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FTSE falls with Micro Focus and Dixons leading the fallers

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Leading shares are drifting as the week comes to a close, as investors paused for breath after the excitement of the Federal Reserve’s interest rate rise.

Micro Focus is leading the fallers, down 55p to £21.80 on profit taking following its well-received figures earlier in the week. UBS analysts cut their rating from buy to neutral and their target price from £24.20 to £23.50.

Meanwhile Dixons Carphone continued to decline after its cautious comments on the outlook on Thursday, down 8.3p to 337.6p.

Miners were also under pressure again as the dollar strength hit commodity prices. Antofagasta is down 11p at 672.5p while BHP Billiton has fallen 13p to £12.99.

Reckitt Benckiser has lost 87p to £65.88 after it received an increased fine from Australian authorities.

Overall the FTSE 100 has dipped 1.12 points to 6997.89.

Among the mid-caps, Rentokil Initial has jumped 85p to £65.90 after the company formed a joint venture to combine its workwear and hygiene units with those of Germany’s Haniel.

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Paul

The author Paul