The market discounted the possibility of yet lower interest rates, paying more attention to gloomy comments from the Confederation of British Industry. British Airways was one Footsie constituent to ride out the caution, gaining 16p to 374.5p.
AFTER A three-day winning run Footsie lost ground, giving up 72.7 points to 5,940.3p. Even the mid cap index, in rampant form lately, suffered a modest setback. Trading was again heavy, with turnover reaching 1.1 billion shares.