Investors took stock of recent market gains and decided to profit take today, which sent the FT...
Investors took stock of recent market gains and decided to profit take today, which sent the FTSE 100 down 28 points to 5214.
Bloodiest casualty on London's leading index today was Hays after it fell 11% to 186p, it's worst one day decline for eight months. The city was unimpressed with the recruitment group's first-half figures announced today. Profit over the last six months has dropped 17%. The group also admitted business at its logistics division, which generates more than a third of sales, probably won't improve over the rest of the year.
Elsewhere, Pace Micro Technology crashed 67% after it downscaled fiscal 2002 sales forecast.
Leading FTSE 100 gains was Logica after it advanced 5.4% to 450p. The group cheered investors today after it said won two contracts and five trials with regards to its messaging platform.
In the US, the bulls were also taking a rest, at midday the Dow Jones was down 108 to 10478, the Standard & Poor's 500 slipped 5 to 1147 but the Nasdaq stayed in the black with a gain of 5 to 1864.
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