FTSE 100 roundup: Today’s winners and losers

The FTSE 100 lost ground today, down 5.31 points at 7,032.70 just before markets closed after a turbulent start to the day when it lost as much as 0.8 per cent.

All week markets have been reacting to the political fallout from Brexit as the FTSE 100 wiped out gains made late last week.

Outside the FTSE 100, Debenhams rose 11.75 per cent today to 6.9p after a 17.82 per cent rise yesterday, a month after the high street retailer reported a £492m loss, the largest drop in its 240-year history, unveiling plans to close up to 50 stores.

Lonmin trimmed some of its recent losses with a 6.20 per cent rise to 42.50p. The platinum producer faced fears earlier this week that unions would block its proposed acquisition by Sibanye-Stillwater.

As it was taken off a list of the world’s most important banks, the Royal Bank of Scotland dropped 3.03 per cent to 217.40p.

Royal Mail faced more trouble as it was hit by a downgrade from Credit Suisse, lowering its target price to 301p from 339p. The share closed down 2.89 per cent to 316p.

Astrazeneca’s price target was also cut by JP Morgan and the Bank of Montreal as the company said cancer drug trials had not shown the results it had hoped for. The stock closed down 1.73 per cent to 6,208p.