Mergers fail to boost FTSE

Merger and acquisition activity failed to support the London market today as US sub-prime mortgage concerns again hit global markets.

Wed, 18 Jul, 2007 - 12:34

Merger and acquisition activity failed to support the London market today as US sub-prime mortgage concerns again hit global markets.

Sainsbury’s rose after it received its second takeover approach of the year, while Imperial Tobacco climbed after it announced a revised bid for Altadis.

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