The FTSE 100 fell into a sharp decline as US markets opened weaker on Wall Street today. ...
The FTSE 100 fell into a sharp decline as US markets opened weaker on Wall Street today.
The FTSE 100 finished the day down 84.9 points to 5332.7.
Spirent was the worst performer today amongst the FTSE 100. The stock lost 24.75p to 115.5p. The telecom equipment manufacturer admitted it lost 28.47p per share in the six months to June 30, compared with a profit of 2.22p a share in the same period a year earlier. The group also warned that its spiraling sales are likely to result in a fall a fall in full-year profit.
Rentokil was the day's top performer amongst the FTSE 100 with a gain of 15.75p to 248.5p.
US markets headed into declines for the fourth consecutive day as more disappointing revenue forecasts took their toll. The Dow Jones fell below the psychological 10,000 barrier for the first time since April and calls have been made that the index will be around a lowly 8600 by the end of March next year.
Technology bellwether Microsoft was hit as it emerged that the European Commission has opened a new antitrust probe into the software manufacturer. Microsoft fell $2.58 to $57.67. Sun Microsystems slipped $2.40 to $11.03 after the server-computer manufacturer admitted it doesn't expect to meet fiscal first-quarter sales targets as orders fall short of forecasts.
All the major indices were lower at midday with the Dow Jones down 114 points to 9976, the Standard and Poor's 500 was down 14 to 1134 but the Nsdaq fell heaviest again and was down 50 to 1792.
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