A profits warning from Intel after the close of US markets overnight has sent European stock markets lower this morning, and helped push the FTSE down about 28 points to 4,328.
Some 90 stocks in the index are currently showing losses. Morrison, the supermarket chain, is down most after losing 4.5p to 188.5p as investors continue to run scared of the sector and this company’s loss-making acquisition of Safeway stores. Antofagasta, the London-listed Chilean copper miner, is down 22.5p to 977.5p after Deutsche Bank lowered its forecast for copper prices next year. ICI is down 4.5p to 211p after an analyst downgrade of the company’s earnings prospects. BT is down another 2.5p to 190p after yesterday’s analyst downgrade and criticism by Cable & Wireless ove...
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