UK stocks lost a lot of ground just an hour before close of business after what had already been a r...
UK stocks lost a lot of ground just an hour before close of business after what had already been a rocky day, as a US report revealed manufacturing expansion is moving at a slower pace than most had expected. This is the third negative report in two days to come out of the US, along with news that two senior executives from WorldCom have been arrested and charged with conspiracy to defraud. Such news was compounded further by financial results from Barclays and Deutsche Bank which said bad loans - particularly in Argentina where the economy is in dire straits - has cut their profi...
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