|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Wednesday 09th of February 2011
April 18, 2005    

London loses on recent market gains

Bookmark and Share

by Brian Turner
London loses on recent market gains

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

Related financial stories to: London loses on recent market gains:
Previous: «
Next: »

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Visited 922 times, 2 so far today