Tech falls erase FTSE gains

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Slumping technology giants erased gains on both sides of the Atlantic on Thursday.

In the UK, BT Group, which had earlier warned of a profits hit on its Global Services division, lost 10%, while Vodafone Group also struggled. At shortly before 3pm, London's blue-chip index, having earlier risen by as much as 2.3%, had fallen to a slim gain of just seven points, or 0.19%. Lloyds Banking Group, which had climbed 15% earlier on Thursday, fell back a little to 51p, a gain of 14%, but Royal Bank of Scotland (RBS) and Barclays, both early movers, fell out of the reckoning. However, Standard Chartered, up 6%, Standard Life and Cairn Energy, both up 4%, were having positive...

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