Poor start for FTSE

Almost £2bn (€2.87bn) was wiped from the value of Sainsbury's today after the retailer said takeover talks with a Qatar-backed investment fund had ended.

Poor start for FTSE
Mon, 05 Nov, 2007 - 12:07

Almost £2bn (€2.87bn) was wiped from the value of Sainsbury's today after the retailer said takeover talks with a Qatar-backed investment fund had ended.

Shares in the firm sank more than 19% - or 105p - to 450p as investors bailed out after bid hopes were thwarted for the second time this year.

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