London shares fall on rate hike worries; leadership in focus

The FTSE 100 and mid-cap FTSE 250 indices in London fell on Tuesday, tracking global market weakness due to interest rate hike concerns and uncertainty over Britain's next leader.

London's blue-chip FTSE 100 ended slightly lower, while the mid-cap index hit a more ‌than one-week low on Tuesday, tracking weakness in global markets as prospects of interest rate hikes dampened risk-taking, while investors remained keen on finding out who would be Britain's next leader.

The blue-chip FTSE 100 index closed 0.1% lower, briefly hitting its lowest ‌since June 12, while the midcap FTSE 250 fell 1.2% to its lowest since June 11.