Wednesday, June 6, 2007

U.K. FTSE 100 Falls for Third Day, Led by Rio, Northern Rock, Kingfisher

(Bloomberg) -- U.K. stocks retreated for a third day,
paced by Rio Tinto Group and Anglo American Plc as copper prices
slipped in Asia. Northern Rock Plc fell after JPMorgan Chase & Co
lowered its recommendation on the bank's shares.

Kingfisher Plc dropped as Morgan Stanley sold $274 million
worth of the retailer's shares. GlaxoSmithKline Plc rallied after
a company-run study found the drugmaker's diabetes treatment
didn't increase the likelihood of death.


Read more at Bloomberg Stocks News

No comments: