Business

FTSE 100 slides as traders return to work

City traders Image copyright Getty Images

London's leading shares closed down as the City settled back into work after the long Bank Holiday weekend.

The benchmark FTSE 100 index closed 64.03 points or 0.87% lower at 7337.43.

Broadcaster ITV led the downward trend, shedding 4.91%, while supermarket Morrisons fell 3.7%.

At the other end of the scale, mining stocks were buoyant. Randgold Resources was up 4.56%, while Fresnillo rose 2.59%.

Shares in troubled doorstep lender Provident Financial fell after a three-session winning streak, ending 1.04% down.

The firm had been on an upward trajectory, posting daily double-digit rises since its 66% plunge on Tuesday last week.

On the currency markets, the pound was up 0.04% against the dollar at $1.2938, but down 0.33% against the euro at 1.0759 euros.