Abbey National unsettled with disappointing figures and a 66 per cent rise in provisions. The shares were once down 108p; they closed 85p lower at 1,251p. Supermarkets were ruffled by price cutting, with J Sainsbury off 11.5p to 366.25p and Safeway 9.25p to 272.5p. Tesco, the price cutter, rose 1.5p to 175.5p.
Derek Pain, page 21