Trying to snap a seven day losing streak the FTSE was unable to turn the tide by late afternoon, end...
Trying to snap a seven day losing streak the FTSE was unable to turn the tide by late afternoon, ending the day down 8.90 points at 3,925. Investors dumped shares in companies threatened with relegation to the FTSE 250 in tomorrow's reshuffle and took fright at delays to defence spending-related projects. Cable&Wireless extended yesterday's deadly 43% fall with another 15% fall today, taking its market value to around £900m and marking it out for definate booting from the FTSE 100 index tomorrow. Investors continued to dump the stock after management stumbled again over...
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