The FTSE 100 index is off nearly 50 points at 5,183 points after investors reacted to disappointing f...
The FTSE 100 index is off nearly 50 points at 5,183 points after investors reacted to disappointing figures from telecoms equipment bellwether Ericsson. The Swedish company was unable to match rival Nokia's upbeat statements of yesterday. The telecoms sector was already nervous following Enegis' shock profits warning yesterday, not made any better by another profits warning from Fibernet this morning. This was enough to drive London down, despite upbeat comments from Federal Reserve Bank chairman Alan Greenspan yesterday, which pushed indices there up by the close. The Dow ...
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