Profit-taking pulls back FTSE

The London market retreated from Friday’s 28-month high today as investors indulged in some profit-taking.

Profit-taking pulls back FTSE

The London market retreated from Friday’s 28-month high today as investors indulged in some profit-taking.

By mid-morning, the FTSE 100 Index stood 12.3 points lower at 4727.5, losing some of the positive momentum seen on both sides of the Atlantic last week.

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