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Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole
The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart.
The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent.
Miners BHP, Rio Tinto and Anglo American were among the worst performers on the FTSE 100 as a tumbling iron ore market weighed on metal prices.
Paddy Power, Betfair and Fanduel owner Flutter Entertainment dropped 6.1 per cent after it cut its full-year guidance on unfavourable sports results in October and a temporary exit from the Netherlands.