London’s equities markets were lower Wednesday.
The FTSE 100 dropped 1.72 percent to 6,250.6, while the FTSE 250 fell 1.26 percent to 11,194.9.
Cadbury Schweppes (LSE: CBRY; NYSE: CSG), with a decline of 8.23 percent to 569p, was the worst performer on the 100 after it
said that profitability was down in the first half due to higher dairy prices.
British Airways (LSE: BAY; NYSE: BAB) was down 2.89 percent to 386.25p after it was fined nearly £270 million for price fixing activities in relation to fuel surcharges.
Miners were substantially lower. Lonmin (LSE: LMI) fell 3.65 percent to £33.76, while Xstrata (LSE: XTA) was 3.88 percent lower to £30.74, BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) dropped 4.41 percent to £14.08 and Rio Tinto (LSE: RIO) was down 4.46 percent to £34.45.
There were gains on the day.
In the pharmaceuticals sector, Shire (LSE: SHP; NAS: SHPGY) added 1.56 percent to £12.37, while chemicals group Imperial Chemical Industries (LSE: ICI) gained 0.56 percent to 627.5p on reports that Dow Chemical (NYSE: DOW; TYO: 4850) is interested in making a bid to rival that of Akzo Nobel (Euronext: AKZ; NAS: AKZOY).
Over on the 250, construction group John Wood Group (LSE: WG.) was the best performer, adding 4.61 percent to 340.5p.
Meanwhile, business services provider Jardine Lloyd Thompson Group (LSE: JLT) was the biggest loser of the session as it dropped 11.48 percent to 374p.