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Barclays and Glencore hit FTSE | Barclays and Glencore hit FTSE |
(about 5 hours later) | |
(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. | 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. |