FTSE follows in Dow's footsteps

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Investors across Europe have been spooked this morning by yesterday's falls in US markets triggered by fears over technology company earnings, and the FTSE 100 index has fallen about 56 points to 4,320.

Amvescap, the financial services firm that does most of its business in the US, is down most by shedding 15p or more than 4% to 315.75p. Barclays is down 12.5p to 447.5p after news up to a quarter of sitting MPs have signed a private members bill to force banks to hand over money in dormant accounts to charity, instead of booking the money as profits. MmO2 is down 2.25p to 86.5p on a ratings downgrade by analysts at CSFB. Prudential is off by 9.75p to 436.75p after failing to give a firmer update on the possible sale of its internet banking subsidiary Egg. Just three FTSE 100 st...

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