The FTSE 100 began the week moderately lower. Old economy stocks dominated the losers board but bout...
The FTSE 100 began the week moderately lower. Old economy stocks dominated the losers board but bouts of bargain-hunting among new economy stocks offset losses to the UK's leading index. A poor finish on Wall Street on Friday dampened the mood. At morning trade the FTSE 100 was down 22.3 points to 5456.9. Leading the fallers was banking group Abbey National. Shares fell 35p to 1152p on concerns the Government will block Lloyds TSB's bid for its rival on competition grounds. A decision is expected tomorrow. Lloyds dropped 11p to 659p. Marks & Spencers wasn't faring too well...
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