Britain's FTSE edges lower

March 11 2013 at 11:54am
By Reuters

Reuters.

A trader monitors the screen on a trading floor in London.

London - Britain's top share index edged back from five-year highs on Monday, led by weakness in Sage after the company was downgraded by Bank of America Merrill Lynch.

At 10:08 SA time, the FTSE 100 was down 5.15 points, or 0.1 percent, at 6,478.43, having hit a five-year high of 6,489.54 in the previous session.

Sage Group led the list of FTSE 100 fallers, losing 3.9 percent after BoA ML cut its rating on the stock to 'underperform' from 'neutral', saying its valuation had peaked. - Reuters

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