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FTSE 100 slides as traders resume work FTSE 100 slides as traders return to work
(about 5 hours later)
London's leading shares tumbled in Tuesday morning trading as the City returned to work after the long Bank Holiday weekend. London's leading shares closed down as the City settled back into work after the long Bank Holiday weekend.
By lunchtime, the benchmark FTSE 100 index was down by 84.62 points or 1.14% at 7,316.84. The benchmark FTSE 100 index closed 64.03 points or 0.87% lower at 7337.43.
Supermarket Morrisons led the downward trend, shedding 3.1%, while broadcaster ITV fell 2.6%. Broadcaster ITV led the downward trend, shedding 4.91%, while supermarket Morrisons fell 3.7%.
At the other end of the scale, mining stocks were buoyant. Randgold Resources was up 3.6%, while Fresnillo rose 2.5%. At the other end of the scale, mining stocks were buoyant. Randgold Resources was up 4.56%, while Fresnillo rose 2.59%.
Shares in troubled doorstep lender Provident Financial looked set for losses after a three-session winning streak, falling 1.2%. Shares in troubled doorstep lender Provident Financial fell after a three-session winning streak, ending 1.04% down.
The firm had been on an upward trajectory, posting daily double-digit rises since its 66% plunge on Tuesday last week.The firm had been on an upward trajectory, posting daily double-digit rises since its 66% plunge on Tuesday last week.
On the currency markets, the pound was up 0.18% against the dollar at $1.2955, but down 0.32% against the euro at 1.0760 euros. On the currency markets, the pound was up 0.04% against the dollar at $1.2938, but down 0.33% against the euro at 1.0759 euros.