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Unilever leads FTSE higher as pound wavers on Cameron speech
Markets
by Chris Marshall on Jan 23, 2013 at 08:35
United Utilities (UU.L) was also making gains, up 1.67% to 729p, amid news reports based on market rumours that a consortium was planning a bid for the London-listed water group
Compass, Kingfisher drop
Kingfisher (KGF.L) shares dropped by 1.4% to 269p after Deutsche Bank downgraded their target price for the Homebase owner to 290p. ‘Last week's data from Homebase and the Banque de France suggest market weakness and continued downside risk to Kingfisher's Q4 profits,’ said analyst Warwick Okines, though he kept his ‘hold’ rating on the shares.
Catering company Compass (CPG.L) was the biggest faller on the FTSE 100, trading without its dividend appeal, down 2% at 744p.
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