FTSE ends level as retailers revel

Energy giant BG Group fell 5.89% to 1231, following a £6.1bn takeover approach for Australian firm Origin Energy. Miners plunged for the second day in a row, with Vedanta Resources at the forefront of the losses, down 4.47% to 2245. Compatriot Kazakhmys was also lower, down 4% to 1582. Home Retail led the gains after it raised underlying annual profits by 15%; it climbed 8.75% to 264. A Citigroup to ‘buy’ from ‘hold’ led car insurer Admiral to a 6.15% gain, to 871. Cairn Energy also climbed, up 4.47% to 3134. In New York, US stocks are on the rise as investors expect the Federal R...