FTSE 100 drifts lower as gold stocks rise
The FTSE 100 drifted lower on Thursday as investors weighed up fresh economic and corporate numbers.
After a brief recovery, the index finished 0.6% down at 7,388 with gold miners - an investors' favourite in uncertain times - the big risers.
Cautious minutes from the US Federal Reserve, plus mixed signals from UK retail figures unnerved investors.
Stronger UK retail sales in July - driven by food - were overshadowed by weak growth figures from Kingfisher, which owns DIY chain B&Q.
Kingfisher shares were the FTSE 100's worst performer, down more than 4%.
The FTSE 100's open was clouded by the Fed's concerns about inflation.
Outside the top flight, Hikma Pharmaceuticals fell 10% after a disappointing trading update.
Mecca Bingo operator Rank fell 6%. The firm reported that pre-tax profits in the 12 months to 30 June fell 7% to £79.7m, while revenue slipped slightly from £709m to £707m.