Thursday, February 8, 2007

FTSE down amid slew of results, rate uncertainty

Britain's benchmark share index traded just inside negative territory on Thursday in a session packed with corporate results and as investors awaited the Bank of England's interest rate verdict.

On one of the busiest reporting days of the quarter, consumer goods giant Unilever Plc/NV lost more than 2 percent despite topping forecasts with a 27 percent rise in 2006 earnings and saying it expected to deliver underlying sales growth within its target range this year.

Many investors were cautious as uncertainty over the interest rate picture approached its climax ahead of the Bank of England's interest rate decision at 1200 GMT. Interest rates are expected to remain unchanged at 5.25 percent.

Read more at Reuters South Africa

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