European Indexes End Lower
European stock markets closed lower on Friday. London's FTSE 100 index was off 17.30 points, or 0.39%, to 4,407.40 following a HBOS report that housing prices rose more than 21% over past 3 months, which the slowest pace since last November. Morrison was lower after a company issued a shock profit warning. Sainsbury was lower after issuing a warning yesterday. Legal & General higher as UK new business rose 20% in the second quarter. Barclays was higher after Morgan Stanley recommended the stock.
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