Friday, May 25, 2007

FTSE lower by midday on US rate worries

(Reuters) - Britain's benchmark share index fell on Friday, ahead of a long weekend break, amid a retreat in global stock markets on U.S. interest rate fears, and as heavyweight oil stocks weighed.

At 1130 GMT, the FTSE was down 0.12 percent at 6,556.9, having recovered from a low of 6,532.5 points earlier in the day as U.S. stocks looked to be driven higher by merger and acquisition activity.


Read more at Reuters Africa

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