FTSE falls as unemployment hits three-year record

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UK stocks fell today, despite an optimistic open this morning. The FTSE reacted to the highest ...

UK stocks fell today, despite an optimistic open this morning. The FTSE reacted to the highest unemployment hike in three years and a slump in factory orders in Germany, Europe's biggest economy, which raised concern about the outlook for earnings at companies like as Hays, Imperial Chemical Industries and Aviva. The Bank of England left interest rates unchanged at 4 %, indicating that a recovering in Britain is slowing. FTSE 100 fell 15.9 points, or 0.4%, to 4011. Aviva fell 9.5p, or 2.1%, to 454.5. It was a good day for tobacco companies. Shares for Gallaher, the maker...

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