FTSE 100 falls after weak Asian data

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(Close): The market fell as investors reacted to disappointing figures from Asia, while M&S shares were hit by news of online delivery delays.

The FTSE 100 index closed down 70.69 points at 6,672.15.

Marks and Spencer fell 2.7% after it emerged its online orders have been delayed in the run-up to Christmas.

Sainsbury's shares jumped at first after a report that an investment fund was in talks about taking a stake in the firm.

The Sunday Telegraph said the Crystal Amber fund was talking to several overseas investors about buying shares in the supermarket, and the move was part of a plan that could lead to a takeover bid being made.

Shares in Sainsbury's rose 1.8% in early trade. but by the end of the day they were 1.1% lower.

Shares in Intercontinental Hotels fell 1.5%. The firm said it had agreed to sell its Paris-Le Grand hotel for €330m (£260m).

Esure Group's shares dropped 3.6% after the company said it had agreed to buy the 50% of price comparison website GoCompare it does not already own for £95m.

On the currency markets, the pound rose 0.33% against the dollar to $1.5635 and climbed 0.2% against the euro to €1.2712.