News Column

FTSE 100 down 0.2 pct

June 6, 2014



LONDON, Sha'ban 7, 1435, Jun 5, 2014, SPA -- Britain's top shares drifted further away from multi-year highs on Thursday, with investors reluctant to place bets before a European Central Bank meeting, which is expected to yield fresh monetary easing, Reuters reported.



Medical technology company Smith & Nephew bucked the slightly weaker market, rising 4.2 percent in brisk trade on reports that U.S. medical device maker Medtronic is looking at a takeover of London-based Smith & Nephew. Smith & Nephew declined to comment.



Trading volume in Smith & Nephew was 1-1/2 times its 90-day daily average after only an hour's trade. Turnover on the broader FTSE 100 was just 7 percent of its average.



The index was down 16.48 points, or 0.2 percent, at 6,802.15 points by 0756 GMT, trading just over 1 percent shy of a peak hit last month of 6,894.88 - its highest level since December 1999, when it set a record peak of 6,950.60 points.

--SPA

12:57 LOCAL TIME 09:57 GMT



All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. (Syndigate.info).


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Source: Saudi Press Agency (Saudi Arabia)


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