The FTSE 100 index shed 22 points to 4,270.10 as traders positioned themselves ahead of tomorrow's F...
The FTSE 100 index shed 22 points to 4,270.10 as traders positioned themselves ahead of tomorrow's FTSE reshuffle, which will be based on today's closing prices, and as GlaxoSmithKline suffered a partidularly poor analyst's note.
GSK was down nearly 20p at one stage today before recovering to close down 5p at 1270p. A pharmaceutical sector analysts said the firm could lose half the sales of its best-selling anti-depressant to generic versions in the next couple of years.
BAE Systems closed down 7.25p at 125p as protesters gathered at Europe's biggest arms exhibition in London today.
BSkyB suffered a further drop of
21.5p to 640p as investors continued to take fright of price cuts announced to drive subscriptions.
BT jumped 6p to 190p after announcing that 80% of the UK's homes can now get broadband internet services.
Lloyds TSB managed a 7.75p rebound to 430.5p, despite news that the Office of Fair Trading is to investigate issuers of UK credit cards amid charges that GE Capital, the largest provider of store cards, is gouging customers.
The FTSE 250 index dropped 28.8 points to 5,710.2.
Colt Telecom slumped 6.25p or more than 6% to 96.25p.
Eurotunnel shed 4p to 66.25p, as investors locked into profits from a rising share price in recent days.
PZ Cussons, the maker of luxury soaps, jumped 82.5p, or nearly 10% to 935p after reporting a big increase in earnings and a rising dividend.
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