This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-37948262

The article has changed 3 times. There is an RSS feed of changes available.

Version 1 Version 2
FTSE 100 slides as pound recovers FTSE 100 closes down as pound recovers
(about 4 hours later)
The UK's benchmark share index dropped 1% while the pound reached its highest level for five weeks. (Close) The FTSE 100 index ended the day down 1.4% to 6,730.43, dragged lower for the second session in a row.
By midday, the FTSE 100 index was down 70.84 points at 6,757.14, with shares in companies exposed to emerging markets suffering. Shares in companies exposed to emerging markets suffered, with Standard Chartered closing down 6.3% and packaging firm Mondi falling 4.7%.
Shares in Standard Chartered bank and packaging firm Mondi fell more than 5%. Donald Trump's US election victory has raised worries he could introduce protectionist trade policies.
Donald Trump's victory in the US election has raised worries he could introduce protectionist trade policies, hitting emerging markets. In the FTSE 250, SIG dived 21.8% as it warned on profits and said its chief executive had left the company.
In the FTSE 250, shares in building materials firm SIG dived 20% as it warned on profits and said its chief executive had left the company. The building materials firm said it had been affected by softer trading conditions in the UK since the Brexit vote and increased competition.
SIG said it had been affected by softer trading conditions in the UK since the Brexit vote and increased competition.
As a result it has lowered its forecast for full-year profits to between £75m and £80m.As a result it has lowered its forecast for full-year profits to between £75m and £80m.
SIG also announced that group chief executive Stuart Mitchell was leaving the company by "mutual agreement". SIG also announced that group chief executive Stuart Mitchell was leaving the company by "mutual agreement" with immediate effect.
Mr Mitchell has stepped down with immediate effect, and has been replaced by non-executive director Mel Ewell until a new full-time chief executive is appointed.
On the currency markets, the pound continued its recovery of the past few days, hitting its highest level against the pound since October's flash crash.On the currency markets, the pound continued its recovery of the past few days, hitting its highest level against the pound since October's flash crash.
Sterling rose 0.5% against the dollar to $1.2615 and was 0.7% higher against the euro at €1.1525. Sterling rose 0.3% against the dollar to $1.2593 and was 0.88% higher against the euro at €1.1621.
The pound's recovery has been put down to the news of Donald Trump's election victory, but slightly better-than-expected construction figures also helped sterling.The pound's recovery has been put down to the news of Donald Trump's election victory, but slightly better-than-expected construction figures also helped sterling.
While official figures showed construction output fell 1.1% in the third quarter, the sector's weakest performance for four years, output managed to rise 0.3% in September.While official figures showed construction output fell 1.1% in the third quarter, the sector's weakest performance for four years, output managed to rise 0.3% in September.