FTSE 100 treads water as Frasers shares tumble after profit downgrade

London’s FTSE 100 was flat on Thursday, as gains for insurers helped offset a sharp drop in shares for retail giant Frasers (Kirsty O’Connor/PA) - (PA Archive)

London’s FTSE 100 was left treading water on Thursday as gains for insurers helped offset a sharp drop in shares for retail giant Frasers.

The blue-chip index lifted 13.57 points, or 0.16%, to close at 8,349.38 – with Hiscox, Admiral and Aviva among the day’s biggest risers.