The FTSE fell 0.28%, or 17.5 points, this morning to 6123.2p after building materials distributor Wolsley reported a 15% fall in quarterly pretax profits and said it would cut 3,000 jobs following the US housing market crisis.
BHP Billiton fell 2.77%, or 42 points, to 1476p while Anglo American fell 1.99%, or 56 points, to 2753p after metal and oil prices dropped. Compass Group rose 5.88%, or 17 points, to 306.25p after earnings exceeded expectations. Sage Group rose 5.32%, or 10.3 points, to 204p after reporting a 14% rise in full-year pretax profits. Barclays rose 2.96%, or 15.5 points, to 539.5p as it reassured investors it would not report any more bad news. In the US, the Dow Jones rose 1.69%, or 215 points, to 12958.44c as JP Morgan Chase rose 4.67%, or 1.89 points, to 42.35c. American Express ros...
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