The FTSE 100 Index retreated 33.60 points to 4,822 points as a US consumer price increase topped analyst expectations, bringing back into debate the possible rise in interest rates.
Leading the drop Prudential declined 18p or 3.5% to 485p, after reporting new life and pension sales increased 11% in the first quarter. Results for its UK and Asian operations were however, below analyst’s projections. ITV fell 4.25p to 121.75p, as the stock traded without rights to its latest dividend, while Man Group, lost 37p to 12.82p. Supermarket chain, Tesco also shed 9p to 314.25p at the market's close. At the other end of the board, Intercontinental Hotels Group picked up 13.50p to 633p, with Cable & Wireless profiting 1.50p to 124.75p. In the US the Dow Jones Industrial Av...
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