Internet Demon creates a gremlin for FTSE

The FTSE 100 index is currently flat at 4566 within the first hour of trading and the FTSE All-Share index is flat at 2266. Cable & Wireless lost shed 3.25p or 3.2% to 99.5p while Thus, owner of the Demon internet service provider, plummeted 4.75p or 28% to 12.25p after reporting its fiscal first-half profits will fall as competitors are putting pressure on its pricing margins. In Asia, the Hong Kong Hang Seng index eventually closed up on the week but flat on the day at 13,280 points even though there was a significant share price fall for the region’s largest property developer, Sun...