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UK Market Update : 
BoE £50 B Plan, UK Stocks Fall
Author: 123jump.com Staff
123jump.com
Last Update: 1:46 PM EDT April 21 2008

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The Bank of England unveiled a plan to exchange £50 billion of high quality mortgage loans with UK Treasury bills for a period between one and three years. Private economists said that the plan may not be adequate. In London trading FTSE 100 stocks fell 0.06% to 6,053.00. ITV led the gainers in the index with a rise of 6% and Admiral Group of 4.5%. Hammerson led decliners in the index with a loss of 5% followed by 4% loss in British Air.

 
Homebuilders slumped after a report showed that house prices fell by 0.1% from March in April.

Home Retail Group slipped 2.47% and Lloyds TSB Group fell 2.37% as a result.
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