Grocers weigh down FTSE

Tesco fell 5.75p, or 1.81%, to 312.25p, with fellow food retailers Morrison and Sainsbury following Tesco shares lower. Morrison was down 3.25p, or 1.67%, to 191.75p, while Sainsbury fell 4.25p, or 1.37%, to 305p. Clothing chain Next dropped 35p, or 2.08%, to 1,649p on a downgrade to "hold" from Deutsche Bank, while BT declined 5.50p, or 2.55%, to 210.25p. Asian-focused bank Standard Chartered also lost 31p, or 2.21%, to 1,370p, giving back some of its recent gains on takeover speculation. In the US, the Dow Jones Industrial Average has fallen 52.18 points, or 0.5%, to 10,907.69 amid ...