Wall Street

Soft earnings weigh on London’s FTSE 100 as IWG slumps 12 per cent

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City AM

By Jack Barnett Weak results from the UK’s largest companies amid the quieter summer period weighed on market sentiment in the City today. The capital’s premier FTSE 100 index squeezed out a small gain of 0.08 per cent to close at 7,488.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 1.02 per cent to below the 20,000 point threshold. A string of soft earnings published this morning dimmed investors’ appetite for risky assets. Fund manager Abrdn swung to a loss in the first six months of this year, driven by traders…

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