FTSE 100 hits three-month low after latest Trump warning to North Korea

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The blue-chip index got a short-lived boost in the afternoon when Wall Street edged higher on opening after a three-day sell-off, but the FTSE 100 failed to hold on to gains. The FTSE 100’s dip might have been larger had it not been for sterling’s latest fall against the euro, with the pound slipping below €1.10.

A downgrade to “underperform” by Exane BNP Paribas left Dixons Carphone nursing the second worst fall on the midcap FTSE 250 index, down 19p to 246.7p after the analysts said they were concerned about the retailer’s mobile phone business in the long term.

On the wider market, publisher Johnston Press jumped 1.88p, or 14pc, to 15p on news that a Norwegian investor is preparing to offer a lifeline to the debt-laden group behind the i newspaper, as revealed in The Daily Telegraph yesterday.

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