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Supermarket woes dent FTSE 100 | |
(about 5 hours later) | |
London's top share market slipped on Wednesday, following a poor performance by the supermarket sector. | |
Tesco was the biggest loser on the FTSE 100 index, diving 5.73% after its full-year profits fell because of legal costs arising from a fine for overstating its profits in 2014. | |
Rival Sainsbury's also came under strain, dropping 1.32%, while Morrisons suffered as well, shedding 1.07%. | |
By the end of the day, the FTSE 100 had lost 16.51 points or 0.22% to 7,348.99. | |
Miners also did badly with Rio Tinto, Anglo American, BHP Billiton and Glencore among the day's worst performers. | |
On the currency markets, the pound rose 0.05% against the dollar to $1.24980 and was 0.02% up against the euro at 1.17820 euros. |