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| Version 2 | Version 3 |
|---|---|
| FTSE and pound hit by weak manufacturing survey | FTSE and pound hit by weak manufacturing survey |
| (about 5 hours later) | |
| (Close): UK shares and the pound ended lower against the dollar after a closely-watched survey suggested the UK's manufacturing sector was not growing as quickly as hoped. | (Close): UK shares and the pound ended lower against the dollar after a closely-watched survey suggested the UK's manufacturing sector was not growing as quickly as hoped. |
| The latest purchasing managers' index (PMI) for manufacturing rose to 52 in May from 51.8 in April. | The latest purchasing managers' index (PMI) for manufacturing rose to 52 in May from 51.8 in April. |
| A figure above 50 indicates expansion, but the reading was weaker than hoped. | |
| The FTSE 100 index lost early gains to end down 30.86 at 6953.58, while the pound also fell. | The FTSE 100 index lost early gains to end down 30.86 at 6953.58, while the pound also fell. |
| Against the dollar it was 0.65% lower at $1.5191, and while sterling was up 0.06% against the euro at €1.3917 this was below the day's highs. | Against the dollar it was 0.65% lower at $1.5191, and while sterling was up 0.06% against the euro at €1.3917 this was below the day's highs. |
| On the stock market, shares in drug maker AstraZeneca closed lower after earlier gains, ending down 0.14% despite positive news on a lung cancer treatment. | On the stock market, shares in drug maker AstraZeneca closed lower after earlier gains, ending down 0.14% despite positive news on a lung cancer treatment. |
| Shares in Premier Oil were the biggest major loser, falling almost 4% after the price of oil fell 1% amid reports of high stocks. | Shares in Premier Oil were the biggest major loser, falling almost 4% after the price of oil fell 1% amid reports of high stocks. |
| Opec is meeting this week and is expected to maintain production levels. | Opec is meeting this week and is expected to maintain production levels. |
| Shares in Lloyds Banking Group rose 1% after the government said it had cut its stake in the bank to 19%. | Shares in Lloyds Banking Group rose 1% after the government said it had cut its stake in the bank to 19%. |
| The government also said it would extend its plan to sell off shares in the bank to the end of the year, and that it would launch a sale to retail investors within the next 12 months. | The government also said it would extend its plan to sell off shares in the bank to the end of the year, and that it would launch a sale to retail investors within the next 12 months. |
| In the FTSE 250, shares in semiconductor firm Imagination Technologies rose more than 6% on rumours that it could be a bid target. | In the FTSE 250, shares in semiconductor firm Imagination Technologies rose more than 6% on rumours that it could be a bid target. |