FTSE down on retreating Johnson Matthey

Johnson Matthey has lost some of the stellar gains made yesterday as speculation concerning its stock dies down. The advanced materials technology company finished 87 points lower, or 4.73%, to 1753. Fashion retailer Next also struggled today, it fell 69 points, or 3.31%, to 2016; while Antofagasta dipped after a downgrade by Morgan Stanley – the mining giant closed the session on 829, a 24 point fall, or 2.81%. Northern Rock typified the seesaw day for the index, the volatile stock started lower but then recovered as its directors fronted the Treasury Select Committee. The lender led t...