Wednesday, April 25, 2007

U.K.'s FTSE 100 Gains; Sainsbury Surges After $2.8 billion Block Trade

(Bloomberg) -- The U.K.'s FTSE 100 Index rose. Shares in J Sainsbury Plc, a U.K. supermarket chain, surged following a trade equaling more than 14 percent of the company's stock.

Northern Rock Plc, Britain's No. 7 bank, headed for its biggest drop since May after Deutsche Bank AG advised investors to sell the shares because of a deteriorating mortgage market.


Read more at Bloomberg Stocks News

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