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London Markets: U.K. stocks head for January loss as Capita plunge rattles nerves

U.K. stocks struggled for direction on Wednesday, staying on course for a monthly loss, as investors remained nervous after a recent global equity selloff that left the FTSE 100 at a more-than-one-month low.

At the same time, a stronger pound was weighing on the main index’s many international companies.

Off the main benchmark, a 40% plunge in shares of outsourcer Capita PLC after a profit warning was rattling investors. The warning comes only weeks after its rival Carillion PLC said it was entering liquidation.

What are markets doing?

The FTSE 100 UKX, -0.11% was marginally lower at 7,585.28, after closing at its lowest level since Dec.

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