Market Report: Worries over curbs on gaming machines fuelled Ladbrokes' losses

Fears that Ladbrokes could be forced to shutter loss-making bookies sent the betting group tumbling nearly 5 per cent.

JPMorgan Cazenove's analysts gave their take on the Government's comments on the restricting of gaming machines. JP's experts warned Ladbrokes is at "significant risk" and cautioned if "even modest restrictions were imposed on the machines" Ladbrokes' "bottom 20 per cent of shops could become made loss-making". Investors took their bets off the table and Ladbrokes lost 8.1p to 158.6p.

The benchmark index edged closer to an eight-month high during the day but dipped back into the red before the close.

David Madden, a market analyst at spreadbetter IG, said: "Minerals extractors tried their best to pull the market down as metal prices took a dive."

The FTSE 100 slipped 2.47 points to 6,834.26.

One of the top risers was quality checker Intertek after Swiss testing and inspection firm SGS raised its dividend and growth forecast. Intertek collected 92p to 3,000p.

Analysts at HSBC issued a report on the commercial property sector and said the "resurgent UK economy is on the cusp of spurring rental growth and leading UK commercial real estate into phase three of its recovery – a phase of prolonged and sustainable capital value growth".

Blue-chip property group British Land picked up 11p to 672.5p, Land Securities advanced 11p to 1,045p and Hammerson was 5.5p higher at 525p.

Confirmation that engineers Melrose Industries and IMI are returning around £1.2bn to shareholders helped Melrose ahead 2p to 313.7p but IMI fell 13p to 1,538p.

On the mid-tier table miner African Barrick Gold said it had exceeded 2013 gold production guidance and was 5.9p brighter at 206.5p.

Petra Diamonds said it had dug up a 29.6-carat blue diamond from South Africa's Cullinan mine and it sparkled 2.5p better at 125p.

Interactive whiteboard maker Promethean said it expects its 2013 results to be ahead of expectations. The shares jumped 4.125p to 29p, still way below its 200p 2010 float price.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Content Writer - Global Financial Services

£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...

Recruitment Genius: Web Developer - PHP

£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...

Recruitment Genius: Field Sales Consultant - Financial Services - OTE £65,000

£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Loan Underwriter

£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...

Day In a Page

The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory
Ashes 2015: Alastair Cook not the only one to be caught in The Oval mindwarp

Cook not the only one to be caught in The Oval mindwarp

Aussie skipper Michael Clarke was lured into believing that what we witnessed at Edgbaston and Trent Bridge would continue in London, says Kevin Garside
Can Rafael Benitez get the best out of Gareth Bale at Real Madrid?

Can Benitez get the best out of Bale?

Back at the club he watched as a boy, the pressure is on Benitez to find a winning blend from Real's multiple talents. As La Liga begins, Pete Jenson asks if it will be enough to stop Barcelona
Athletics World Championships 2015: Beijing witnesses new stage in the Jessica Ennis-Hill and Katarina Johnson-Thompson heptathlon rivalry

Beijing witnesses new stage in the Jess and Kat rivalry

The last time the two British heptathletes competed, Ennis-Hill was on the way to Olympic gold and Johnson-Thompson was just a promising teenager. But a lot has happened in the following three years
Jeremy Corbyn: Joining a shrewd operator desperate for power as he visits the North East

Jeremy Corbyn interview: A shrewd operator desperate for power

His radical anti-austerity agenda has caught the imagination of the left and politically disaffected and set a staid Labour leadership election alight
Isis executes Palmyra antiquities chief: Defender of ancient city's past was killed for protecting its future

Isis executes Palmyra antiquities chief

Robert Fisk on the defender of the ancient city's past who was killed for protecting its future