US decline weakens FTSE 100

At morning trade the FTSE 100 had slipped 23 points to 5069. A poor finish in the US on Tuesday gave the signal for a weak start in London on Wednesday. US investors are still showing nerves regarding accountancy practices. On Wall Street, the Dow Jones lost 158 points to 9,745 and the Nasdaq declined 55 points to 1,751. US investors panicked after IBM declared it would be revamping its accountancy methods. The stock dropped $3.35 to $99.54. Over in Japan, the Nikkei 225 index fell on Wednesday with investors pulling out of the new economy an dtaking shelter in old...