Rolling live coverage of business, economics and financial markets as Cobham and Ultra agree deal and Meggitt pushes ahead with Parker Hannifin buyout
- Weak Chinese data set negative tone across Europe’s main stock markets
- FTSE 100 down 0.7%, but Ultra and Future ease decline on FTSE 250
- Bankers and advisors on Meggitt and Parker Hannifin to share £200m
The sell-off on the FTSE 100 has gathered a bit of pace: there are now only five companies whose shares have gained ground today.
The index itself has lost 1.2%, or 88 points, rolling back the gradual gains of the last week.
With concerns about the Chinese economy in the air, it is perhaps not surprising that oil prices have taken something of a tumble today.