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11 January 2021 | 12:07pm
StockMarketWire.com - The FTSE 100 was firmly lower by lunchtime as investors paused for breath after the index enjoyed a heady first week of 2021, rising more than 6%.
By midday the FTSE was down 0.5% at 6,842.11, as concerns build over mounting Covid-19 infections and the possibility of even tighter restrictions.
Profits were also being taken in Bitcoin after an even more impressive start to the New Year. US futures pointed to modest losses on Wall Street too.
Shoe and sports apparel retailer JD Sports Fashion climbed 4.4% to 888.4p as it upgraded its profit outlook amid robust second-half demand, including during the key months of November and December.