Shares are struggling to stay afloat in early UK trading this morning thanks to news from the US of an economic slowdown.
A US government report yesterday said economic growth has been at its slowest for two years and businesses have cut spending, which in turn damages the profit potential of some of the UK’s largest companies. The FTSE 100 index is currently at 4789, as two stocks are falling for every one which rises, and the FTSE All-Share index is down 0.1% to 2391.42. Building supplier Hanson is facing asbestos liabilities and has had to set aside almost $500m to cover it, so its share price is down 4.5p or 3% to 465p. Emap, the publisher, is also down 15.5p or 2% to 773.5p while Amvescap, the mo...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes