SUZY in the CITY: MARKET MOVERS.
Byline: Suzy Jagger
FRIENDS Provident, the life assurer, jumped 7.5p to 133.5p after the group said that its third quarter sales were up seven per cent.
But overall the FTSE FTSE
A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times.
The FTSE is similar to Standard & Poor's in the United States. 100 closed down 14.9 to 4118.9 after a profit warning from European engineer ABB rocked shares in its rivals.
Shares in Invensys, the group formed out of the merger between BTR BTR Rupee (currency of Bhutan)
BTR Board of Technical Registration
BTR Born to Run (Bruce Springsteen song)
BTR Bureau of Tourism Research (Australia)
BTR Back To Reality and Siebe, fell 4p to 63p while FKN FKN Franklin, Virginia (airport code) dropped 4.5p to 66,5p.
Comments from US President George Bush that he believed Baghdad could be disarmed peacefully hit the price of oil companies.
A war between America and oil-rich Iraq would be expected to disrupt world fuel supplies and the shortage would help lift the price of oil.
BP fell 24.5p to 427.5p and Shell dropped 15.75p to 411.75p.
Shares in BSkyB jumped 27.5p to 625p after the telecoms watchdog Oftel said that it had rejected a complaint from ITV over unfair pricing.