Mobile phone maker Nokia shocked European markets today by failing to meet quarterly sales estimates, helping send the FTSE down 7.90 points to 4,472.80 by the close.
Sage led the FTSE tech brigade down, shedding 7.5p to 178p. Hays paid the price for being associated with mobile phone clients of its recruitment services, closing down 4p at 125.5p. Antagofasta, the Chile-based copper miner, dropped 36p to 1,044p after investors fretted about commodities suppliers boosting output beyond demand. Xstrata followed suit, down 24.5p to 719p. British Airways lost 5.75p to 298.25p after Australian carrier Quantas, in which it has a 19% stake, announced plans to launch a low-cost airline in Southeast Asia. ITV dropped 2.25p to 128.25p after addition...
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