Roubini tells Portugal to search the bailout as markets slide

The euro rose to approximately $1.33 on news of the agreement of the Ireland after negotiation to $1.3181 in Asian trading – its lowest level since September 21, fallen below $1.32 morning trade in Europe.

"The impact on the euro was stark," said Mitul Kotecha agricultural credit, with the single currency "failing to take its initial rally following the announcement.

Debt Portugal Spain and Ireland insurance costs continued to rise, while the cost of borrowing for the two Mediterranean countries also has stock augmenté.Marchés also fell across Europe with Ibex index the Spain more than 1pc.

"That really look is Spain, as fourth economy euro, greatest Greece, the Ireland area and Portugal put together, said Nicholas Smith, global Director of MF equity research in Tokyo.

"The question is whether it has the power of fire capital to rescue the Spain in way of the Greece and the Ireland.".

The Greece was the first recipient of a major EU - IMF rescue earlier this year.

European Union finance ministers seal agreement 85bn rescue € to end Ireland Sunday.

The Ireland paralyzed the banks have invested in an explosion of property who later had collapsed, will immediately receive €with but is subject to a "core strength", the Government stated in Dublin.

Whereas the Irish Prime Minister Brian Cowen insisted that he was "the best available deal" for the Ireland and its people, the Irish press comment was scathing.

"Sold on the swanny," the Irish Daily Mail, adding in an editorial in the heading: "we are without a safety net."

"They require emptying of the national bank, substantial money only we laissé.Nous we sold our birthright for a mess of soup right."

The Irish Government has agreed to contribute to. 5bn €17 loan facility will raid the national pension and other resources of national cash reserve fund.

The Irish Sun said agreement "phrases for generations of horrible debt" and 5 8pc sentenced average annual interest on loans as "fairly punitive."

"It is pure fantasy to think that the Irish people can afford to pay this Bill loi.Le taxpayer is currently dealing with pain, holders while bonds get off scot free .c ' is the scandal, pure scandal,"he said.""

Nevertheless, the agreement has been praised by international finance officials.

Governor of the Bank of France Christian Noyer stated that he had "no doubt" that the initiative could be successful, while IMF Chief Dominique Strauss-Kahn said that he has no doubt Ireland will meet his end of market.

United Kingdom, the Denmark and the Sweden, the yield countries provide bilateral loans totalling approximately €emissions.

In the framework of the agreement Ireland received an additional year, until 2015, to bring its deficit 32pc of domestic product 2010 gross return to 3pc allowed.

The Ireland coalition Government unveiled a four year plan last week marked reductions of 10 billion euros and the tax expense rises five billion euros, triggering protests mass at week's end.

Cowen said he expected Ireland pay average interest of 5.8% per annum on loans subject to market conditions.

"Without these loans the necessary tax increases and expenditure cuts would be much more severe, Cowen insisted.

EU Ministers also drew up rules for future rescues, under the terms of rigorous IMF, hitting private investors who purchase of government bonds.

They agreed that private sector to share the burden in the future go value after an existing euro area Emergency Fund of €440bn expires in 2013.

"Rules will be adapted for participation in case by case of creditors private, fully consistent with the policies of the IMF," said a statement.

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Slide in European markets for fear of stability Italy

Investors are worried that the Italy Finance Minister Giulio Tremonti is threatened by charges of corruption against a former Wizard

Benchmark of the Italy, the FTSE Mib, closed 3 5pc in that rushed political concerns in Rome threatens the financial stability of the country. CAC 40 Index the France also suffered, dropping 1. FP6 and the Germany DAX lost 0. 9pc. In Spain, the mountain goat fell 2. FP6, while PSI 20 of end Portugal 1. lowest 3pc.

The flight of the Italian government debt saw the yield or return, on its 10-year bonds touch 5 3pc, a euro-ère high.

Mike Riddell, a manager of M & G Fund, described the situation as a "bloodbath". "What is your point of view is or has been [the Italy finance], the reality is that these damned link militia took a view of the Italy, and which is basically all that into account,"he says. ".

Investors are worried that the Italy Finance Minister Giulio Tremonti is threatened by charges of corruption against a former Wizard and seems to have lost the support of Prime Minister Silvio Berlusconi. "It think that it is a genius and that everyone is stupid," said Mr Berlusconi yesterday.

