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 to Greece, if required, including from the IMF. Cable & Wireless Communications and Cable & Wireless Worldwide fell most sharply, by 23% and 6% respectively. They ended the day on 56.75p and 94.25p. It was their first day's trading after the demerger of Cable & Wireless. CWC runs consumer telecoms services, while CWW focuses on the business market. Man Group also fell, for the ...
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