FTSE disappoints

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After a good start the FTSE has again disappointed today, losing 21.50 points to 5,003.70 points, led by the A shares in United Utilities.

United Utilities 'A' shares shed 10.50p to 329.50p, following its confirmation of the 165p price for new shares being issued under its rights issue plan. Additional shares of the firm lost 17.50p to 661.50p. National Grid Transco has also declined 16.25p to 534.50p. The energy firm plans to return cash to its shareholders. At the other end of the table, BT Group picked up 4p to 222p, along with Imperial Chemical Industries up 4.25p to 262.50p. Gas producer BOC group, has also advanced 14p to 1051p. In the US the Dow Jones has profited 44.70 points to 10527.77 points in its mornin...

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