Business

FTSE 100 dips as Rio Tinto sags

Market trader (file picture) Image copyright Getty Images

Investment group Old Mutual topped the London stock market in Wednesday trade, up by 2.8%.

Rio Tinto was among the fallers, down 2.8% after it updated the market on its performance. It said profits had almost doubled to $3.3bn for the six months to 30 June.

The benchmark FTSE 100 ended the day down 0.16% at 7,411.43.

In the FTSE 250, shares in William Hill bookmaker rose 6.1%, despite an 11% drop in first-half pre-tax profit.

The firm, which named a new chief executive and a finance chief in March, said profit before interest and tax for the 26 weeks to 27 June fell to £109m from £122m a year earlier.

Other big winners in the FTSE 100 included ITV, Paddy Power Betfair, Kingfisher and Babcock International.

Other big fallers included Standard Chartered, Rolls-Royce, Micro Focus International and BAE Systems.

On the currency markets, the pound was up 0.2% against the dollar at $1.3230 and 0.3% down against the euro at 1.1156 euros.