It is feared that if Mr Tremonti was forced to Government it could derail the austerity measures he pushed through to shoot huge debt of the Italy, which rises to its GDP 120pc autour.

Who should leave the Italy in great danger to be sucked into the turmoil which swept the Greece and the Portugal, as doubts about their finances given the closure of the international debt markets.

Mario Draghi, top central banker of the Italy and the next President of the European Central Bank, have tried to provide comfort with a statement of support from the austerity of Rome as "credible".

However, markets were already unstable after the rating agency downgraded Moody debt of the Portugal to junk status earlier this week and disappointing U.S. post numbers did nothing to calm the nerves.

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European awards for the second day, unstable by the rise of China rates slide

FTSE 100 in London slipped 0 3pc 5688 investors anticipated Bank of England minutes which are expected to show a split of three tracks between rates of setters, using figures and review the global coalition of public expenditure.

DAX edged 0 lower 2pc and ACC Germany dropped France, 0 2pc.

Mirror falls on Asian markets, due to a strong decline in u.s. stocks during the night.

Export-oriented Japan was hardest hit with the Nikkei index Tokyo drying tumble 1. 65pc tp 9381 points.Australie the ASX slipped 0. 7pc and Hong Kong Hang Seng 0. 7pc.

Oil prices rose above $ 80 per barrel, after attempting to China to control inflation and a property bubble prospective he dragged more than 4pc Tuesday.

The dollar edged more after that Treasury Secretary Timothy Geithner is pulled out of a strong dollar fell against the yen, the euro and the pound sterling.

Buck the trend, with ABN Korea Southern progress 1pc and Shanghai Composite 0 6pc increasingly China markets.

"Announces China was a great surprise for the marché.Sentiment mitigated throughout Asia as investors worried that an increase in interest rates could pressure on the growth of China,"says Masatoshi Sato, Mizuho investors securities Tokyo market analyst.""

Bank of China said that it will be Wednesday increase loan Yuan a year to 5 5 31pc 56pc and yuan year drops 2 5pc 2 25pc rates.

The increase in interest rates was the first to China since 2007.

Chinese economy has increased 10 3pc in the second quarter and its growth has propelled the resumption of the economy of a deep recession, while the United States and Europe struggle to return to economic works foot.

The US Federal Reserve should largely in an attempt to revive the flagging economy in November by launching a program to purchase more .the Treasury bonds ' objective would be to drive down interest rates on mortgages, loans and other debts and encourage Americans to spend.

Mervyn King, Governor of the Bank of England has also fed hopes to facilitate greater quantitative (ve) Tuesday when he says political currency continues to be a "powerful weapon" in support of recovery.

New York by the tumbling points 165.07, Dow Jones industrial average or 1. 5pc 10,978.62, fall below 11,000 for the first time in a little over a week .the ' broader S & P 500 index lost 18.81 points, or 1. 59pc 1,165.90 points.

Rich technology Nasdaq composite index shed 43.71 points, or 1 76pc 2,436.95 points, as Apple is 2 7pc on earnings as forecast estimate and IBM dropped 3 4pc due to a decline in new contracts.

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Euro slide gathers pace on the fears of the debt crisis

The currency fell to $1.2997 against the dollar in trade on Tuesday morning, his lowest point in two months, even if it later recovered back losses after U.S. consumer confidence burned in November at the highest level of five months.

The brightest prospects suggest u.s. consumers might be more willing to open their wallets in addition, despite the high unemployment rate.

Agreement of a package of emergency aid of €Ireland stunned by bailing out on its shores, costs 85bn failed to allay the fears of market on the health of the euro area.

Concerns are now focusing on other countries responsible for debt with the Spain Portugal for more in-depth examination.

Governments have seen the cost of soar them loan during the past weeks and bond - yields rewards investors seek to take on the risk - increase again.

Gaps between the Spanish and Italian 10-year bond gives German cue points, which have a strong status, have reached their highest level since the euro was launched in 1999.

The crisis has started the year Greece, who was since a rescue operation last €110bn EU and the IMF, and thorough this month in the Middle fears holders will have to share future costs orchestrated.

An area of concern is that the Spain economy is twice as large as Greece, Ireland and combined Portugal prompting fears about safety net for the €750bn euro area may be almost enough if the country requires that aid.

