US news brings FTSE slump

Takeover speculation surrounding Foster's brewer Scottish & Newcastle and broadcaster ITV failed to stop the Footsie heading into reverse today.

US news brings FTSE slump
Fri, 27 Apr, 2007 - 18:33
1

Takeover speculation surrounding Foster's brewer Scottish & Newcastle and broadcaster ITV failed to stop the Footsie heading into reverse today.

The FTSE 100 Index lost 50.7 points to close at 6418.7 despite breaking through the 6,500 barrier in the previous session. The caution came after it emerged the US economy had slowed by more than expected.

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