Footsie gains marred by EMI tumble

Few real trends were apparent by the close of trade in the UK. EMI marred an otherwise reasonable performance from the FTSE 100 as the stock tumbled after a profit warning. The FTSE 100 finished the day up 49.5 points to 4663.4 with 59 gainers and 29 fallers. There was mixed news from the US, with data revealing that US consumer confidence fell to its lowest level for more than five and a half years. On the upside, this increases the likelihood of the Federal Reserve cutting interest rates for a ninth time this year when it meets next week. Leading the gainers was Daily Mail & G...