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Reply #51: FTSE ends below 3-1/2 month highs, retailers fall [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 12:31 PM
Response to Reply #6
51. FTSE ends below 3-1/2 month highs, retailers fall

LONDON, Sept 5 (Reuters) - Britain's leading shares fell from 3-1/2 month highs to end slightly lower on Tuesday, with Tesco (TSCO.L: Quote, Profile, Research) leading retailers down and pharmaceutical stocks including GlaxoSmithkline (GSK.L: Quote, Profile, Research) slipping.

Miners such as BHP Billiton (BLT.L: Quote, Profile, Research) and Rio Tinto (RIO.L: Quote, Profile, Research) bucked the trend and extended recent gains after a rally in copper prices, while BP (BP.L: Quote, Profile, Research) also edged higher.

Some economists and strategists highlighted the possibility of higher interest rates as a survey showed a surge in input prices despite Britain's services sector growing more slowly than expected in August.

The FTSE 100 index (.FTSE: Quote, Profile, Research) closed 4.9 points, or 0.08 percent, lower at 5,981.7, paring gains after a two-day rally which pushed the index to its strongest level in 3-1/2 months in the previous session. On Monday, the FTSE was up 37.5 points, or 0.6 percent.

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