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London Market Report | London Market Report |
(about 4 hours later) | |
(Noon): Broadcaster ITV was the biggest riser on the London stock market in Thursday morning trading. | |
The company's share price climbed 8.3% after it emerged that US cable giant Liberty Global had bought a 6.4% stake in it. | |
Liberty, which bought Virgin Media last year, paid BSkyB £481m to acquire the shares. | Liberty, which bought Virgin Media last year, paid BSkyB £481m to acquire the shares. |
Overall, by lunchtime the benchmark FTSE 100 index was down 52.03 points, or 0.77%, at 6,732.64. | |
Big losers included Sports Direct, which fell 2.5% despite a "record" 15% rise in annual pre-tax profits to £239.5m. | |
Biggest faller was beverage can maker Rexam, down 2.7% after a broker downgrade. | |
On the currency markets, the pound was down 0.17% against the dollar at $1.7108, and 0.18% lower against the euro at 1.2647 euros. | |