FTSE stalls after eight day rally

FTSE stalls after eight day rally
FXStreet (Mumbai) – The London’s Ftse index is trading flat on Friday after having rallied for eight consecutive sessions. The halt in rally was mainly on account of losses in commodity shares and drug makers.

Marks & Spencer down 1.1%

Marks & Spencer Group Plc lost 1.1%after the clothing head John Dixon unexpectedly resigned from the retailer. Other index losers include names like Johnson Matthey, Taylor Wimpey, Barratt Development. Anglo American Plc and BHP Billiton Plc fell as a gauge of European miners posted a decline.

Meanwhile, gainers include Intertek group, ARM holdings, Hargreaves Lansdown. 888 Holdings Plc surged 6.7% after agreeing to buy online gaming company Bwin.party Digital Entertainment Plc for about USD 1.4 billion.

The FTSE 100 Index currently trades 0.30% to 6,787.70 The FTSE All-Share Index is down 0.1%.
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Source: FXStreet