The FTSE 100 Index fell 36 points, or 0.6%, to 5,936 points today as index heavyweights tumbled and Wall Street traded little changed ahead of tonight's rate decision.
Standard Chartered slumped 2.76% to 1,482p after the Singapore Government last night snapped up a £2.3bn, or 12% stake, in the group. Temasek, Singapore’s state-owned investment company, refused to rule out a bid for the bank, but claimed yesterday it was a “very supportive and stable investor”. Legal and General fell 2.27% to 140p as Morgan Stanley kept 'equal-weight' on it with a price target of 151p from 131p, saying the positive margin development during the second half was a surprise. But Alliance & Leicester gained 0.94% to 1,179p amid renewed bid rumours about a possible takeov...
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