London's FTSE 100 index is off by nearly 7 points at 5,252 this morning after last nights close down...
London's FTSE 100 index is off by nearly 7 points at 5,252 this morning after last nights close down by the Dow Jones Industrial Average index, despite Nasdaq's Composite index gains.
Leading movers are in the telecoms, technology investment, supermarket and mining sectors.
Venture capital investor 3i jumped nearly 4% or 28p to 750p after Easyjet confirmed it would pay £374m to acquire competitor Go.
BT Group jumped 9.25p to 265.25p after releasing results showing a reduction in losses and improving sales at its yellow pages unit Yell, which it has said previously it wants to spin off.
The company also reinstated its dividend, suspended last year as part of its debt reducing moves.
BHP Billiton continues its run of the past two days by adding another 5.25p to 405p.
Supermarket Tesco is leading the supermarkets, with a 2.25p gain to 262.5p.
At the other end of the spectrum, Kingfisher leads the losers, continuing the losses made yesterday on the back of its bid for the remaining shares it does not already own in French DIY chain Castorama.
Long-time leader of the company chief executive Geoffrey Mulcahy is also on the way out, and the newsflow has pushed shares down 14p to 369p.
Investors are also trying to make sense of a possible $4bn bid by Cadbury-Schweppes for US firm Pfizer's Adams sweets business - shares are down by 8p to 504p.
Cable&Wireless is being hit for its results released yesterday, losing another 2p to 199p to add to the 5.25p loss seen yesterday.
The FTSE 250 mid-cap index is also down today, off by 2.5 points at 6,158.
Telecoms and technology are dragging the index down, with the four biggest losers in these sectors.
Marconi's decision yesterday to not release information about its restructuring talks with banks and bondholders has pushed the stock down another 14% today, or 1.4p to 7.7p.
South African reseller of network equipment Dimension Data has been pounded over its results released this morning, which showed continued losses, and pushed shares down 5.5p to 63.25p undoing recent rises on the good newsflow from its major equipment supplier Cisco Systems.
Microsoft's decision to remove three directors from cable television company Telewest pushed shares in the UK company down 0.45p to 7.75p today.
Investors seem more capable of forgiving Jarvis, however, pushing its shares up 26.5p to 360.5p after its pounding since the Potter's Bar rail crash.
Jarvis was responsible for maintenance on the line, but peer Amey released further figures indicating the money to be had from PPP contracts and a very strong forward order book.
Amey is the second best performing mid-cap by percentage gain after Jarvis, up 13p to 240.5p.
Easyjet is up 18.5p to 478.5p on its announced bid for rival Go.
Looking at other markets, Tokyo had a good day, with the Nikkei 225 index putting on 95.72 points to 11,738.69.
Hong Kong's Hang Seng index is down, however, by 5.59 points to 11,832.77.
The Dow Jones Industrial average closed down 54.46 points at 10,243.68.
Nasdaq's Composite gained 6.51 points to close at 1,725.56.
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