FTSE lower after WPP misses forecasts
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London equities fell in opening trade on Friday, with WPP the biggest faller after the advertising agency's third quarter numbers missed forecasts.
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World stocks edged lower on Tuesday while Wall Street was set for a weaker open as investors remained cautious over the health of the U.S. economy after a fallout in U.S. risky mortgages and credit turmoil.
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London shares traded sharply lower on Wednesday as investors cautiously awaited Fed Chairman Ben Bernanke&#39;s semi-annual testimony to Congress and Tate &amp; Lyle led FTSE fallers after posting flat profits.
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FTSE 100 drops more than 200 points, adding to yesterday's biggest fall since 9/11
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UK blue chips closed lower on Friday, reflecting a weak showing on Wall Street as disappointment over earnings reports prompted a pull-back after yesterday&#39;s historic close above the 14,000 level for the first time, but with Friends Provident a major gainer on bid speculation.
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UK blue chips closed lower Thursday having spent much of the afternoon tracking Wall Street which was unsettled by rising oil prices and mixed economic data, but overall were subdued amid ongoing interest rate concerns at home.
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London shares closed lower as M&amp;A hopes surrounding AWG and John Laing were offset by a weaker Wall Street which saw investors unsettled after a surprise rise in import prices.
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The pound was also lower against both the dollar and the euro after a string of weak economic data in the morning.
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Leading shares have closed over 150 points lower after weak ISM data reignited fears about the state of the US economy, weighing heavily on Wall Street and particularly hitting the UK's retail sector and housebuilders.
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Leading shares closed lower after Marks and Spencer lost nearly 20 percent of its value after revealing it had endured its worst quarterly performance in several years, while BP was on the back foot after analysts slashed forecasts.
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Leading shares ended weaker, with the FTSE 100 index drifting back below the 4,700 level as the impact of Wall Street's early rally was tempered by a rise in Brent crude to 50 dollars a barrel for the first time, and by weakness in supermarket giant Sainsbury following yet another profit warning, dealers said.
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The FTSE's rally appeared to petering out by midday on Friday after US futures took a sharp turn lower.
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UK blue chips closed lower, off the day's highs, with a weak start on Wall Street, ahead of Thursday's Thanksgiving holiday, and fading bid hopes at ITV weighing on market sentiment, dealers said.
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Leading shares closed weaker, albeit off session lows, as Wall Street remained weak amid continued investor concerns over fresh highs in crude oil prices, with construction materials firm RMC shining out from the gloom after agreeing to a 2 billion pound takeover, dealers said.
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UK blue chips have closed lower, with a cautious morning by Wall Street and sliding commodity stocks outweighing another scattering of M&amp;A stories and pulling the FTSE 100 back from Friday's six-year highs.
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Leading shares closed weaker but off lows today as Wall Street tested new highs close to the 14,000 level as some better than expected US earnings news offset a mixed US PPI report, with inflation concerns paramount in London after above-forecast CPI numbers.
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The FTSE 100 closed lower, weighed down by a weak mining sector and disappointing trading news from Standard Chartered, although a positive morning by Wall Street helped British blue-chips finish above session lows, dealers said.