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Shares on the backfoot

London shares fell on Wednesday, as investors speculated about deteriorating earnings and the precarious state of the US economy.

The FTSE 100 index of leading shares sank 0.10 percent to 4,634.32 points at the start of trading.

Sentiments were also hit as iconic retailer Marks & Spencer said it would axe 1,230 jobs as it struggled with an economic downturn.

AFP European Edition |