The FTSE 100 and other major global indices are in sharp decline today on the back of poor US unemployment data.
The Dow Jones slumped 1.43% at 10266.82 in early trading, following news jobless claims rose by 12,000 to 500,000 in the week to 14 August.
However, there were some winners including McAfee whose share price rose 57.67% after Intel announced a $7.68bn takeover bid for the security software group.
The FTSE has slid 1.65% at 5,215.17, while French CAC is currently down 1.96% and Germany's Dax is 1.66% lower.
In London, Inmarsat has been the biggest loser, down 4.69%, following UBS' decision to downgrade its rating.
There was better news for chip maker ARM Holdings, which gained 2.61% to 322.4p, in response to better-than-expected forecasts from sector giant Applied Materials. Outsourcing firm Serco also rose by 2.74% to 563p.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created