FTSE suffers brewer's droop

Brewer Scottish & Newcastle is the biggest faller with a drop of 3.91% to 552.5p, despite announcing a series of cost cutting initiatives after it said the upcoming smoking ban would have a negative effect on sales. Meanwhile, Rexam has slipped 3.22% to 526.5p, closely followed by Land Securities Group which is down 2.05% to £22.47, while Cadbury Schweppes has fallen 1.73% to 566.5p. Intercontinental Hotels is also down 1.31% to £12.80, although losses are being limited by miner Kazakhmys which is up 1.24% to £11.40, while ICI has also advanced 1.69% to 482.25p. However, the biggest ...