Energis tumble prompts Footsie slide

Professional Adviser
clock

There was little to smile about on Friday as the FTSE 100 slipped 40.1 points to 5193. There we...

There was little to smile about on Friday as the FTSE 100 slipped 40.1 points to 5193. There were few gainers and no obvious sector trends to investor sentiment, other than a widespread reluctance to buy. Cable & Wireless spearheaded the decline after its peer Energis tumbled for the second day in a row. The stock dropped 16p to 293p. Energis added to yesterday's 57% plunge as it lost a further 5p to 18p following yesterday's announcement that its 2002 sales and earnings are unlikely to meet analysts' forecasts. Logica was another prominent faller. The provider of software f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •