Business

London Market Report

  • 25 July 2014
  • From the section Business

(Close): Shares in London closed lower on Friday, with the broadcaster BSkyB the biggest faller.

Shares in BSkyB fell 5.4% to 874.50p after it announced a deal to merge its German and Italian businesses to create Sky Europe.

On the upside, shares in RBS surged more than 10% to 364.20p. It released earnings early because they were stronger than the market anticipated.

The FTSE index closed down 29.91 points, or 0.44%, to 6,791.55.

Mark Priest, senior trader at ETX Capital said: "There's uncertainty out there in Ukraine and the market had a bit of an exit move."

The construction firms Balfour Beatty and Carillion also saw their shares surge - up 9% and 7% respectively - after they confirmed they had started merger talks.

On the currency markets, the pound dipped 0.09% against the dollar to $1.69710 while it rose 0.15% against the euro to 1.2636 euros.