Wednesday, 18 July 2007

US subprime concerns hit FTSE; Imperial Tobacco up

(Reuters) - Britain's top share index fell for the third straight day, down 0.8 percent by midday on Wednesday, on concerns over the troubled U.S. subprime mortgage market and its impact on the broader economy.

At 1030 GMT, the FTSE 100 was down 53.4 points at 6,605.7, along with other European markets, but mergers and acquisitions offered some respite, boosting shares in Imperial Tobacco and Sainsbury.


Read more at Reuters Africa

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