Poor news from the US technology sector, specifically news from database software giant Oracle that ...
Poor news from the US technology sector, specifically news from database software giant Oracle that sales are not picking up in line with expectations, hurt the FTSE this afternoon, sending it down 4.40 points to 4,237.80 by the close.
The index this morning looked set to break a three-day losing streak.
ICI suffered another ratings cut by analysts at Smith Barney, who rated it 'underperform', and helped send shares down another 5.5p to 182.5p, cementing its position as the worst FTSE 100 performer in the past week.
Old Mutual fell as concerns over the strong South African rand send shares in Johannesburg down, and affected the UK listed firm that does most of its business in South Africa.
Sainsbury put in a strong effort, gaining 10p to 279p.
BAE Systems managed a firm rise of 5.5p to 175.5p as it announced another order to match its improved profit margins reported earlier this week.
The FTSE 250 index gained 15 points to 5,625.3.
P&O led, adding 18.5p to 263.75p, as investors continue to look positively on the increased business at its ports.
Debenhams jumped 23.5p to 458.5p after it announced that two venture capital funds and investment bank Merrill Lynch had succeeded in a bid for the business.
Britannic Group dropped 8p to 280.5p.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation