In London, the FTSE 100 continues to perform badly and fell by 28.6 points, or 0.43%, to 6,567.4.
Home Retail group made the biggest gains, up 12 points, or 2.73%, to 451p, closely followed by Tesco, up 8.75 points, or 2.07%, to 430.75p. These gains were offset by some moderate losses from Enterprise Inns, down 18 points, or 2.6%, to 674p. Shares in Wolseley also fell, down by 28 points, or 2.2%, to £12.44. Early trading in Wall Street was down amid concerns that higher interest rates will cut into profits and reduce the number of takeovers, with the Dow Jones down 56.58, or 0.42%, to 13,489.26. Du Pont saw the biggest gains, with shares climbing 0.3, or 0.57%, to 52.55, and Hewlett-Packard followed this, up 0.24, or 0.53%, 45.74. McDonalds made further losses in early trading, down 0.94, or 1.84%, to 50.13, and General Motors saw shares slide by 0.58, or 1.61, to 35.38. If you would like to comment on this story, contact: John Bakie Tel: 020 7034 2682 e-mail: [email protected]