UK stocks fell for a second day in three amidst fears that the rally that lifted the benchmark FTSE ...
UK stocks fell for a second day in three amidst fears that the rally that lifted the benchmark FTSE 100 over the 4,000 mark may not be justified by the forecast for profit growth.
The benchmark FTSE 100 closed down with 72.20 points to 4,087.90.
Unilever dropped 52.5p to 505p after the world's largest maker of food and soap said cut its previous forecast for growth for sales of its 400 top brands.
Scottish & Newcastle fell 16p to 383p after Heineken announced that beer consumption had fallen because of the dollar's drop against the euro and rising pension costs.
SABMiller – also a brewer - shed 14p to 414.5p.
Bloomsbury Publishing advanced 10p to 890p.
EasyJet rose 13.5p to 224.25p after an analyst at Merrill Lynch & Co. raised his recommendation for the airline to "buy" from "neutral".
Intec Telecom jumped 4p to 29p after the software maker introduced a program that will help mobile-phone operators to calculate bills for different services.
Peterhouse Group gained 5p to 286p after announcing it was named favoured bidder for £250m worth of rail track improvements in Scotland and Northwest England.
Pharmagene rose 6p to 42.5p after an analyst at Nomura Securities raised the recommendation for the drugmaker to "buy" from "neutral" last week.
Trifast climbed 2.5p to 66p. The maker of industrial fastenings announced it turned a profit in the last year through March after cutting costs and reorganising.
Across the Atlantic, the Dow Jones was down 150.70 points to 9,050.05 by the close of London trading and the S&P 500 index was down 15.95 points to just under the 1,000 mark at 979.74.
And the Nasdaq was down 39.52 points to 1,605.20.
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