Footsie ignores US gains

The Footsie neglected to act on the strong finish enjoyed by Wall Street yesterday and in morning trade the UK's leading index was marginally lower with no major trends apparent. The FTSE 100 was down 9.7 points to 5912.8 at morning trade. The Nasdaq recovered 3.6% yesterday with tech stocks cheered after chip manufacturer Xilinx said order cancellations had come down. The Dow Jones advanced 114 points to 11,176 and the Standard & Poor's 500 gained 16.46 to 1,284. Despite the progress made by the Nasdaq in the UK, a handful of tech and telecom stocks weakened. Colt Telecom...