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FTSE 100 falls back from record | FTSE 100 falls back from record |
(about 7 hours later) | |
(Close): After reaching an all-time high on Tuesday, the FTSE 100 index closed lower on Wednesday, down 14.25 - or 0.2% - at 6,935.38. | |
On Tuesday, the index closed at 6,949.63, beating the previous closing record of 6,930.2 set in December 1999. | |
But investors were more cautious on Wednesday despite reassuring words from the US Federal Reserve. | |
Shares in oil and gas services firm Weir Group were the biggest faller, dropping nearly 9%. | |
The company said the recent decline in oil prices would hit revenues in 2015. | |
In the FTSE 250, shares in oilfield services firm Petrofac rose by almost 9%, as investors were seemingly reassured by chief executive Ayman Asfari's insistence that the firm could withstand the oil downturn - and by the fact that the firm's order backlog was up 26% at the end of 2014. | |
AO World shares dived more than 30% after the retailer cut its full-year earnings forecast. | |
AO, which sells goods such as washing machines and fridges online, said it now expected to report adjusted core earnings of £16.5m, down from a previous forecast of £18.6m. | AO, which sells goods such as washing machines and fridges online, said it now expected to report adjusted core earnings of £16.5m, down from a previous forecast of £18.6m. |
On the currency markets, the pound rose 0.29% against the dollar to $1.54980 and also climbed 0.15% against the euro to €1.3646. | |