FTSE 100 endures slow day as markets await UK GDP data


The FTSE 100 spent the day trading sideways as low levels of corporate news and activity kept progress slow.

Traders appear to be holding their collective breath until the announcement of the UK’s second quarter GDP on Thursday. The topflight index finished the day down, albeit by just 7.5 points or 0.11 per cent at 6,623.17.

Pharmaceutical giant GlaxoSmithKline, which delivers its second quarter results on Wednesday, lost 1 per cent to 1,694p after it admitted some of its senior staff may have been involved in bribery in China.

Other fallers included luxury fashion retailer Burberry, off 2 per cent at 1,504p and Tate & Lyle, also 2 per cent lighter at 846p.

The miners however managed to maintain last week’s positive momentum.

Rangold Resources, aided by a positive note from broker Morgan Stanley, added 6 per cent to 4,777p, while Anglo American firmed 2 per cent to 1,405p and Fresnillo put on 3 per cent to 1,064p. BG Group, also reporting to the market this week added 1 per cent to 1,222.5p. Barclays was the highest riser among the banks, up 1 per cent to 324p.