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| Version 0 | Version 1 |
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| FTSE record breaking run stalls at open | FTSE record breaking run stalls at open |
| (35 minutes later) | |
| The FTSE 100's recent record-breaking run seemed to stall slightly on Wednesday morning. | The FTSE 100's recent record-breaking run seemed to stall slightly on Wednesday morning. |
| In early trade in London the benchmark index was down by 20 points, or 0.27%, at 7501.47. | In early trade in London the benchmark index was down by 20 points, or 0.27%, at 7501.47. |
| On Tuesday the FTSE had climbed above the 7,500 level for the first time, closing at 7,522.03 points. | On Tuesday the FTSE had climbed above the 7,500 level for the first time, closing at 7,522.03 points. |
| Against the US greenback the pound was worth $1.2915, compared with $1.2912 dollars at the previous close. But it slipped 0.24% against the euro. | Against the US greenback the pound was worth $1.2915, compared with $1.2912 dollars at the previous close. But it slipped 0.24% against the euro. |
| In general, a weaker pound lifts the FTSE 100 as many companies on the index have significant revenues from overseas. | In general, a weaker pound lifts the FTSE 100 as many companies on the index have significant revenues from overseas. |
| A weak pound means these revenues are worth more when converted back into sterling. | A weak pound means these revenues are worth more when converted back into sterling. |
| Shares in Lloyds Banking Group were up nearly 1% after the government confirmed it had shed its remaining 0.2% stake in the bank, thus returning it to the private sector. | |
| Other winners included Fresnillo, Hargreaves Lansdown, Kingfisher and Randgold Resources. | |
| Shares in British Land were down 1.2% despite it posting a 7.4% rise in full-year profit. | |
| Other fallers included Hikma Pharmaceuticals, EasyJet, SSE, and Ashtead Group. |