London's FTSE 100 falls below 7,000

Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

FTSE 100 Index

Last Updated at 16 Mar 2018, 16:36 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7164.14 +

Top winner and loser


1658.50 p +

Berkeley Group Holdings (The)

3713.00 p -
value change %

FTSE 250 Index

19804.90 -

FTSE 350 Index

4002.91 +

FTSE All Share Index

3957.08 +

FTSE Techmark Index

4456.32 -
Trader in London Image copyright Getty Images

(Close): London's main share index closed below 7,000 on Wednesday, dragged down by ARM Holdings and Barclays Bank.

The ongoing eurozone crisis also depressed the market as Greece faces another deadline next week to present its reform plans, which should unlock rescue funds.

The index has gained nearly 7% this year and hit a record intra-day high of 7,065.08 on Tuesday.

The biggest faller was the microchip developer ARM Holdings, which lost 6.1% following a downgrade for its US rival AMD.

ARM licenses chip designs for the likes of Apple, and its shares had gained more than 50% since October.

Shares in Barclays fell 2.5%, after it was downgraded by the broker Investec.

Travel operator UTUI rose 2.6%, after the company said it was confident of meeting its full-year profit target.

Balfour Beatty rose 5.5% in response to signs that the infrastructure and construction firm was tackling its problems.

Shares in Bellway gained 2.7% after the house builder posted a 53% increase in profit for the six months to January to £158.9m. It is constructing more homes to meet the robust demand in the property market.

On the currency markets, the pound was up 0.3% against the dollar at $1.4890. Against the euro it traded 0.1% lower at €1.3580.