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UK Market Update : 
London: W Morrison, Thomas Cook, BP
Author: Mayank Mehta
123jump.com
Last Update: 3:05 PM ET March 11 2010

(Continued)

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UK stocks edged lower but traded near two-year high. BP Plc agreed to acquire portfolio of energy blocks from Devon Energy Corp for $7 billion. J D Wetherspoon plc reinstates dividend. William Morrison Supermarkets issued cautious outlook.

 
FTSE 100 Index Movers

Of the stocks in the FTSE 100 index, 48 increased, 54 declined and none were unchanged.

Kazakhmys Plc decliners in the FTSE 100 index with a loss of 3.17% followed by losses in Fresnillo Plc of 2.88%, in Wm Morrison Supermarkets Plc of 2.79%, in Smith & Nephew Plc of 2.59%, and in Randgold Resources Ltd. of 2.53%.

Petrofac Limited led gainers in the FTSE 100 index with a rise of 3.36% followed by increase in Kingfisher Plc of 3.23%, in Thomas Cook Group Plc of 3.20%, in Standard Life Plc of 3.12%, and in BT Group Plc of 2.68%.




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