FTSE ends week down
The benchmark FTSE 100 ended this week down 17.30 points at 4,407.40 after UK stocks dropped for the fourth day in five.
Morrison, a grocery chain, fell 26.75p to 198.5p after it announced 2004 profit will miss forecasts because of dropping sales at its Safeway chain.
Friends Provident lost 6.5p to 139.25p. The life insurer announced earlier today it will buy control of London-based F&C Management Ltd. for £378m.
Jarvis, an engineering company, dropped 33p to 46p.
Legal & General Group rose 3.25p to 97.75p.
Arriva gained 6.5p to 405.5p. The bus and rail operator said business in the six months through June 30 met analysts' expectations.
HBOS shed 6.5p to 673.5p after the mortgage lender reported house prices in June grew at the slowest monthly pace since December last year.
Overseas, trading is currently down as the Dow Jones Industrial Average index so far has lost about 39 points to 10,295.
The S&P 500 index is down around 2.5 points to 1,126 and Nasdaq's Composite index has so far lost nearly 10.5 points to 2,005.
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