UK benchmark the FTSE 100 is trading about 41 points down near 4,613 points despite a strong surge by Scottish & Newcastle.
Britain’s top brewer is up 9.75p to 392.75p. SAB Miller is up 6.50p to 763.50p helping put a gloss on the brewing sector. Prudential is down 27p to 395p after yesterday announcing it needs more money to develop for the future. A £1bn rights issue will provide what the failed attempt to sell internet bank Egg could not. Northern Rock has lost 14p to 732.50p. Rio Tinto, the mining company, is down 31p to 1,408p, even after posting "strong" third quarter results. The world's second-largest iron ore exporter said third-quarter production of the steelmaking raw material is up 6% after ...
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