It was a day of the long knives for telecoms stocks today as the top five loser slots in the FTSE 25...
It was a day of the long knives for telecoms stocks today as the top five loser slots in the FTSE 250 all went to telecoms or telecoms related companies.
Technology topped the loser board for the FTSE 100, as Sage, Arm and Man Group slipped 12p to 198p, 13.5p to 264p and 50p to £10 respectively.
Smith & Nephew, Tesco, and Reckitt Benckiser did the opposite, putting on12.5p to 413p, 7.5p to 253.5p and 29p to £11.31 respectively.
Another surprise riser was BT Group, up 6p to 255p as investor realised that it stood to gain where alternative carriers such as Energis went bust.
Overall the FTSE 100 was tracking downwards throughout the day, finally closing down 26.7 points on the opening to end the week at 5,046.6, tantilisingly close to the psychological 5,000 level.
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