END-OF-DAY REPORT: Headline shares ended the session firmly lower, as shrinking manufacturing in China and the US hit basic resources prices and sent heavyweight miners and oil producers tumbling.
At the close of business, the FTSE100 was down 55.93 points at 5,566.36 with the FTSE250 off 78.15 points at 10,944.66 and the FTSE Smallcaps 14.93 points lower at 2,945.84.
US stocks moved lower in late morning trade following disappointing economic data including a slip in home sales and a fall in manufacturing activity.
Approaching the close in London, the Dow Jones Industrial Average was down 80 points at 12,744, the S&P500 fell 12 points at 1,344 and the Nasdaq Composite shed 32 points at 2,898.
A downbeat assessment of the US economy by the Fed and news of shrinking manufacturing in China set the tone for the day in London, with basic resources hit, sending the heavyweight miners and oil producers sharply lower. Better-than-expected UK retail sales data did little to lighten the load.
Anglo American was the worst blue chip performer, down 114p at 2,101p, following the decline base metals prices on demand concerns. Elsewhere, Vedanta Resources slipped 48p at 930p and Kazakhmys fell 31.5p at 724p.
Oil producers were also lower as crude prices dropped, with Shell down 28.5p at 2,211p, BP off 13.55p at 412.1p and BG Group 38p lower at 1,248p.
Commercial property was out of favour, with British Land 7p lower at 504.5p, Land Securities down 9.5p at 737p and mall owner Hammerson off 4.2p at 427.8p.
Banks gave up on a midday rally, with Royal Bank of Scotland falling 4.3p at 243.3p and Barclays off 3.45p at 202.3p. Lloyds ended flat at 31.2p.
WPP Group slipped 0.5p at 777p when Jefferies reiterated its underperform stance on the advertising giant, unimpressed by yesterday's acquisition of AKQA.
Other notable casualties included Imperial Tobacco, down 25p at 2,430p, oil industry service group AMEC, off 26p at 996p, and industrial pump maker Weir Group, 46p lower at 1,512p.
On the upside, pharmaceutical companies were a safe haven of choice, with AstraZeneca up 11p at 2,777.5p and GlaxoSmithKline ahead 8.5p at 1,472.5p.
Household products group Reckitt Benckiser topped the leaderboard, rallying 52p at 3,419p, while rival Unilever added 18p at 2,080p.
Business software group Sage coninued its strong run, adding a further 2.7p at 270.2p, helped by an upgrade from sell to hold at Societe Generale.
In the travel and leisure sector, airline group IAG climbed 1.96p at 160.1p, while midcap rival easyJet added 3.49p at 536p.
Staying with the midcaps, process control group Invensys tumbled 37p (14.4%) at 220p after confirming an end to bid talks with Emerson Electric.
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