07/05/14 Market Movements

Market news
The FTSE100 closed down 2.12 points at 6,796.44  as falls in the shares of HSBC and Experian pulled down the index.

HSBC took the most points off the FTSE after recording a 20% percent drop in first-quarter  profits and confirming customer activity was muted in April. HSBC closed down 1.26% at 596.5p.

Experian was the worst-performing FTSE stock of the day, down 6.53% after Chief Executive Don Robert said growth in the first half of this year could be constrained due to the World Cup in Brazil, which will divert attention from the company’s consumer services, and changes to Experian’s North American consumer business.