Mining and oil stocks have weighed on the FTSE 100 after copper prices fell and an International Energy Agency cut to oil demand forecasts hit Brent crude.
The UK blue-chip index fell 36 points, or 0.5%, to 7,378, with commodity stocks slumping to the bottom of the index. Miners in the red included:
- Glencore (GLEN) -3.4% at 342.6p;
- Anglo American (AAL) -2.6% at £14.18;
- Rio Tinto (RIO) -1.9% at £35.25;
- BHP Billiton (BLT) -1.8% at £13.63;
- Antofagasta (ANTO) -1.7% at 932.5p.
The price of Brent crude was down 1% at $61.58 a barrel after a heavy fall yesterday, and is now down around 5% since hitting 2015 highs last week.
On the FTSE 250, shares in TalkTalk (TALK) slumped 10% to 170.6p after the broadband company issued a profit warning and cut its interim dividend by more than 50%.
It was joined at the bottom of the index by Crest Nicholson (CRST), 7.2% lower at 481.18p, as the house builder flagged weakness in central London property prices.
Among 'small cap' stocks, Fenner (FENR) jumped 9.2% to 368p as the engineering rim posted a 595 jump in underlying profit.
Premier Foods (PFD) was up 7.5% at 39.3p after strong first-half results.