Likely another thing holding the market back today was the...

Likely another thing holding the market back today was the uncertainty over the intentions of the sophs who took the remainder of the 11c placement - and it seems to have been dependant on completion of the UK deal.

It remains to be seen whether they are in for the long haul, or merely to make a quick buck - CVI style. But possible tie in to the UK deal completion might be a good sign.

IMO KEY should release an updated TOP20 report to the market after these have been allocated.