Afternoon markets: FTSE pulled lower by demerged Cable & Wireless

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The FTSE 100 index fell by 0.4% on Friday, the first time it declined in four days. The benchmark index ended the day at 5703.02 points, off by 24.63 points.

The benchmark has risen over the past four weeks as expectations have firmed Greece will not default, and its EU neighbours will support it. On Thursday the EU backed a Franco-German proposal for loans...

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