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FTSE 100 closes down ahead of Italian referendum | FTSE 100 closes down ahead of Italian referendum |
(about 1 hour later) | |
(Close): The UK stock market closed down but shares in Berkeley Group ended the day higher after the housebuilder reported rising profits. | (Close): The UK stock market closed down but shares in Berkeley Group ended the day higher after the housebuilder reported rising profits. |
The benchmark FTSE 100 share index was down 22.21 points or 0.33% at 6,730.72, with investors cautious ahead of Italy's referendum at the weekend. | The benchmark FTSE 100 share index was down 22.21 points or 0.33% at 6,730.72, with investors cautious ahead of Italy's referendum at the weekend. |
Rolls-Royce and BHP Billiton were among the biggest fallers. | |
In the FTSE 250, shares in Berkeley rose 8.45% after the housebuilder posted a 34% rise in half-year profits. | In the FTSE 250, shares in Berkeley rose 8.45% after the housebuilder posted a 34% rise in half-year profits. |
However, the company also said reservations were down 20% over the period, which it blamed on the higher stamp duty for buy-to-let landlords and uncertainty caused by the Brexit vote. | However, the company also said reservations were down 20% over the period, which it blamed on the higher stamp duty for buy-to-let landlords and uncertainty caused by the Brexit vote. |
The FTSE 250 itself closed 62.06 points or 0.35% lower at 17,435.28. | The FTSE 250 itself closed 62.06 points or 0.35% lower at 17,435.28. |
On the FTSE 100 engine-maker Rolls-Royce lost 3.08% following the announcement that it is to cut about 800 jobs worldwide amid plans to reduce costs in its marine business. | |
Mining company BHP Billiton was down by 2.61% off the back of a fall in the price of copper. | |
The biggest risers were Land Securities, up 2.18% and Randgold Resources up 2.10%. | The biggest risers were Land Securities, up 2.18% and Randgold Resources up 2.10%. |
On the currency markets, the pound rose 0.66% against the dollar to $1.2740, and was 0.6% higher against the euro at €1.1882. | |
After falling earlier, the price of Brent crude rose 0.4% to $54.14 a barrel, while US crude rose 0.6% to $51.36. | |