The FTSE 100 has fallen 21.10 points, or 0.39%, to 5,439.8, as AstraZeneca led stocks lower after news it is taking legal action against a rival. Tate and Lyle did their best to rally the index with little effect.
Tate and Lyle did its best to rally the index with little effect. AstraZeneca, Britain's second-biggest drugmaker, slid 26p, or 1%, to 2,569p, as the company announced it is suing Teva Pharmaceutical Industries of Israel for patent infringement on it’s Seroquel treatment. Cable & Wireless, Britain's second-biggest phone company, added 1.25p, or 1.03%, to 122.25p, after reports said the company believes it is a ``certainty'' that private-equity funds are considering a takeover offer. Marks & Spencer, which yesterday announced a 63% jump in first-half profit, also gained 8p, or 1.84%...
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