Dow Jones dips below 10,000

On Wall Street, the Dow Jones slipped 0.43% to 9,997.69 in early trading after the Commerce Department revealed demand for American manufactured durable goods increased by just 0.3% in July, well below expectations. Meanwhile the FTSE is also in the red and is now 1.03% down at 5,102.94. Oil companies have been among the big losers, with Tullow Oil seeing its share price fall 7.56% to 1199p, despite earlier revealing a 152% increase in pre-tax profits in H1. However, Admiral has seen its share price rise 3.05% to 1518p in the wake of record H1 pre-tax profits of almost £127m and a ...