FTSE falls further on Morrison warning

The ailing firm has slipped 2.5p to 180.5p after issuing its fifth profit warning in less than 12 months, which today says 2005 profits will be between £50m and £150m, and between £225m and £275m as analysts had expected. Utilitiy company Severn Trent, meanwhile, has bagged 12p to 1021p, despite a 21% decline in second-half net income to £60.7m because of increased pension charges. UK bank Standard Chartered also advanced 10.5p to 1049p. The firm has opened its first retail branch in Japan. In Tokyo, the Nikkei 225 Stock Average index also fell 1.1% to 11,160.88, at its close early th...