Rally comes to an end as heavyweights slip back

THE London market’s recent resurgence ground to a halt yesterday.

The FTSE 100 Index shed 112 points to end the day hanging on above the 4,000 barrier at 4006.9 as heavyweight stocks slipped back.

A swathe of heavyweights lost ground as investors cashed in on recent gains. The Footsie had climbed almost 10% since the start of the month but traders said the market needed a fresh impetus.