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WPP gains fail to lift FTSE 100 | WPP gains fail to lift FTSE 100 |
(about 3 hours later) | |
(Close): A strong performance from shares in advertising giant WPP failed to lift London's main share index. | |
The FTSE 100 closed 0.6% lower at 6,954. | |
Shares in clothing retailers were coming under pressure, with Next shares down 3% ahead of its trading statement later this week. | |
WPP was the biggest riser on the FTSE 100, up 4.3%, despite seeing UK sales growth slow, which it said could be "the first signs of Brexit anxiety". | |
However, revenues at the company were boosted by the weaker pound. | However, revenues at the company were boosted by the weaker pound. |
Overall sales for the July-to-September period went up 23.6% to £3.1bn. But when adjusted to take account of currency moves, the increase was just 7.8%. | Overall sales for the July-to-September period went up 23.6% to £3.1bn. But when adjusted to take account of currency moves, the increase was just 7.8%. |
Against the dollar, the pound edged 0.15% higher to $1.221, while it rose 0.4% against the euro to €1.1142. | |