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(From FT Investor (Pulses))
UK engineering group, Tomkins , which joined the FTSE 100 at its last quarterly review, has been downgraded by Schroder Salomon Smith Barney to "2M" (neutral with medium risk) from "1M" (outperform with medium risk). SSSB said it had downgraded the stock because increasing investor concern over the direction of US consumer spending and the stock's 92 per cent outperformance of the UK market over the last year could act as a brake ...