FTSE falls as Schroders sees downgrade

Sainsbury’s fell 6.04%, or 24.5 points, to 381p following reports it missed profit targets in the run up to Christmas. The health sector performed well this morning as GlaxoSmithKline rose 2.43%, or 31 points, to 1307p and Smith & Nephew rose 2.08%, or 12 points, to 589p. In the US, the Dow Jones fell 1.96%, or 256.54 points, to 12800.18c as no stocks made losses or gains. In Japan, the Nikkei fell 1.3% to 14,500.55 as Nintendo dropped 6.1% to 59,700. 17. Komatsu, a construction machinery manufacturer, fell 3.5% to 2,760. To comment on this story contact: Jennifer Bollen Reporte...