The Footsie hasn't had an easy ride today with stocks falling again on the back of Federal Reserv...
The Footsie hasn't had an easy ride today with stocks falling again on the back of Federal Reserve suggestions that the world's largest economy is slowing. Sage Group Plc, the UK's number one maker of accounting software, fell 12.25 to 255.75, after analysts at Lehman Brothers and Morgan Stanley Dean Witter pared their earnings per share estimates. Lehman reduced their 2001 earnings estimate to 6.58p from 6.87p previously and to 7.95p from 8.26p for 2002. Logica Plc, Europe's largest provider of software for mobile phone companies, also declined 46p to 865. Reports today showed UK ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes