FTSE changes harbour no improvements

Professional Adviser
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Having announced its quarterly re-shuffle of stocks in the FTSE 100 Index, there was little in the w...

Having announced its quarterly re-shuffle of stocks in the FTSE 100 Index, there was little in the way of cheer as the last clearout of former tech stock darlings led a 83.10 point drop to 4,851.70 by the close. Out went chip designer Arm, software firm Logica and manufacturer Electrocomponents, and in came miner Xstrata, chemicals specialist Johnson Matthey and paper cup supplier Bunzl - a spicy stock if there ever was one. Arm shares dropped 14.5p to 165.5p, Logica actually gained 1.75p to 220.25p, while Electrocomponents remained unchanged at 414.5p. Otherwise the oil s...

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