In afternoon trading, the FTSE 100 fell with losses for technology stocks. Software group Autonom...
In afternoon trading, the FTSE 100 fell with losses for technology stocks. Software group Autonomy nosed dived falling 238p to 332p as the Footsie fell 31.10 points to 5590.70.
Investor jitters threaten to send the market into meltdown as a clutch of tech stocks ready themselves to release results.
Autonomy's fellow tech stocks also fell. CMG lost 40.5p to 432.5p, Misys fell 42p to 415p and Logica dropped 110p to 770p.
SMG the parent company to Scotland's ITV channel fell 15.5p to 186p on news that first quarter operations fell by 9% compared to the same quarter a year ago.
Bus company Arriva lost 10p to 300p following an analyst downgrade while low fare air group Easyjet gained 16p to 397p thanks to a 33% rise in passenger volume.
Like London the US markets fell in value with losses for, yes, tech stocks. The Nasdaq lost 63.36 point to 1721.64 while the Dow Jones fell 174.14 to 9743.91 and the Standard & Poor's 500 slipped 23.14 to 1128.30.
Agilent fell $4.62 to 26. It estimates earnings to be less than earlier forecasts - a result of slowing sales to big name customers Cisco and Hewlett-Packard.
Tellabs fell $5.63 to 35.13 after a decline in sales for the maker of telecommunications equipment. The stock has lost a quarter of its value since the start of the year.
Other losers include Cisco fell 81 cents to $14.13, Nortel lost 71 cents to $13.03, Lucent 57 cents to $7.37, Intel a dollar to $24.63 and Microsoft also a dollar to $55.75.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till