Growth figure limits FTSE losses
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London equities stayed in neutral gear on Friday, after news of stronger-than-expected third quarter GDP growth dashed hopes of an interest rate cut in November.
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The FTSE 100 closed lower today, hit by profit taking after breaching the 6,000 level this morning, with a reversal in commodity stocks and an uncertain start by Wall Street making investors nervous ahead of the weekend.
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The FTSE was trading higher on Thursday afternoon despite a sharply lower open on Wall Street.
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London equities fell in opening trade on Wednesday, after Northern Rock&#39;&#39;s latest guidance on full year profit growth dipped below analysts&#39; forecasts, adding to concern about a slowing housing market.
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Blue chips closed lower off highs as Wall Street remained lower with interest rate sensitive sectors such as retailers bearing the brunt of the falls with a disappointing update from DSG International helping to weigh down the FTSE 100.
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The FTSE 100 could not hold ground above the 6,200 mark on Wednesday, as Wall Street stocks edged higher in choppy trading.
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The FTSE 100 index closed comfortably higher thanks to robust earnings from Reuters and Reckitt Benckiser, although British blue-chips ended below their best levels after a mixed morning on Wall Street.
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Steady but unspectacular growth might leave investors wanting a bit more kick.
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The FTSE 100 index of leading shares hardly changed as investors traded cautiously following a three-day slump in global equities.
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Leading shares have closed modestly higher, after a volatile afternoon session, with the FTSE 100 just hanging on to the 5,900 level.
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The FTSE 100 on Monday suffered its biggest one-day fall since the attacks on the World Trade Centre more than six years ago as the worst fears about the prospects for the global economy took hold.
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Financial stocks dragged London's FTSE 100 back below the 6,000 level on Tuesday   after US service sector data intensified fears of US recession.
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The London Stock Exchange issued a bullish profit forecast and pledged a dividend hike on Tuesday as it urged shareholders to reject a 2.7-billion-pound ($5.27-billion) hostile bid from U.S. rival Nasdaq.
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The FTSE 100 took advantage of a bouyant utility sector to stage a late fightback and recoup some of its early losses.
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London's FTSE 100 index and the CAC 40 in Paris are Wednesday trading at levels below those seen at the end of 2006.
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Business description, 3yr and interim financials, key stats/ratios & analysis. LONDON  - The FTSE 100 is expected to open flat as investors weigh the economic consequences of mounting energy costs and ...
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LONDON : Just two years ago it was losing over one million pounds (1.4 million euros, 1.9 million dollars) every day. Now, after slashing over 30,000 jobs, raising postage prices and ending twice-a-day deliveries