As markets await an expected 25 basis points increase in core US interest rates later today the FTSE 100 index has slipped about 10 points to 4,501 on corporate newsflow.
United Utilities leads the losers with a 29.5p drop to 517.5p two days after the UK electricity regulator outlined plans to force utilities firms to drop prices and squeeze investments over the next five years. BOC is down 25.5p to 923.5p. Man Group is down 26p to 1,433p after UBS cut its target share price on the company. Gallaher is down 10p top 676p for similar reasons. AstraZenica is down 28p to 2,493p after another note from analysts, this time at Standard & Poor’s, warning of weaker sales of its anti-cholesterol drug Crestor. Shell is down 3.5p to 408.5p after spot oil ...
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