FTSE 100 slumps almost 2% by midday
- 8 February 2016
- From the section Business
(Noon): London's leading shares were lower at midday as a number of key company shares and other European markets fell.
The FTSE 100 was down 101.45 points at 5,746.61.
Miners continued higher, building on some impressive gains last week. Randgold was the best riser on the FTSE following strong results.
Engine maker Rolls-Royce was marked down 2.5% as traders speculated it was on the brink of cutting its dividend. It has issued a series of profit warnings in recent months and is due to release results on Friday.
Global advertising giant WPP was down 3.5% on fears about the outlook for worldwide advertising revenue as economic growth slows.
Chip maker Arm Holdings was down 5% after brokers stated their "neutral" view of the stock.
On the currency markets, the pound turned negative after modest gains earlier.