London Market Report
- 8 August 2014
- From the section Business
(Close): The news that Barack Obama had authorised air strikes against Islamist militants in Iraq pushed shares lower.
The FTSE 100 closed 0.45% lower, down 30.01, at 6,567.36.
Markets had already been under pressure this week because of concerns over the situation in Ukraine.
In the FTSE 250, oil firm Afren fell 5.5% at first after it suspended output at its Barda Rash oilfield in Iraq, but then recovered to stand just 0.9% lower.
Tui Travel shares gained 0.08% after the tour operator reported a 21% increase in third-quarter profits.
Bellway Homes dropped 0.2%. The housebuilder said the number of housing completions had risen by 21% in the year to end-July to 6,851, with the average selling price up by about 10% to £213,000.