Aberdeen down 4% on Barclays downgrade

Fallers also included retailer Next

The FTSE 100 gave up early gains by midday today, as sharp falls for Aberdeen AM and retailer Next weighed on the blue-chip index.

On opening this morning, the FTSE 100 rebounded 1.1% following its worst New Year opening in 16 years yesterday, when it tumbled 2.4%. Global markets were hit after China suspended trading of shares on the Shanghai Composite index after it declined by more than 5%; ultimately closing down 7%. However, by midday today, the FTSE 100 index had fallen back and was flat for the session at 6,098 points. Aberdeen was among the biggest fallers, down 4.1% at 270p, after Barclays downgraded the stock to ‘underweight' from ‘equalweight', and cut the price target to 250p from 350p. Aberdeen...