Nasdaq sell off prompts UK decline

Poor start to the week for the FTSE 100, hampered by UK technology issues and further declines for Hays and Railtrack. The FTSE 100 finished the day down 90.1 points to 5860.5. Old economy stocks dominated the FTSE 100 leaders table but the real action concerned another tech sell off, inspired by two profit warnings from the US's semiconductor industry. Varian Semiconductor Equipment and DuPont Photomasks warned that second-quarter earnings would be lower than expected due to reduced demand. In the UK, chip manufacturers and software stocks were hit hardest with ARM down 11...