Cautious start for Footsie

A cautious start to trading on Monday left the FTSE 100 flat at midday, the index was a nominal 2 points lower at 5284. There was very little share price movement with around a third of those listed failing to move 1% or higher either way. Gains were capped at 3% by Granada, whose stock rose to 136p. Heading southwards were a handful of technology stocks, with profit taking the likely reason. Sage led the FTSE 100 losers with a moderate fall of 4% to 216p. Last Friday, Markets improved over on Wall Street although stronger gains were lost as a result of profit taking. U...