FTSE 100 weighed down by Aggreko

The leading share index slipped on Friday, weighed down by banks and miners.

Power supplier Aggreko fell back 7.38 per cent as it said this morning its full-year profits would be hit by unfavourable exchange rates and higher bad debt provision.

Housebuilder Redrow fell 7.14 per cent as its founder Steve Morgan dropped its bid for the developer.

Distribution group Bunzl fell 3.51 per cent this morning, after reporting underlying revenue growth in its third quarter had slowed to two per cent.

Iron ore producer Ferrexpo slid two per cent, as it announced yesterday that sales volumes increased, but market prices for iron ore fell.

Lloyds Banking Group and Barclays both appeared on the loser board, sliding 1.8 per cent and 1.77 per cent respectively. Barclays yesterday put aside an extra £700m in missold insurance provision.

HSBC also fell 0.37 per cent, while RBS slid 1.46 per cent.

Controls company Spectris topped the leader board this morning, adding nearly 10 per cent as it said sales from the last quarter increased 12 per cent.

Miner Bumi added 4.32 per cent in early trading.

Health group NMC Healthcare rose 3.23 per cent, while property development firm Helical Bar added 2.41 per cent. Fellow property groups Development Securities and Savills added 2.26 per cent and 1.99 per cent respectively.

In Asia, the Nikkei closed up 0.22 per cent, while in the US the Dow Jones closed 0.06 per cent.