Nokia disappointment edges FTSE 100 lower

Professional Adviser
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Towards midday the FTSE 100 slipped 14 points to 5245 - as with yesterday there were no marked ...

Towards midday the FTSE 100 slipped 14 points to 5245 – as with yesterday there were no marked stock price movements but Telecoms and pharmaceuticals were noticeably weak. Telecom stocks suffered marginally after sector bellwether Nokia said it has cut its first-quarter sales forecast in light of declines experienced in its network business. The group admitted sales from that division will be down around 25% against its former expectation of 20%. The news saw UK index heavyweight Vodafone slip 2% to 137.5p which swiped around 8 points off the FTSE 100. Amersham led the F...

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