FTSE still suffering from Northern Rock troubles

Sage Group was the only company to make significant gains, with shares rising 5.75 points, or 2.36%, to 249p. Resolution added 5 points, or 0.78%, to 642p, followed by Reed Elsevier, up 3.5 points, or 0.58%, to 611.5p and SABMiller shares gained 1 point, or 0.08%, to £13.27. Northern Rock shares continued to fall and now sit at around a quarter of their value six months ago, down 120.5 points, or 27.51%, to 317.5p. Alliance & Leicester shares fell 71 points, or 8.13%, to 802p, while Hammerson lost 50 points, or 4.29%, to £11.16. On Wall Street, hopes of an interest rate cut from the F...