Wednesday, April 25, 2007

U.K.'s FTSE 100 Rallies; Sainsbury Surges After $2.8 Billion Block Trade

(Bloomberg) -- U.K. stocks rallied for the first time in three days. J Sainsbury Plc surged following a trade equaling more than 14 percent of the supermarket company's stock.

Northern Rock Plc, Britain's seventh-largest bank, headed for its biggest drop in almost a year after Deutsche Bank AG advised investors to sell the shares because of a deteriorating mortgage market.


Read more at Bloomberg Stocks News

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