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London Markets: FTSE 100 finishes down from record with Carillion collapse in focus

U.K. stocks closed lower Monday, as investors started the week with news of the collapse of construction and outsourcing heavyweight Carillion PLC, but the blue-chip benchmark kept near a record-high level.

How are markets moving?

The FTSE 100 index UKX, -0.12% fell 0.1% to end at 7,769.14 after Friday’s rise of 0.2% to an all-time closing high. The equity gauge last week marked a sixth straight weekly win, the longest win streak since January 2017.

The pound GBPUSD, +0.5391% on Monday traded at $1.3801, up from $1.3727 late Friday in New York.

What’s driving markets:

The subdued Monday mood was ushered in with news that Carillion CLLN, -28.95% will enter liquidation after crisis talks failed over the weekend.

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