London stocks extend losses on global economic gloom, WH Smith slides

Sept 6 - Britain's FTSE 100 edged lower on Wednesday as recent economic data from U.S. and Europe continued to dampen global sentiment, while WH Smith led midcaps lower as the retailer fell short of a recently raised profit forecast.

British construction firms suffered a sharp drop in orders in August, adding to concerns about a slowing economy amid rising interest rates, data showed.WH Smith tumbled 6.3% after the retailer fell short of a recently raised profit forecast, even as annual revenue jumped 28%.Cyber-security company Darktrace said changes to its sales commission would squeeze its earnings margin in the current year, sending shares down 2.5%.

Bridgepoint shares rose 8.2% after the alternative asset fund manager said it would buy Energy Capital Partners for an initial 835 million pounds , including debt.

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