Similarly, although most analysts view Italy at the lowest risk, the country is now called "too big" failure"and"too big to bail.

The cost of backup most euro-dette area is also on the rise, with five credit default swaps (CDS) - instruments that operate as insurance against a default country - Irish debt place 13 basis points to 6 25pc, which means that it now costs €services to ensure that the 10 million euros worth of bonds Irish.

Even the France, which is considered, along with Germany as one of the more stable members of the euro area is affected, with 5-year CDS amounting 6 points basic 1. 05pc, reflecting concerns about the toll of bailing out weaker economies.

Latest figures show Germany unemployment fell again in November, confirming its status as a powerhouse in the euro area.

The British pound gains as investors seek a safer alternative in the euro area. Sterling has jumped to its highest level since September 20 and was directed against the euro for its biggest monthly gain since January 2009.

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Mounted world as China stock market slide raises rates Asia following United States, less Europe

Nikkei average of Japan more 2pc slipped and briefly touched a low interday a month on Wednesday as investors rushed to take profits. Photo: Reuters

Japan focused on exports was the hardest hit by the Nikkei index in Tokyo tumbling 1. 7pc tp 9371 points.Australie the ASX slipped 0. 7pc and Hong Kong Hang Seng 0. 6pc.

Oil prices rose above $ 80 per barrel, after attempting to China to control inflation and a property bubble prospective he dragged more than 4pc Tuesday.

The dollar edged more after that Treasury Secretary Timothy Geithner is pulled out of a strong dollar fell against the yen, the euro and the pound sterling.

Buck the trend, with ABN Korea Southern progress 1pc and Shanghai Composite 0 6pc increasingly China markets.

"China's announcement was a great surprise to the market.Attenuated sense throughout Asia as investors worried that an increase in interest rates could pressure on economic growth in China, "says Masatoshi Sato, market analyst, Mizuho investors securities in Tokyo."

Bank of China said that it will be Wednesday increase loan Yuan a year to 5 5 31pc 56pc and yuan year drops 2 5pc 2 25pc rates.

The increase in interest rates was the first to China since 2007.

Chinese economy has increased 10 3pc in the second quarter and its growth has propelled the resumption of the economy of a deep recession, while the United States and Europe struggle to return to economic works foot.

The US Federal Reserve should largely in an attempt to revive the flagging economy in November by launching a program to purchase more .the Treasury bonds ' objective would be to drive down interest rates on mortgages, loans and other debts and encourage Americans to spend.

Mervyn King, Governor of the Bank of England has also fed hopes to facilitate greater quantitative (ve) Tuesday when he says political currency continues to be a "powerful weapon" in support of recovery.

New York by the tumbling points 165.07, Dow Jones industrial average or 1. 5pc 10,978.62, fall below 11,000 for the first time in a little over a week .the ' broader S & P 500 index lost 18.81 points, or 1. 59pc 1,165.90 points.

Rich technology Nasdaq composite index shed 43.71 points, or 1 76pc 2,436.95 points, as Apple is 2 7pc on earnings as forecast estimate and IBM dropped 3 4pc due to a decline in new contracts.

In Europe, FTSE 100 has fallen from London, 0 6pc, DAX 0 the Germany 4pc France ACC 0 7pc.

FTSE 100 Great Britain has been opened 10 - 19 points lower on Wednesday, mirroring the weakness of global investors concerned about interest rates Chinese and cooled US mortgage bonds also viewed UK policy.

The minutes of the Bank of England is published at 9.30 a.m. and Chancellor announced review of expenditures at 1230.

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Mounted world as China stock market slide raises rates Asia following United States, less Europe

Nikkei average of Japan more 2pc slipped and briefly touched a low interday a month on Wednesday as investors rushed to take profits. Photo: Reuters

Japan focused on exports was the hardest hit by the Nikkei index in Tokyo tumbling 1. 7pc tp 9371 points.Australie the ASX slipped 0. 7pc and Hong Kong Hang Seng 0. 6pc.

Oil prices rose above $ 80 per barrel, after attempting to China to control inflation and a property bubble prospective he dragged more than 4pc Tuesday.

