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London's FTSE index closes lower



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FTSE 100 Index

Last Updated at 21 Nov 2017, 16:21 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7411.34 +
+21.88
+
+0.30

Top winner and loser

easyJet

1343.00 p +
+65.00
+
+5.09

Babcock International Group

703.50 p -
-51.00
-
-6.76
value change %

FTSE 250 Index

19943.98 +
+72.69
+
+0.37

FTSE 350 Index

4121.97 +
+12.66
+
+0.31

FTSE All Share Index

4070.45 +
+12.40
+
+0.31

FTSE Techmark Index

4579.86 +
+22.06
+
+0.48
Trader in London Image copyright Getty Images

(Close): Shares in the FTSE 100 closed lower on Wednesday, having initially opened higher.

The FTSE 100 fell 0.49%, or 34.69 points, to 7,028.24, with supermarket chain Tesco the biggest faller.

Tesco's shares fell more than 5% after it reported its biggest ever loss.

The supermarket giant reported a statutory pre-tax loss of £6.4bn for the year to the end of February, with the boss Dave Lewis admitting it had been a "difficult year".

Shares in the engineering firm Rolls-Royce were the best performer on the FTSE, up more than 4%, after the company announced a new chief executive.

John Rishton, who has been at the company since 2011, will be replaced by Warren East, former head of the chipmaker Arm Holdings.

On the currency markets, the pound rose 0.64% against the dollar to $1.5021 and gained 0.75% against the euro to €1.4009.