FTSE LIVE: Shares slide in London after US Federal Reserve hints at another rate hike

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FTSE LIVE: Shares slide in London after US Federal Reserve hints at another rate hike; SSE merger with rival Npower pushed off course by energy price cap; Online retailer AO World buys Mobile Phones Direct

Shares are on the slide in London after America’s Federal Reserve hinted another rate hike for the worlds’ biggest economy could happen before we hit Christmas.

In company news SSE’s merger with rival Npower looks set to be delayed as the firms weigh up the impact of a planned energy price cap, and online retailer AO World has struck a deal to buy Mobile Phones Direct.

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