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Evening Standard
Evening Standard
Anna Wise

Utilities drag on FTSE 100 after Thames Water receives rescue bid

Thames Water Quiz Direct Line Emmanuel Macron Aviva JD Sports United Utilities
Utilities drag on FTSE 100 after Thames Water receives rescue bid (Andrew Matthews/ PA) - (PA Archive)

London’s top stock market index retreated on Friday, with utilities dragging on the index after reports that embattled Thames Water could be brought under French leadership in a £5 billion rescue bid.

The FTSE 100 moved 40.77 points lower, or 0.49%, to close at 8,308.61.

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