The dollar edged more after that Treasury Secretary Timothy Geithner is pulled out of a strong dollar fell against the yen, the euro and the pound sterling.

Buck the trend, with ABN Korea Southern progress 1pc and Shanghai Composite 0 6pc increasingly China markets.

"China's announcement was a great surprise to the market.Attenuated sense throughout Asia as investors worried that an increase in interest rates could pressure on economic growth in China, "says Masatoshi Sato, market analyst, Mizuho investors securities in Tokyo."

Bank of China said that it will be Wednesday increase loan Yuan a year to 5 5 31pc 56pc and yuan year drops 2 5pc 2 25pc rates.

The increase in interest rates was the first to China since 2007.

Chinese economy has increased 10 3pc in the second quarter and its growth has propelled the resumption of the economy of a deep recession, while the United States and Europe struggle to return to economic works foot.

The US Federal Reserve should largely in an attempt to revive the flagging economy in November by launching a program to purchase more .the Treasury bonds ' objective would be to drive down interest rates on mortgages, loans and other debts and encourage Americans to spend.

Mervyn King, Governor of the Bank of England has also fed hopes to facilitate greater quantitative (ve) Tuesday when he says political currency continues to be a "powerful weapon" in support of recovery.

New York by the tumbling points 165.07, Dow Jones industrial average or 1. 5pc 10,978.62, fall below 11,000 for the first time in a little over a week .the ' broader S & P 500 index lost 18.81 points, or 1. 59pc 1,165.90 points.

Rich technology Nasdaq composite index shed 43.71 points, or 1 76pc 2,436.95 points, as Apple is 2 7pc on earnings as forecast estimate and IBM dropped 3 4pc due to a decline in new contracts.

In Europe, FTSE 100 has fallen from London, 0 6pc, DAX 0 the Germany 4pc France ACC 0 7pc.

FTSE 100 Great Britain has been opened 10 - 19 points lower on Wednesday, mirroring the weakness of global investors concerned about interest rates Chinese and cooled US mortgage bonds also viewed UK policy.

The minutes of the Bank of England is published at 9.30 a.m. and Chancellor announced review of expenditures at 1230.

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European awards for the second day, unstable by the rise of China rates slide

FTSE 100 in London slipped 0 3pc 5688 investors anticipated Bank of England minutes which are expected to show a split of three tracks between rates of setters, using figures and review the global coalition of public expenditure.

DAX edged 0 lower 2pc and ACC Germany dropped France, 0 2pc.

Mirror falls on Asian markets, due to a strong decline in u.s. stocks during the night.

Export-oriented Japan was hardest hit with the Nikkei index Tokyo drying tumble 1. 65pc tp 9381 points.Australie the ASX slipped 0. 7pc and Hong Kong Hang Seng 0. 7pc.

Oil prices rose above $ 80 per barrel, after attempting to China to control inflation and a property bubble prospective he dragged more than 4pc Tuesday.

The dollar edged more after that Treasury Secretary Timothy Geithner is pulled out of a strong dollar fell against the yen, the euro and the pound sterling.

Buck the trend, with ABN Korea Southern progress 1pc and Shanghai Composite 0 6pc increasingly China markets.

"Announces China was a great surprise for the marché.Sentiment mitigated throughout Asia as investors worried that an increase in interest rates could pressure on the growth of China,"says Masatoshi Sato, Mizuho investors securities Tokyo market analyst.""

Bank of China said that it will be Wednesday increase loan Yuan a year to 5 5 31pc 56pc and yuan year drops 2 5pc 2 25pc rates.

The increase in interest rates was the first to China since 2007.

Chinese economy has increased 10 3pc in the second quarter and its growth has propelled the resumption of the economy of a deep recession, while the United States and Europe struggle to return to economic works foot.

The US Federal Reserve should largely in an attempt to revive the flagging economy in November by launching a program to purchase more .the Treasury bonds ' objective would be to drive down interest rates on mortgages, loans and other debts and encourage Americans to spend.

Mervyn King, Governor of the Bank of England has also fed hopes to facilitate greater quantitative (ve) Tuesday when he says political currency continues to be a "powerful weapon" in support of recovery.

New York by the tumbling points 165.07, Dow Jones industrial average or 1. 5pc 10,978.62, fall below 11,000 for the first time in a little over a week .the ' broader S & P 500 index lost 18.81 points, or 1. 59pc 1,165.90 points.

