UK markets plunged for a second day as the FTSE shed 43.20 points to 5250 while the FTSE All-Share d...
UK markets plunged for a second day as the FTSE shed 43.20 points to 5250 while the FTSE All-Share dropped 21.14 points to 2547.55.
Invensys lost 2.75p to 131p after JP Morgan widened loss estimates on the maker of factory controls.
It was also a bad day for UK retailers Marks & Spencer who lost 2.5p to 365p, Next fell 4.4% to 894p and Dixons shed 7.5p to 239.25p.
Airline stocks suffered the same fate. British Airways lost 9p to 234.5p and EasyJet fell by 1% to 484.5p.
The biggest gainer today was Enterprise Oil, which increased 105p to 605p, a 21% rise, after the company announced an unsolicited takeover bid.
In the US, the tech-heavy Nasdaq is on the rise so far for a fourth day running.
The index is up by 8.1 to 2045.15 led by Altera after the chipmaker announced fourth quarter sales fell by less than expected. Altera gained $1.16 to $25.06.
The Dow Jones Industrial Index fell by 38.5 to 10158.51. General Electric lost 30 cents to $39.06 and AOL dropped 37 cents down to $32.31.
Among the gainers, Microsoft increased $1.14 to $69.68 and Intel added 30 cents to $35,57. RealNetworks climbed 62 cents after it announced that Hitachi and NEC are making sure that their chips will work with RealNetwork.
Tiffany also gained $1.94 to $34.83 after the jewellery store operator announced that fourth-quarter profit might be higher than expected.
Staying invested could prove lucrative
Consider lasting powers of attorney
Less environment, more governance threatens to undermine firms' green credentials
Evidence your compliance