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London share prices edged lower | |
(about 4 hours later) | |
Share prices in London fell back slightly on Tuesday with the FTSE 100 index closing 25 points lower at 7,275. | |
The biggest drop of the day was seen in the shares of the global bank HSBC, which ended 47p lower at 666p, a fall of nearly 7%. | |
The bank reported a 62% drop in profits and a smaller-than-expected plan to buy back $1bn worth of its shares from investors. | |
Capita was the biggest riser of the day, up 4% at 534p. | |
Shares in Rolls-Royce rose 3.5% to 733p, as investors continued to react to Goldman Sachs upgrading its rating on the shares to "buy". | |
On the currency markets, the pound ended the day barely changed against the US dollar at $1.247 but rose more than half of one percent against the euro to 1.182 euros. | |