The benchmark FTSE 100 ended this week down 17.30 points at 4,407.40 after UK stocks dropped for the fourth day in five.
Morrison, a grocery chain, fell 26.75p to 198.5p after it announced 2004 profit will miss forecasts because of dropping sales at its Safeway chain. Friends Provident lost 6.5p to 139.25p. The life insurer announced earlier today it will buy control of London-based F&C Management Ltd. for £378m. Jarvis, an engineering company, dropped 33p to 46p. Legal & General Group rose 3.25p to 97.75p. Arriva gained 6.5p to 405.5p. The bus and rail operator said business in the six months through June 30 met analysts' expectations. HBOS shed 6.5p to 673.5p after the mortgage lender reporte...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
