Techs and telecoms puncture Footsie back to March lows

The FTSE 100 leaked value again today, punctured by bad news for, you guessed it, telecoms and technology stocks. Little to cheer about among the distinctly old economy bunch of gainers who could only manage a top gain of around 5.9%. The FTSE 100 finished the day down 76 points to a lowly 5391.9. Leading the fallers was computer services groups CMG. The stock weakened under the growing consensus that the severe slowdown in the sector will further hurt the group's performance. Broker Goldman Sachs reduced its estimates for CMG today as well as its peer Logica. CMG lost 26p to 22...