This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-41634596

The article has changed 6 times. There is an RSS feed of changes available.

Version 2 Version 3
FTSE 100 closes down as Convatec slumps FTSE 100 flat as Merlin shares slump
(about 17 hours later)
Convatec was the stand-out faller on the FTSE 100, with the shares slumping 26.6% after the medical tech company cut its revenue growth forecast. Shares in Madame Tussauds owner Merlin Entertainments sank 20% after it said summer trading had been poor due to bad weather and terror attacks.
The company said it had been "severely" affected by supply issues. The company, which also runs Legoland theme parks, said it now expected full-year like-for-like revenues to be unchanged from last year.
The FTSE 100 index closed 0.11% down at 7,526.97, with heavyweight miners helping to stem the losses. Glencore rose 1.5% and BHP Billiton added 1.4%. It also forecast full-year earnings of £470m-£480m, compared with analysts' estimates of £490m.
On the currency markets, the pound was little changed on the dollar at $1.328, and rose 0.07% on the euro at €1.1249. The FTSE 100 share index fell 2.27 points to 7,524.70.
Another big FTSE 100 faller was engineering group GKN, down 3.4%. But there was better news from publisher Pearson, which saw its shares rise 5.6% after it said full-year operating profit was set to come at the top half of its predicted range.
Several brokerages cut their target price on the stock after GKN warned its annual profit would fall short of expectations due to disappointing aerospace trading. The company has issued a string of profit warnings after being caught out by the shift from print to digital, but it said cost cuts and a pick up in eBook revenues were now helping.
On Friday, GKN shares fell by nearly 10% after it issued a profit warning. Pearson now expects operating profit to be between £576m and £606m this year, against a previous estimate of £546m-£606m.
Outside the top flight, Sirius Minerals, up 6.3%, was the main riser on the FTSE 250, which finished the day down 0.21% at 20,217 points. On the currency markets, the pound rose 0.1% against the dollar to $1.3268 and was 0.35% higher against the euro at €1.1273.
Brown (N) Group fell 8.5%, while Capita finished 4.4% lower.