FTSE lower ahead of US jobs data

FTSE lower ahead of US jobs data

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FTSE 100 lower ahead of US jobs data

  • 7 August 2015
  • From the section Business

(Open): The UK market opened lower, with investors set to remain cautious ahead of the release of US jobs data.

The monthly non-farm payrolls figures are seen as an important indicator of the strength of the US economy, and could influence the timing of a US interest rate rise.

The US Federal Reserve head, Janet Yellen, has already said rates are likely to rise by the end of the year.

The FTSE 100 index fell 6.11 points to 6,740.98.

Shares in bookmaker William Hill fell 4.5% after it reported a 35% drop in half-year profits, after being hit by changes to betting taxes.

Among the small-cap firms, shares in UK Mail dived 13% after it issued a profit warning following problems with a move to a new parcel sorting facility.

The company said its full-year results would be “materially below current market expectations”, with underlying pre-tax profit now expected to be £10m-£12m.

On the currency markets, the pound fell 0.12% against the dollar to $1.5495 and dropped 0.26% against the euro to €1.4167.

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