London's blue chip index took a late tumble late on to finished slightly in the red on a choppy day's trade. European bourses finished broadly down as worries over the Eurozone continue to dampen the mood. [16 Dec '11]
Sports clothing firm Sports Direct was the high riser of the day after announcing that it has withdrawn its offer for Blacks Leisure after the outdoor leisurewear and equipment chain put itself up for sale earlier this month. Sports Direct's decision to pull out of the transaction has, however, been greeted warmly by investors, perhaps betting it can now acquire Black's assets at bargain prices. [16 Dec '11]
Evolution Securities has reiterated its buy rating on oil titan BP, highlighting today's $250m settlement with Cameron International Corporation and rumours of farm-in talks with Ophir Energy. [16 Dec '11]
The Footsie took a tumble in the afternoon as initial optimism following the European Central Bank (ECB) decision to cut rates quickly faded after a press conference with its president Mario Draghi. In the last two-or-so hours of trade, London's blue chip index dropped more than 100 points from its intraday high of 5,599 to swing into the red, closing at 5,484. Investors will now be looking ahead to what many see as a make-or-break summit for the euro tonight in Brussels. [8 Dec '11]
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