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British FTSE 100 closes lower on Tuesday

Xinhua, May 6, 2015 Adjust font size:

The FTSE 100 Index, Britain's benchmark stock market gauge, decreased by 0.84 percent, or 58.37 points, to 6,927.58 points.

Political uncertainty in Britain weighed on the London stock index ahead of Thursday's elections. Gloomy data from the country's construction industry also dragged the market down.

British construction purchasing managers' index (PMI) dropped to 54.2 in April 2015 from 57.8 in March 2015, recording the lowest reading over the past 22 months, said Markit Economics Tuesday.

Coca-Cola HBC AG's share price increased by 2.98 percent, topping the gainers of the blue chips. Following Coca-Cola, Fresnillo, Dixons Carphone, Royal Dutch Shell 'A' and Sage Group increased by 2.60 percent, 1.87 percent, 1.53 percent and 1.53 percent respectively.

International Consolidated Airlines Group SA led the top losers of the blue chips with a share price drop of 3.68 percent, followed by Imperial Tobacco Group (3.38 percent), Whitbread (3.26 percent), HSBC Holdings (3.16 percent) and Shire Plc (2.80 percent).

The index has gained 7.09 percent so far this year when measured in U.S. dollars. Endit