Wednesday, July 18, 2007

FTSE down on US subprime woes; Sainsbury rises

(Reuters) - Britain's top share index fell 0.7 percent early on Wednesday on rising concerns over risky U.S. subprime mortgages, but Sainsbury rose after receiving a bid approach.

At 0735 GMT, the FTSE 100 was down 48.2 points, or 0.72 percent at 6,610.9, after slipping 0.6 percent in the previous session on concerns of higher UK interest rates. European shares also fell.


Read more at Reuters Africa

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