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US slowdown hits London shares

CityThur: Shares in London fell back after figures showed the slowdown in US economic growth in the third quarter was worse than expected.

GDP rose by an annualised 1.5%,  a considerable easing from the previous quarter’s 3.9%.

The Federal Reserve on Wednesday decided to keep interest rates unchanged, as expected, but kept the door open to an increase in December, downplaying global economic headwinds in its statement on the decision.

In company news, Barclays slipped back after reporting a drop in third-quarter pre-tax profit.

Aviva was higher after a broker reiterated its ‘buy’ rating on the insurer and the company reported a 25% increase in new business.

The FTSE100 fell back 58 points at 6,379.8.

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