The FTSE 100 index is down about 6 points to 4,459 today, the last day of the fiscal year, as about 70% of stocks registering losses overcame the gains by some of the index' biggest companies.
Gallaher is down 11.5p to 647p to lead the losers. Abbey has led the banking sector down dropping 6.5p to 444.5p. Centrica, operator of the biggest gas storage facility, is down 3p to 231p after last week boosting its storage prices even as competition to supply gas to the UK increased with Norway’s decision to build a pipeline to Europe’s biggest gas market. Royal Bank of Scotland is down 19p to 1,678p after Scotland’s first minister Jack McConnell urged financial institutions to stop sending jobs offshore. Sainsbury leads the gainers, up 5.5p to 270.5p on speculation buy-out s...
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