FTSE 100 closes lower as GKN drags down index from record highs

From BBC - October 13, 2017

Shares in GKN weighed on the UK market after the engineering firm issued a profit warning.

GKN fell nearly 10% after it said full-year profits would be only slightly higher than last year.

It blamed "operational challenges" in its North American aerospace business and a 40m charge resulting from "two significant external claims".

GKN was the biggest faller on the FTSE 100, which closed down 20.80 points, or 0.28%, at 7,535.44.


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