Business

Shares plunge in Franco Manca owner

Franco Manca restaurant Image copyright Franco Manca

Shares in the owner of Franco Manca and The Real Greek restaurants have plunged.

Fulham Shore shares closed down 17.4% after it warned that profits would be lower than expected.

Shares in builders were among the big losers, despite strong results from Barratt and Berkeley Group.

Berkeley Group said it was in "excellent" shape, but warned of continued weakness in the London housing market.

Barratt remains cautious about next year, saying it only expected "modest" growth in house building activity.

Barratt shares were the biggest losers on the FTSE 100 with a 4.6% loss.

Overall, the FTSE 100 was down 18.79 points or 0.25% at 7,354.13.

Computer software firm Micro Focus International was the biggest winner, up 6.2% after reporting an improved profit margin.

On the currency markets, the pound was 0.28% higher against the dollar at $1.3068. Against the euro, it was up 0.07% at 1.0947 euros.