The FTSE 100 started with a flurry of activity this morning but has continually slipped lower, currently down 39.8 points, or 0.65%, to 6038.9.
Northern Rock is expectedly leading the losses, after announcing the sale of approximately £465m of commercial secured loans to Lehman Commercial Mortgage Conduit late yesterday. The lender is currently 21 points lower, or 2.93%, to 695. A JP Morgan downgrade has caused DSG International to slide, down 4.2 points, or 2.58%, to 158.8. Kingfisher has also lost ground, 4.7 points lower, or 2.33%, to 196.8. A positive recommendation from Morgan Stanley has led to leisure group Whitbread posting the best results so far, currently up 11 points, or 0.755, to 1486. In New York, the Dow Jones ...
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