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...
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