The FTSE 100 Index has closed lower for a second straight trading day, losing about 16 points to 5214.20 and led by ITV.
The broadcasting firm has shed 4.25p or 3.4% to 121.5p today, after the Sunday Express reported it might offer £800m for the content business of Telewest Global. The Financial Times also reported US firms Time Warner, Goldman Sachs Group and Apax Partners Worldwide may not make an offer to purchase ITV on concerns about the size of its pension fund deficit. Retail Group Kingfisher closed 5.5p lower to 250.25p, along with recruitment firm Hays, down 2.75p to 128.25p. Papers report Kingfisher is to cut jobs on the back of a slowdown in the housing market, pressurising the sales of its hom...
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