News of retail sales picking up in August increasing the likelihood of further interest rate rises has the FTSE 100 wobbling slightly although the index is currently up about 6 points to 4,554.
Amvescap leads the gainers, up 14.5p to 323p as investors buy back into the company following its agreement yesterday to pay a massive regulatory fine in the US and cutting its dividend. Hanson is up 13.25p to 401p after indications lawmakers in the US are moving closer to an agreement on asbestos-related claims hanging over a great number of ‘old economy’ manufacturers, including the UK brick maker. HBOS is up another 10p to 748p on its decision not to acquire Abbey. Antofagasta is down 12p to 1,043.5p after analysts at Morgan Stanley cut their recommendation on the copper miner t...
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