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According to Bloomberg, the leading index on the British stock exchange decreased by 16.09 points to 6,040.34 at 13:38 GMT as UK stocks plummeted from a two-and-a-half year high.
Kesa Electricals, the third largest electronics retailer in Europe, had a particularly bad day as it shed 8.9 per cent to 137.4 pence.
This came after the company announced its profit before tax would be at the lower end of market expectations following a decrease in sales over the festive period.
The HMV Group also took a knock as it lowered by 8.6 per cent to 24 pence after it revealed credit insurers are reviewing how much cover they provide for the organisation.
What's more, yesterday saw the FTSE 100 index move up by one per cent for its first hike in four days.
Posted by Clive Arneil
