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 for mobile phone companies, slipped after Ericsson announced a fourth-quarter loss. The stock fell 29.5p to 550.5p.
British Airways lost 4.5% to 217.25p as news emerged that its proposed alliance with American Airlines received US antitrust immunity provided the airlines hand over 16 daily round trips to competitors on routes between the US and Heathrow Airport.
Gains among the FTSE 100 were capped at 2% by Lattice.
Over in the US at midday on Friday, markets were flat. The Dow Jones was up 61 to 9858, the Standard & Poor's 500 rose 1 to 1133 while the Nasdaq lost 9 to 1933.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till