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G4S slides as FTSE 100 tumbles

Security group G4S was the biggest faller on the FTSE 100 in early Wednesday trading despite reporting a 7.6% rise in first-half profit.The firm saw its shares slide 3.7% after chief executive Ashley Almanza said it would sell off more underperforming assets this year.Overall, the 100-share index was down 42.11 points or 0.56% at 7,500.62.Meanwhile, the pound rose 0.13% against the dollar to $1.3010 and was up 0.14% against the euro to 1.1070 euros.Among the top gainers was payment processing firm Worldpay, which added 0.6% after agreeing to merge with US rival Vantiv.Biggest winners were mining firms Randgold Resources and Fresnillo, which gained 1.7% and 1.4% respectively.On Tuesday, the FTSE 100 narrowly failed to hit a record closing high after a late rally stalled just short of the magic mark.
Source: BBC News

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My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

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