Date: Wednesday 03 Sep 2008
LONDON (ShareCast) - It's tough day for Footsie with pub and leisure groups taking the brunt of the selling after Punch Taverns' gloomy statement this morning.
Close rival Enterprise Inns has taken a bashing on concerns it too may decide to review its dividend, while Whitbread has a pub division that is also likely to be under pressure.
Only four companies are in the blue at present. Tullow Oil is the best performer after it said an upgrade to potential oil reserves at its 50% owned Kingfisher-2 well in Uganda is likely.
FTSE 100 - Risers
Tullow Oil (TLW) 760.50p +1.33%
BP (BP.) 516.75p +1.03%
Lonmin (LMI) 3,440.00p +0.23%
BAE Systems (BA.) 483.50p +0.10%
FTSE 100 - Fallers
Enterprise Inns (ETI) 270.25p -12.04%
Whitbread (WTB) 1,094.00p -6.17%
Ferrexpo (FXPO) 235.75p -5.61%
Legal & General Group (LGEN) 98.90p -5.54%
Kazakhmys (KAZ) 1,119.00p -5.49%
Sainsbury (J) (SBRY) 352.00p -4.86%
Friends Provident (FP.) 97.20p -4.71%
Next (NXT) 1,080.00p -4.68%
London Stock Exchange Group (LSE) 773.00p -4.63%
Thomas Cook Group (TCG) 235.25p -4.56%