FTSE down

Mortgage banks and retailers dragged the FTSE 100 Index back into negative territory today, bringing yesterday’s last minute rally to a close.

Wed, 05 Sep, 2007 - 12:18

Mortgage banks and retailers dragged the FTSE 100 Index back into negative territory today, bringing yesterday’s last minute rally to a close.

A downbeat broker note on the mortgage market’s prospects amid soaring wholesale lending costs saw Alliance & Leicester and Northern Rock tumble in morning trading.

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