FTSE falls as Sainsbury bid fails

Miner Kazakhmys was the biggest loser with a fall of 3.77% to £11.74, closely followed by Wolseley which declined 2.35% to £12.44, while Carnival slipped 2.29% to £23.88, and Friends Provident fell 2.15% to 193.25p. Sainsbury also slipped 2.32% to 526p, as private equity firm CVC Capital Partners confirmed it had pulled it 582p per share bid for the supermarket, although Marks & Spencer rose 2.88% to 715p, as investors believe the focus could now switch to the retailer. Alliance Boots also climbed 1.45% to £10.50, closely followed by Scottish & Southern Energy which added 1.2% to £15.97,...