Interest rate sensitive stocks were behind a fall in the FTSE this morning as minutes of the latest MPC meeting revealed policy makers voted five to four to keep rates unchanged.
Persimmon and British Land were among the fallers while Tesco led retailers lower. London Stock Exchange Plc also dropped after confirming it is in takeover talks with Borsa Italiana SpA. The FTSE 100 Index fell 36.7, or 0.6%, to 6612.6 while the FTSE All-Share was down 0.6%. Meanwhile, Asian stocks rose for a sixth day in the longest upward run in almost eight months. The rise was driven by a jump in computer-memory chip prices and the news Japan's export growth almost doubled in May. The Nikkei 225 added 0.2pc to 18,240.30, its highest level since May 2000. Benchmarks in Australia...
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