A tremendous tumble for consumer electronic retailer DSG International has led the FTSE 100 to a 1.02% fall today. The index closed 68.3 points down to 6609.4.
DSG, the Dixons and Currys group, dived after it predicted its first half year on year profits to fall. It closed Thursday trading 11.9 points lower, or 8.75%, to 124.1.
The slowing in September mortgage lending dented Taylor Wimpey and Barratt Developments. Taylor finished 5.15% lower, to 253.25 points; while Barratt was 5.12% down, to 658.5.
A good day for the medical sector led Smith & Nephew to a solid gain, it jumped 16 points or 2.67%, to 615. Rexam also did well, the consumer packaging company climbed 10.5 points, or 1.99%, to 538.
In New York, the Dow Jones is lower in morning trading after oil prices climbed once again and weak earnings reports ruffled investor confidence. The index is currently on 13863.6 - a 28.94 point dip, or 0.21%.
American Express is leading the early losses, down 1.18 points, or 1.96%, to 58.9.
JP Morgan Chase is also struggling, after it yesterday reported a 70% drop in investment banking profits. The financial giant is 0.66 points lower, or 1.42%, to 45.71. Disney is lower, down 0.49 points, or 1.38%, to 34.89.
United Tech, the high-technology product provider, is the only stock to have any sort of significant gain so far, it’s up 1.17 points, or 1.52%, to 77.97.
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