FTSE threatens to fall below 3,800

A profits warning by US computer services firm EDS helped UK technology stocks lose ground today, but it was fears about supposedly solid defence spending that caused the biggest headaches for investors, sending the FTSE 100 index down 50.91 points to 3,813.50 by the close. BAE Systems led the way with a fall of 27.25p to 173.75p, taking its shares to their lowest point in seven years. Rolls-Royce was not far behind with a 4.5p drop to 107.5p. Invensys shed 4p to 67.5p. GlaxoSmithKline shed 47p to £11.45p after agreeing an out of court settlement with Genentech o...