In London on Thursday, the FTSE 100 dropped 1.02 percent to 6,609.4 and the FTSE 250 was 1.1 percent lower to 11,411.6.

House builders and property developers and investors did poorly on both indices.

Investor and developer Brixton (LSE: BXTN) was down 4.42 percent to 345.75p, while Hammerson (LSE: HMSO) was 4.74 percent lower to £10.66.

Quintain Estates & Development (LSE: QED) dropped 4.87 percent to 673.5p and St. Modwen Properties (LSE: SMP) fell 4.9 percent to 480.75p.

Builder and developer Barratt Developments (LSE: BDEV) was down 5.12 percent to 658.5 while Taylor Wimpey (LSE: TW) dropped 5.15 percent to 253.25.

In addition, building materials group Wolseley (LSE: WOS) was 4.57 percent lower to 786p.

The biggest loser on the 100, however, was consumer electronics retailer DSG International (LSE: DSGI), which fell 8.75 percent to 124.1p after it reported that first half profits were hurt by poor sales.

Elsewhere in the retail sector, sporting goods retailer Sports Direct (LSE: SPD) dropped 5.11 percent to 148.5p.

Medical devices manufacturer Smith & Nephew (LSE: SN) turned in the best performance on the 100 with a gain of 2.67 percent to 615p.

Other gainers included beverage cans maker Rexam (LSE: REX), which was up 1.99 percent to 538p and pubs operator Mitchells & Butlers (LSE: MAB) with a gain of 1.58 percent to 641p.

Equities markets in London declined Wednesday as the FTSE 100 was 0.56 percent lower to 6,109.3 and the FTSE 250 dropped 0.99 percent to 10,889.3.

UK banks followed European banks lower.

HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) was down 2 percent to 883.5p, while Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) fell 2.2 percent to 561p after it said it won’t reduce its bid, in consortium with other banks, for ABN Amro (Euronext: AAB; NYSE: ABN) to reflect ABN’s lower value after a dividend payout.

Standard Chartered (LSE: STAN; SEHK: 2888) was 2.25 percent lower to £15.62, while Northern Rock (LSE: NRK) had the worst day on the 100 as it dropped 5.3 percent to 687.5p after it said it could miss its profits forecast.

Miners were lower as well after copper prices fell 1.2 percent in London to $7,329 per tonne.

BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was down 1.7 percent to £12.76, while Anglo American (LSE: AAL) was 1.9 percent lower to £27.25.

Housebuilders and property investors had a better day.

Persimmon (LSE: PSN) was the best performer on the 100 with a gain of 3.88 percent to £12.58, while Berkeley Group Holdings (LSE: BKG) topped the 250 as it added 4.67 percent to £16.14.

Bovis Homes (LSE: BVS) was up 4.07 percent to 805p, while Barratt Developments (LSE: BDEV) was 2.77 percent higher to 945p and Hammerson gained 2.14 percent to £12.40.

On the other hand, property investors Quintain Estates & Development (LSE: QED) had the worst day on the 250 as it dropped 9.62 percent to 817p.