Amvescap mutual funds payout stilts FTSE

The FTSE 100 index closed down 7 points or 0.16% to 4,558.4, thanks largely to Amvescap after the firm agreed to $450m to US regulators after a year-long investigation into mutual fund trading. By close of business, Amvescap had lost 7.25p or 2.29% to 309p. At the other end of the scale, Dixons had a good day after reporting sales at the high street electrical retailer improved over the summer. Dixons closed up 1.5p or 0.94% to 161.75p. However, British Airways also closed down 7.25p or 3.07% to 228.75p after announcing plans to sell its 18% stake in rival airline Qantas. And Cadbu...