London loses on recent market gains
by Brian Turner
By mid-day on Monday in London, the FTSE 100 had gone down by 1.7 percent to 4,809.1 and the FTSE 250 had fallen 2.3 percent to 6.922.6.
Every single FTSE 100 stock began the day down and by mid-morning on one, the television group ITV, had managed to post a gain; it was up 0.2 percent.
Technology stocks were down following IBM’s bad news on earnings. Sage Group was down 3.7 percent, 3i Group had fallen 2.9 percent, and communications group Spirent was down 5.5 percent.
Crude oil prices were also down, and with them shares in the energy sector. BP fell 1.8 percent, Shell was down 1.7 percent, Burren Energy was off by 5.4 percent, Tullow Oil fell by 4 percent, and Dana Petroleum was down 4.6 percent.
Asset managers and life assurers were also down substantially. Amvescap fell by 4.2 percent, Royal & Sun Alliance was down 2.5 percent, and Man Group had dropped 3.4 percent by mid-day.
Discuss this in the Finance Markets forums
Story link: London loses on recent market gains
Add to Bookmarks:
Related financial stories to: London loses on recent market gains
- Wall Street gains after recent declines
- British Energy loses big, BT Group wins big in London
- FTSE recovering on recent losses
- Royal Dutch Shell, BP down on recent oil price declines
- Gains on Friday leave London markets short on week
- London markets recover
- Miners see gains in London
- Trade volumes low in London again
- London: midday trading fitful
- Publishers see gains in London
Tags:
Previous: « European markets fall on economic fears and poor company performance
Next: Speculation focuses on safer currencies »
Visited 472 times, 1 so far today
