London stock indexes declined after a government report showed that inflation rose from 2.5% in March to 3% in April and on news that the government expects house prices to fall between 5% and 10% this year. In London trading FTSE 100 fell 0.14% or 8.7 to 6,211.90. Alliance & Leicester fell 10% after saying in a statement today that writedowns topped £391 million, which includes £199 million that will not have an impact on the quarterly profit. |
More: