250, shares in oilfield services firm Petrofac rose by almost 9%, as investors were seemingly reassured by chief executive Ayman Asfari's insistence that the firm could withstand the oil downturn - and by the fact that the firm's order backlog was up 26% at the end of 2014.

AO World shares dived more than 30% after the retailer cut its full-year earnings forecast.

AO, which sells goods such as washing machines and fridges online, said it now expected to report adjusted core earnings of £16.5m, down from a previous forecast of £18.6m.

On the currency markets, the pound rose 0.29% against the dollar to $1.54980 and also climbed 0.15% against the euro to €1.3646.