FTSE 100 Live: ‘Expect inflation to fall sharply’; shares drop late in day again as FTSE closes at 7723

The lacklustre run for the FTSE 100 index is continuing amid uncertainty over whether the United States will avoid a debt default.

Companies reporting results today have included JD Sports Fashion, British Land and the Tesla backer Scottish Mortgage Investment Trust.

There’s also a rare stock market debut after Admiral Acquisition Group raised $550 million through a London listing.