Fears US won’t deliver hit FTSE
BRITAIN’S top shares retreated yesterday as optimism over a German constitutional court ruling in favour of the Eurozone’s new bailout fund faded, and investors focused on the possibility the US may not come up with eagerly anticipated stimulus.
The FTSE 100 ended down 10.11 points, or 0.2 per cent, at 5,782.08, having risen as high as 5,821.24 after the German court ruling, which boosted hopes the single currency bloc is finally putting in place tools to resolve its crisis.
Ex-dividend factors knocked 1 point off the FTSE 100 index with Admiral, Antofagasta, Capita, Hargreaves Lansdown and Land Securities all trading without their payout attractions. Europe’s biggest DIY chain, Kingfisher, rose 1 per cent after its first-half results.