The FTSE 100 index has ended the day down 18.4 points or 0.28% to 6,497.8, as the core measure of inflation increased to 3.1%, causing the Governor of the Bank of England to explain the rise in a letter to Gordon Brown.
Reed Elsevier posted the biggest gains with a rise of 1.62% to 626p, closely followed by Tesco which is up 1.32% to 461.75p, while International Power added 1.27% to 419.25p, and Hanson advanced 0.79% to 826.5p. Smiths Group also climbed 0.74% to £10.85, although gains were offset by property stocks as Hammerson declined 2% to £16.21, while British Land has slipped 1.94% to £15.20. However, Home Retail was the biggest loser with a fall of 2.97% to 441.5p, closely followed by DSG International which ended down 2.31% to 164.7p, while Bradford & Bingley slipped 2.07% to 461.5p. In the US...
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