The benchmark FTSE 100 only closed down 13.30 points today to 4,248.80 after the Bank of England's d...
The benchmark FTSE 100 only closed down 13.30 points today to 4,248.80 after the Bank of England's decision to keep interest rates unchanged at 3.5% led to a rather uneventful day on the UK stock markets.
EMI Group, one of the music industry's major players, fell 14.75p to 156.75 on mounting concerns as analsysts fear Vivendi-owned Universal Music Group's plan to cut CD prices in the US will drive other music companies to follow suit.
International Power lost 8.5p to 137.75p, however, the company believes it will meet full-year profit forecasts after first-half earnings fell 32%.
Logica CMG was another of today's losers, dropping 10.25p to 246.75p.
Royal & Sun Alliance Insurance Group shares plunged 17.5p to 136.5p after the struggling insurer announced that it is to cut 1,000 jobs and raise money through a new financing proposal.
Axis-Shield shed 24p to 187.5p after the maker of medical tests said its first- half loss had grown to £4.46m as it spent more on research and development.
In the meantime, Mowlem climbed 5p to 200p.
Little-known MTL Instruments Group climbed 20p to 192.5p. The maker of explosion- monitoring devices said first-half profit increased to £788,000 after they made some improvements in production efficiency.
Next, the high street chain, did manage to gain another 17.5p to 1,140.5p after an analyst at Merrill Lynch raised her recommendation for the stock to "buy" from "neutral".
Northern Foods dropped 25.5p to 134.5p, probably reflecting the news that its chief executive officer has just resigned, having earlier in the day announced the firm's profits will be "significantly lower" in its fiscal first half.
SDL, which works with firms such as Cisco Systems to translate computer software, also gained 11.5p to 74.5p after the company announced that first-half revenue rose 10%.
In the US, the Dow Jones Industrial Average index is currently up 1.55 points to 9,570.01 and Nasdaq's Composite index is also up 5.98 points to 1,858.88.
That said, the S&P 500 index has so far lost 0.98 points to 1,025.29.
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First mentioned in Cridland Report