FTSE 100 hit by Barclays and Glencore results

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FTSE 100 Index

Last Updated at 03 Mar 2015, 11:36 ET *Chart shows local time FTSE 100 intraday chart
value change %
6889.13 -

Top winner and loser

Tullow Oil

364.80 p +

Smith & Nephew

1131.00 p -
value change %

FTSE 250 Index

17146.02 -

FTSE 350 Index

3781.73 -

FTSE All Share Index

3714.45 -

FTSE Techmark Index

3758.11 -

(Close): After a bright start to the day the market lost momentum, with disappointing results from Barclays and Glencore weighing on the index.

The FTSE 100 closed down 51.51 points at 6,889.13 points after reaching a record intra-day high on Monday.

Barclays fell 3.2% after it posted a 21% fall in profits and set aside another £750m to cover fallout from a probe into currency manipulation.

Glencore shares fell 3.1% after the mining giant said net profit fell 7%.

The company also took a $1.1bn charge as a result of lower commodity prices.

Shares in Tullow Oil rebounded 2.1%, making it the top riser on the FTSE 100. The rise came after Tullow's shares dropped nearly 8% on Monday when they were hit by concerns that a boundary dispute between Ivory Coast and Ghana could delay one of its projects.

In the FTSE 250, shares in Pace jumped 8.1% after the set-top box maker forecast better-than-expected revenues of $2.75bn for 2015.

On the currency markets, the pound was up 0.1% against the dollar at $1.5382, but fell 0.03% against the euro at €1.3736.

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