Tesco's woes drag down FTSE 100



Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

FTSE 100 Index

Last Updated at 23 Oct 2014, 11:36 ET *Chart shows local time FTSE 100 intraday chart
value change %
6419.15 +
+19.42
+
+0.30

Top winner and loser

International Consolidated Airlines Group SA (CDI)

384.00 p +
+12.80
+
+3.45

Tesco

171.00 p -
-12.00
-
-6.56
value change %

FTSE 250 Index

15135.99 -
-34.07
-
-0.22

FTSE 350 Index

3493.78 +
+7.73
+
+0.22

FTSE All Share Index

3432.71 +
+7.93
+
+0.23

FTSE Techmark Index

3126.36 +
+3.46
+
+0.11

(Close): London's benchmark FTSE 100 index recovered early losses to close up 18.46 points, or 0.3%, at 6,418.19.

British Airways owner IAG led the way, rising 3.4% after a Credit Suisse put out a positive analyst note.

Troubled supermarket Tesco provided the biggest story of the day, announcing chairman Sir Richard Broadbent would leave after the firm revealed a bigger-than-forecast hole in profits.

Tesco was the worst performer on the index, down 6.6%.

Tullow Oil, down 4.2%, and Unilever, 3.7% lower, also suffered.

Drugmaker GlaxoSmithKline enjoyed a second day of gains, up 2.5% after announcing better-than-expected profits on Wednesday.

On the currency markets, the pound was almost unchanged against the dollar at $1.6037 and dropped 0.2% against the euro to 1.2666 euros.

More Business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.