FTSE 100 poised for longest losing streak since 2011

 
Jessica Morris
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Miner Kaz Minerals bucked the trend (Source: Getty)

​Britain's top share index fell for the eighth straight session today, putting it on course to clock its longest losing streak since 2011.

The FTSE 100 was also down more than 10 per cent from its recent record high of 7,122.74 points hit in April - taking it into official correction territory,

Britain's FTSE 100 fell 0.21 per cent to 6,389.91 in late afternoon trade, and its lowest level since January.

Among top fallers in percentage terms were Mondi, British American Tobacco and Hammerson, all around two per cent lower as they went ex-dividend.

But struggling Kaz Minerals soared 19 per cent after Kazakhstan took steps to weaken its currency, the tenge.

This came despite it reporting earnings more than halved in the first half, and that it would not pay an interim dividend. Investors were encouraged by the fact Kaz has 45 per cent of its cost base denominated in the tenge.

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