Monday, June 18, 2007

FTSE falls as inflationary fears offset ICI glee

(Reuters) - The UK's leading share index drifted 0.4 percent lower on Monday, buckling under concerns over the outlook for inflation, but as ICI surged after rejecting an approach from Dutch group Akzo Nobel NV.

Bucking the trend in a sliding market, ICI soared more than 15 percent, leading the index after rejecting a 7.2 billion pounds takeover proposal from chemicals group Akzo Nobel.


Read more at Reuters Africa

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