FTSE declines slightly as base rate stays at 3.5%

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The benchmark FTSE 100 only closed down 13.30 points today to 4,248.80 after the Bank of England's d...

The benchmark FTSE 100 only closed down 13.30 points today to 4,248.80 after the Bank of England's decision to keep interest rates unchanged at 3.5% led to a rather uneventful day on the UK stock markets. EMI Group, one of the music industry's major players, fell 14.75p to 156.75 on mounting concerns as analsysts fear Vivendi-owned Universal Music Group's plan to cut CD prices in the US will drive other music companies to follow suit. International Power lost 8.5p to 137.75p, however, the company believes it will meet full-year profit forecasts after first-half earnings fell...

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