FTSE loses on weaker Man

Hedge fund firm Man Group has shed 54p or 3.4% to 1517p, after it said the recent weakness of the euro against the dollar reduced its assets under management. TV broadcaster ITV has also lost 3.25p to 126.75p, after analysts cut its revenue forecast and price target to account for lower than expected advertising revenue. The firm was also forced to shelve in excess of £1m of advertising during the coverage the recent London bomb attacks. The broadcaster also continues to be rumoured the target of a takeover bid from US firm Time Warner. Oil firm BP has also lost 14.5p to 619.5p, after...