The FTSE 100 index fell 11.90 points, or 0.2%, to 6,233 points today after continuing concerns about the sub-prime mortgage lenders sector caused a poor start on Wall Street.
J Sainsbury dropped 2.11% to £5.32 on reports KKR, which is backing Stefano Pessina’s offer for Alliance Boots, may have too much on its plate to pursue its interest in the supermarket chain. Marks & Spencer fell 1.74% to £6.79 and DSG International declined 3.70% to £1.69. Alliance Boots rose 7.15% to £9.96 in response to the deputy chairman's unprecedented £10 per share offer on Friday. ICI added 5.44% to £4.89 on the back of speculation Akzo Nobel may be mulling an offer. Anglo American gained 1.70% to £25.09 after Merrill Lynch added the group to its Europe 1 List. Rio Tinto adv...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