Rich technology Nasdaq composite index shed 43.71 points, or 1 76pc 2,436.95 points, as Apple is 2 7pc on earnings as forecast estimate and IBM dropped 3 4pc due to a decline in new contracts.

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Blue-chips slide as minors strike benefits

Miners suffered profits taken once executed a strong with Anglo American, BHP Billiton and natural resources of the Corporation lose 19½ 906 p, 56 percent to £ 21.96½ and 52 percent to £ 29.30 respectively.

Insurers were also favour after Bank of America Merrill Lynch downgraded its ratings on four companies in the sector, primarily citing reasons for evaluation.The broker reduces legal & General position of "buy" to "neutral", in the wake of doing well in the latest mois.Juridique & general actions fell 1.3 101½p.

Standard Life and Old Mutual "neutral" from "buy", also cut analysts by reducing its price target to 160 p 155 p but leaving the target unchanged old price 250 p.Standard Life declined by 0.7 percent 226.3 and Old Mutual dropped 3.3 1 p. Aviva, cut to "underperform" from "neutral", lost 1.2 percent 399.6.

Negative sense extended to banks, where the concerns of the own funds requirements persisted.Lost Barclays 4 p 277.35 and Standard Chartered throw 16½ £ 17.89½.

On a positive note, exploiting that Carnival cruise plot an increase of 114% to £ 27.68 upwards the leader board as counterpart listed U.S., Royal Caribbean Cruises, raised its expected benefit.

Reckitt Benckiser is are strengthened to 18 per cent to £ 34.36 after winning the conditional end EU regulatory approval Monday to buy SSL, the manufacturer of the Durex condoms and sandals Scholl.Goldman Sachs raised its rating "buy" to "neutral", adding to their list of purchase "belief" Reckitt

"The acquisition of SSL channels double us our earnings by share forecast for Reckitt Benckiser for the next five years, growth of 5mC 10pc," said analystes.Le broker added that the acquisition has also increased exposure of Reckitt growth and margin and health care personal higher classes.

However, consumer peer Reckitt, Unilever, came under pressure, falling from 44% to £ 18.12 after a cautious note of Jefferies Cup parsley manufacturer to "hold" to "buy" ahead of a trading update third quarter on 4 November."With winds, declining economies and continuous price relatively low entry-level price we cut our assumptions of average EBITDA margin basis points 45 per year," said the broker, reduce its price target for Unilever £ 20.50 of £ 20.82.

Cairn Energy, ARM Holdings was vying for the dubious honour lead league table of the losers of the.The manufacturer of the chip has lost 23 366.2% after its third-quarter results were eclipsed by a warning from one of its customers who might be weakening of the demande.Pesant on cairn, lost 29½ 382½p take the wooden spoon is a new it put an end to the drilling of a well in Greenland.

Would include stocks of oil AIM, hangar Valiant Petroleum 140 p - or 18 7pc - 610 p after saying abandon his exploration of Northern Viola as well as the dry hole.But Oriel retained their "buy" rating securities analysts"North Viola was a target high-impact and actions benefited by executing the résultat.Ils prediction will obviously take on the announcement, but must be supported by the fundamental value of Don fields continue to be very cash generative, said broker."

Desire petroleum lost investors 66¾p 4¼ ropes on the prospects for his "Rachel" despite the company saying that drilling progresses towards its depth expected.

FTSE 250 mid-cap - index that yesterday the retardataires.Il throw points 37.42 10940.72 - Fidessa lead has slipped p 138 to £ 15.84 after warning that some companies have been delay spending decisions, prompting dealers reduce their ratings on commercial software company.

Numis Securities Fidessa problem to "hold" to "buy" and KBC Peel Hunt analysts also reduced their rating. "We are a buyer long-term Fidessa, but go to a commercial sale on repeated orientation and recent actions rises, said the broker.

Other grouped stocks were also affected by broker downgrades.Regus dropped 3.05 p 83.1 after Panmure Gordon downgraded to "hold" to "buy".WS Atkins has come under pressure falling 17½ % 775 after RBS downgraded to "hold" to "buy", engineering consultancy citing concerns about the impact of global spending on public sector business revenues review too.

