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| WPP and TalkTalk drag London stock market lower | |
| (34 minutes later) | |
| (Close): WPP was among the biggest fallers on the London market as investors digested the advertising giant's latest trading update. | (Close): WPP was among the biggest fallers on the London market as investors digested the advertising giant's latest trading update. |
| The FTSE 100 ended the day down 27.06 points or 0.42% at 6,417.02. | The FTSE 100 ended the day down 27.06 points or 0.42% at 6,417.02. |
| WPP shares dropped 2.2%, despite the company saying it was on track to hit its full-year targets. | WPP shares dropped 2.2%, despite the company saying it was on track to hit its full-year targets. |
| Like-for-like net sales grew by 3.3% in the third quarter, up from 2.3% in the first half of the year. Its full-year target is growth above 3%. | Like-for-like net sales grew by 3.3% in the third quarter, up from 2.3% in the first half of the year. Its full-year target is growth above 3%. |
| However, analysts said the results were slightly disappointing. | However, analysts said the results were slightly disappointing. |
| In the FTSE 250, shares in TalkTalk fell a further 12% as investors continued to shun the telecoms company in the wake of last week's cyber-attack. | In the FTSE 250, shares in TalkTalk fell a further 12% as investors continued to shun the telecoms company in the wake of last week's cyber-attack. |
| At the weekend, TalkTalk chief executive Dido Harding said the attack was "smaller" than originally thought, but customers' bank account and sort code details may have been accessed. | At the weekend, TalkTalk chief executive Dido Harding said the attack was "smaller" than originally thought, but customers' bank account and sort code details may have been accessed. |
| Shares in Aberdeen Asset Management rose 2.9% following a report in the Financial Times that the company could be up for sale. | Shares in Aberdeen Asset Management rose 2.9% following a report in the Financial Times that the company could be up for sale. |
| The FT said that Aberdeen's chief executive, Martin Gilbert, had begun to seek possible buyers of the business. | The FT said that Aberdeen's chief executive, Martin Gilbert, had begun to seek possible buyers of the business. |
| However, in a statement issued to the Reuters news agency, the company denied the reports. | However, in a statement issued to the Reuters news agency, the company denied the reports. |
| "In his 32 years running Aberdeen, Martin Gilbert has never approached anyone, formally or informally, about buying the business," the statement said. | "In his 32 years running Aberdeen, Martin Gilbert has never approached anyone, formally or informally, about buying the business," the statement said. |
| On the currency markets, the pound rose 0.3% against the dollar to $1.5361 and was barely moved against the euro at €1.3905. | On the currency markets, the pound rose 0.3% against the dollar to $1.5361 and was barely moved against the euro at €1.3905. |