A poor day for tech and telecom stocks in the US on Tuesday condemned their UK counterparts and...
A poor day for tech and telecom stocks in the US on Tuesday condemned their UK counterparts and the FTSE 100 to an early decline on Wednesday. At morning trade London's leading index fell 15 points to 5164. Old economy stocks and pharmaceuticals dominated the leaders' board which was led by Marks & Spencer, up 3% to 411p. The retailer reported a stronger than expected rise in sales for the January to March period today. Tech and telecom casualties included Vodafone, who fell 2% to 119p, Arm shed 3% to 275p and Logica dropped 2% to 408p. Reuters was also among the...
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