But having a better day was Brit Insurance reaches 24 p £ 10 h 45 after accepted a formal offer to companies Apollo Management buyout and CVC Capital Partners.

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Blue-chips slide as minors strike benefits

Miners suffered profits taken once executed a strong with Anglo American, BHP Billiton and natural resources of the Corporation lose 19½ 906 p, 56 percent to £ 21.96½ and 52 percent to £ 29.30 respectively.

Insurers were also favour after Bank of America Merrill Lynch downgraded its ratings on four companies in the sector, primarily citing reasons for evaluation.The broker reduces legal & General position of "buy" to "neutral", in the wake of doing well in the latest mois.Juridique & general actions fell 1.3 101½p.

Standard Life and Old Mutual "neutral" from "buy", also cut analysts by reducing its price target to 160 p 155 p but leaving the target unchanged old price 250 p.Standard Life declined by 0.7 percent 226.3 and Old Mutual dropped 3.3 1 p. Aviva, cut to "underperform" from "neutral", lost 1.2 percent 399.6.

Negative sense extended to banks, where the concerns of the own funds requirements persisted.Lost Barclays 4 p 277.35 and Standard Chartered throw 16½ £ 17.89½.

On a positive note, exploiting that Carnival cruise plot an increase of 114% to £ 27.68 upwards the leader board as counterpart listed U.S., Royal Caribbean Cruises, raised its expected benefit.

Reckitt Benckiser is are strengthened to 18 per cent to £ 34.36 after winning the conditional end EU regulatory approval Monday to buy SSL, the manufacturer of the Durex condoms and sandals Scholl.Goldman Sachs raised its rating "buy" to "neutral", adding to their list of purchase "belief" Reckitt

"The acquisition of SSL channels double us our earnings by share forecast for Reckitt Benckiser for the next five years, growth of 5mC 10pc," said analystes.Le broker added that the acquisition has also increased exposure of Reckitt growth and margin and health care personal higher classes.

However, consumer peer Reckitt, Unilever, came under pressure, falling from 44% to £ 18.12 after a cautious note of Jefferies Cup parsley manufacturer to "hold" to "buy" ahead of a trading update third quarter on 4 November."With winds, declining economies and continuous price relatively low entry-level price we cut our assumptions of average EBITDA margin basis points 45 per year," said the broker, reduce its price target for Unilever £ 20.50 of £ 20.82.

Cairn Energy, ARM Holdings was vying for the dubious honour lead league table of the losers of the.The manufacturer of the chip has lost 23 366.2% after its third-quarter results were eclipsed by a warning from one of its customers who might be weakening of the demande.Pesant on cairn, lost 29½ 382½p take the wooden spoon is a new it put an end to the drilling of a well in Greenland.

Would include stocks of oil AIM, hangar Valiant Petroleum 140 p - or 18 7pc - 610 p after saying abandon his exploration of Northern Viola as well as the dry hole.But Oriel retained their "buy" rating securities analysts"North Viola was a target high-impact and actions benefited by executing the résultat.Ils prediction will obviously take on the announcement, but must be supported by the fundamental value of Don fields continue to be very cash generative, said broker."

Desire petroleum lost investors 66¾p 4¼ ropes on the prospects for his "Rachel" despite the company saying that drilling progresses towards its depth expected.

FTSE 250 mid-cap - index that yesterday the retardataires.Il throw points 37.42 10940.72 - Fidessa lead has slipped p 138 to £ 15.84 after warning that some companies have been delay spending decisions, prompting dealers reduce their ratings on commercial software company.

Numis Securities Fidessa problem to "hold" to "buy" and KBC Peel Hunt analysts also reduced their rating. "We are a buyer long-term Fidessa, but go to a commercial sale on repeated orientation and recent actions rises, said the broker.

Other grouped stocks were also affected by broker downgrades.Regus dropped 3.05 p 83.1 after Panmure Gordon downgraded to "hold" to "buy".WS Atkins has come under pressure falling 17½ % 775 after RBS downgraded to "hold" to "buy", engineering consultancy citing concerns about the impact of global spending on public sector business revenues review too.

But having a better day was Brit Insurance reaches 24 p £ 10 h 45 after accepted a formal offer to companies Apollo Management buyout and CVC Capital Partners.

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