FTSE CLOSE: London shares end the day in the red


FTSE CLOSE: London stocks end the day in the red; SSE and NPower merger given the green light; Sterling holding its ground above $1.30 on Brexit hopes

The FTSE 100 closed 47.18 points, or 0.6 per cent lower at 7,516.03. 

The £3billion merger between SSE and NPower has been provisionally  given the go-ahead by the competition watchdog, paving the way for a new energy giant with 11.5 million customers.

Meanwhile, WHSmith has issued a reliably pedestrian trading update in which the retailer says it is on target to meet its full-year expectations following another strong performance at its travel division – stores in airports and train stations. 





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