FTSE 100 falls as investors remain wary

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FTSE 100 Index

Last Updated at 02 Oct 2014, 11:36 ET *Chart shows local time FTSE 100 intraday chart
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(Noon): UK shares continued their recent slide, with the FTSE 100 index down 15.12 points at 6,532.54.

Markets have been hit by concerns over the health of the global economy, and investors are also awaiting the outcome of the latest ECB meeting.

ECB president Mario Draghi is expected to set out details of the asset buying plan the bank announced last month.

However, there was a rebound in supermarket shares after the sector took a drubbing on Wednesday.

A downbeat trading update from Sainsbury's had triggered a sharp sell-off in supermarket stocks, but on Thursday Morrisons shares rose 1.6%, while Tesco and Sainsbury's climbed 1.5%.

Among individual shares, TUI Travel were flat after the travel firm said underlying full-year profits were on track to hit expectations.

Ted Baker shares were up 1.6% after the clothing brand reported a strong rise in first-half profits.

Pre-tax profits for the half year to 28 August rose by a third to £15.6m, with revenues up 17% to £182.2m.

Domino's Pizza climbed 1.7% after it delivered another strong set of trading figures. UK underlying sales rose 12.9% for the 13 weeks to 28 September, although Domino's noted that its progress in turning round its German business was "slower than we would have liked".

On the currency markets, the pound fell 0.23% against the dollar to $1.6148 and also dropped 0.35% against the euro to 1.2777 euros.

The oil price continued to fall, following news that Saudi Arabia state producer Saudi Aramco had cut prices.

Brent crude for November delivery fell $2.15 to $92.01 a barrel, while US crude dropped $2.00 to $88.73 a barrel - the lowest price for 18 months.

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