FTSE 100 falls back from record
|London | Wall Street | Asia|
(Close): After reaching an all-time high on Tuesday, the FTSE 100 index closed lower on Wednesday, down 14.25 - or 0.2% - at 6,935.38.
On Tuesday, the index closed at 6,949.63, beating the previous closing record of 6,930.2 set in December 1999.
But investors were more cautious on Wednesday despite reassuring words from the US Federal Reserve.
Shares in oil and gas services firm Weir Group were the biggest faller, dropping nearly 9%.
The company said the recent decline in oil prices would hit revenues in 2015.
In the FTSE 250, shares in oilfield services firm Petrofac rose by almost 9%, as investors were seemingly reassured by chief executive Ayman Asfari's insistence that the firm could withstand the oil downturn - and by the fact that the firm's order backlog was up 26% at the end of 2014.
AO, which sells goods such as washing machines and fridges online, said it now expected to report adjusted core earnings of £16.5m, down from a previous forecast of £18.6m.