Having started the day so well, the news is not as positive by close of business because manufacturi...
Having started the day so well, the news is not as positive by close of business because manufacturing news in the US did not turn out to be as positive as initially hoped.
The regular monthly update stats from the National Association of Purchasing Management revealed its "factory index" did rise a fraction to 52.5 in May, but it is still less than the target economists had expected.
IFA firm Inter-Alliance struggled to keep its grip on the share price too, plunging 72% from 23.35p to 9.25p, after reporting that its first half business figures didn't meet the company's forecasts.
Add this to falling share prices for UK publishing house Reed Elsevier and medical suppliers Smith & Nephew, and you might see why the FTSE 100 has fallen 36.6 points or 0.9% to 4031.2.
Reed Elsevier today lost 18p or 3.5% to 504.25p while Smith & Nephew lost 10.5p or 2.9% to 348.25p because it gets around half of its business from the US.
But Debenhams, the department store chain, did continue its good run and managed to close up 18.25p or 4.5% to 420.25p after takeover talk.
Mean Fiddler Music Group, which owns the Astoria nightclub in London's West End, added 1.75p or 13% to 15p because the group now expects profitable growth at its festivals, international touring and live venues businesses.
Parkwood Holdings, which manages parks and leisure facilities for local governments, also managed to gain rose 6p or 15% to 45.5p after winning a contract worth £5m a year with the London Borough of Bexley.
And Photo-Me International, the photo booth firm, finally managed to close up 3p or 5.4% to 59p after cutting losses from almost £10m last year to £4.3m.
In the US, trading is relatively slow so far but there are at least gains to see.
The Dow Jones is up 0.18% or 16.32 points to just over 9,000 at 9,005 while the S&P 500 is flat, climbing just 09.32 points to 976.5 and the Nasdaq is up 1.82 points or 0.11% to 1,627.08.
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