FTSE CLOSE: London shares end the week in the red; Waterstones snaps up Foyles; BA tumbles after data breach; Greene King toasts World Cup success
The FTSE 100 index closed down 41.26 points, or 0.6 per cent, at 7,277.70.
Shares in British Airways owner IAG ended the day 1.3 per cent lower after it emerged that a data breach compromised the personal details of 380,000 customers, who now have just 15 days to cancel their credit cards.
Meanwhile, Greene King shares rose 7.5 per cent as it cheered a rise in sales, driven by the World Cup and the warmer weather. It said England football fans sank more than 3million pints during the key matches.
Bookstore Waterstones has agreed to buy Foyles, its iconic smaller rival, in a bid to fend off Amazon’s expansion. The deal, which is expected to be completed before the end of the year, puts an end to Foyles’ 115 years of family ownership.
In the US, strong employment figures lifted the dollar and dragged markets lower. And Tesla shares fell after two high profile resignations just hours after boss Elon Musk smoked a joint on a web show.