Third day of FTSE falls

MMO2 leads the drop with a 1.75p fall to 123.5p after announcing it wants to buy out smaller shareholders who are costing the company too much to administer. Some 63% of shareholders by number own less than 4% of the company’s stock. Morrison is down 2.5p to 201p, meaning the supermarket chain’s shares have shed some 16p since Friday’s close following admission this week that trading is tougher than expected. AstraZenica is down 19p to 1,914p as investors continued to fret about its drug development strategy. CSFB analysts say in a new note they are pessimistic of the pharmaceuticals ...