Pubs dry run pushes FTSE down

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Investors wondered whether anything was safe any more after mid-cap wonder JD Wetherspoon unveiled i...

Investors wondered whether anything was safe any more after mid-cap wonder JD Wetherspoon unveiled its first set of poor results ever, which pushed the pubs and brewing sector off a cliff and sank the FTSE 100 index by 16 points to 4,169.40. Six Continents, formerly Bass, dropped 25.5p to 564.5p to lead the losers brigade. Scottish & Newcastle dropped 2.5p to 455p and drinks producer Diageo lost 14.5p to 672.5p. Vodafone signalled anther expansion with news it is acquiring France Telecom's share in Greek operator Panafon. Added to acquisition news involving Dutch...

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