The benchmark FTSE 100 index fell 25.50 points or 5% to 5379.60 after Invensys Plc, the maker of fact...
The benchmark FTSE 100 index fell 25.50 points or 5% to 5379.60 after Invensys Plc, the maker of factory controls, announced that it would not meet its first half profit by 20%. The Techmark 100 slipped 6.73 points to 1514.4 and Invensys stock slumped by 25%. There are talks of a recession in the UK as the strength of the pound takes its toll. As a result, the UK bond market is looking prospective with expectation of a rise in notes amid anticipation of a rate cut. Pressure is mounting on the Bank of England to sell Sterling for euros so as to weaken the pound and boost exports. Th...
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