FTSE slumps on US housing fears

Plumbing firm Wolseley is the biggest loser with a fall of 1.96% to £11.98, closely followed by Hanson which has slipped 1.8% to 789p, while supermarket chain Morrisons has declined 1.6% to 308p. Insurer Old Mutual has also fallen 1.67% to 161.5p, while 3I Group has dropped 1.55% to £11.11, although bid speculation is limiting losses as Unilever leads the advance with a rise of 2.63% to £15.23, following rumours it is a likely private equity target. Imperial Tobacco Group is also up 2.39% to £22.75, closely followed by Pearson which has gained 1.29% to 822p, while DSG International ha...