Financials bring FTSE lower

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The FTSE 100 has ended the day down 72.1 points, or 1.16%, to 6,161.2, with financial stocks among the biggest losers.

SABMiller continued its decline from earlier today, ending the session down 4.41% to £10.85, as its South African arm lost a brewing contract with Heineken which could knock $80m off next year’s profits. However hedge fund manager Man Group fell 3.57% to 513.25p, closely followed by Barclays which declined 2.96% to 706p, while Wolseley dropped 3.94% to £12.44, and Persimmon slipped 2.78% to £13.64. Only four stocks ended the day higher, with Cadbury Schweppes leading the way with a rise of 10.46% to 602p, while Alliance Boots added 2.11% to £10.17, 3I Group advanced 0.26% to £11.37, and...

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