Afternoon markets: FTSE 100 unperturbed by fresh S&P downgrade threats

The markets appeared unperturbed by today’s news that the European Financial Stability Facility (EFSF) has been given a downgrade warning by Standard & Poor’s, as the FTSE 100 was once again up by the end of the day, by 0.21%.

Building materials supplier Wolseley recorded the strongest performance of the day, finishing 3.6% higher at 1,972p a share.

Shares in Sage Group rose by 2.3% to 293.9p, Weir Group by 2.11% to 2,078p, Antofagasta by 2.08% to 1,228p and shares in Glaxoklinesmith rose by 2% to reach 1,427.5p.

Meggitt led the declines today as share prices fell 4.46% to 366.4p. Shares in Marks and Spencers fell by 4.29% to 314.9p, Admiral Group reported a 3.99% decline to 890.5p, Glencore by 3.48% to 410.15p and retailer Next lost 3.20% down to 2,575p.

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