The FTSE 100 was in decline mid morning and chip manufacturer Bookham Technology was nearing record ...
The FTSE 100 was in decline mid morning and chip manufacturer Bookham Technology was nearing record lows after it admitted its second-quarter loss widened.
The FTSE was down 25.4 points to 5421.3 after closing up 43.6 points at 5446.70 yesterday. The Techmark 100 slipped 3.59 points to 1548.04 and is expected to slide further during the day.
Bookham shares fell 14p to 140p. The company said that the higher-than-expected loss was due to clients such as Marconi and Nortel delaying or canceling orders.
Among the gainers, Halifax rose 27.5p to 795p as it earlier reported a first half net income of £569m, higher than the forecasted £527m.
Wall Street endured a forgettable day yesterday with its main indices closing marginally lower. The Nasdaq closed 11 points lower at 2,018 and the Dow Jones closed 15 points down to 10,402.
There could be some good news on its ay today though as economic data to be released may show a rise in consumer confidence boosted by the current loosened monetary policy and tax rebates.
Japan's Nikkei 225 struggled out of its 16 years low and was paced by Honda and Cannon announcing higher than expected earnings. The Nikkei 225 picked up 281.50 to 11,860.77.
While in Hong Kong the Hang Seng added 190 points to 12,277 after the government announced that gross new home lending rose in June.
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