London Market Report
- 16 July 2014
- From the section Business
(Close): Royal Mail was the biggest faller on the London stock market on Wednesday after it emerged that its French subsidiary, GLS, was facing an anti-trust inquiry.
Shares in the firm were down 1.88% on news of a competition inquiry which could result in a "material" fine.
Overall, the FTSE 100 index was up 74.22 points, or 1.11%, at 6,784.67.
Biggest riser was aerospace engineer Meggitt, up 9.57% on rumours of a possible takeover bid.