The FTSE 100 index is down about 14 points to 4,540 today, following European markets down as investors get used to the new index constituents added yesterday.
Hays leads the losers, falling 10.25p to 130p after reporting a 30% drop in first-half profit linked to asset sales as part of its transformation away from being a broad-based services firm.
Antofagasta, the copper mining company, is down 33.5p to 1,138.5p, one day after joining the index. The company this morning reported a doubling of second-half profit after production costs fell and the price of copper rose.
Aviva is down 11p to 576.75p.
Xstrata fell 12p to 728p on news it has acquired a competing South African-based chrome business.
LloydsTSB is up 5p to 447p as investors reversed their view of the stock following yesterday’s drubbing on full-year figures. Profits jumped on asset sales, but investors are wary of where future company growth will come from after retrenching to the UK market.
The FTSE 250 index is down about 6 points to 6,382.
Wolfson Microelectronics, the designer of chips for mobile phones and other devices, is down 9p to 303p after UBS and WestLB sold more than £13m worth of shares in the firm.
French Connection is down 10.75p to 408.25p after reporting a 24% increase in second-half profit compared to the same time last year.
Cairn Energy has jumped more than 21%, or 154.5p to 878p after striking more oil in India and reporting its full-year profit jumped 75% last year.
The Dow Jones Industrial Average dropped 66.07 points to 10,529.48 yesterday, led down by technology stocks such as IBM, Microsoft and Intel.
The S&P 500 index fell 9.66 points to 1,147.20, while Nasdaq’s Composite index fell 38.85 points to 2,008.78.
Tokyo’s Nikkei 225 index gained 29.18 points to 11,532.04 earlier today, despite reports that machine orders fell more than 12% in January, one of the biggest monthly drops since 2000.
Hong Kong’s Hang Seng index fell 176.29 points to 13,397.25.IFAonline
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