The FTSE 100 index closed down 18.54 points, 0.2%, at 9,870.68. The FTSE 250 ended down 35.05 points, 0.2%, at 22,314.50, ...

The FTSE 100 index closed down 18.54 points, 0.2%, at 9,870.68. The FTSE 250 ended down 35.05 points, 0.2%, at 22,314.50, while the AIM All-Share closed up 1.42 points, 0.2%, at 759.39.

Bill Ackman slams Ro Khanna for backing a California billionaire tax, saying the congressman "lost his way" on wealth policy.

Sometimes it makes sense to cut losses and invest in better opportunities.