The UK technology sector took another battering today and share prices turned from blue to red after...
The UK technology sector took another battering today and share prices turned from blue to red after CMG issued a profits warning with a knock-on effect for the entire FTSE market. The FTSE 100 benchmark index lost 87.4 points or 1.7% to 5116 following an announcement from Anglo-Dutch firm CMG said second-half revenue from computer services in the UK will fall thanks to worsened business conditions last month. Given that there is little to lift the markets at present, CMG hit all sectors because they have had either cancelled or postponed orders from the insurance, personal finance, t...
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