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07/03/2002
Corus regains FTSE place despite trade war fears
Despite growing fears of a transatlantic trade war, Anglo/Dutch steel company Corus has regained a place in the FTSE 100 list of the UK's biggest publicly quoted companies.
Although the firm's shares took a 5 per cent tumble on March 5 after the US announced it was to put a 30 per cent tariff on some steel imports, the company will take the place of drugs group Celltech when the FTSE list is reshuffled on March 18.
In response to the US tariffs, Corus Chief Executive Tony Pedder called on the UK and Dutch governments, as well as the European Commission, to take "immediate decisive action" to respond with equal measures to protect and safeguard the EU steel industry.
He said: "EU and government officials have had several months to prepare their responses since the US announced its intentions. They should not hide behind procedural niceties or technicalities. The EU steel industry and its workforce need action now".
Corus was last in the blue-chip index in September 2000, when a sharp fall in its share price saw it relegated from the FTSE 100.
Corus shares were up 2.25p at 82p in early trading on March 7.
(GB)
Although the firm's shares took a 5 per cent tumble on March 5 after the US announced it was to put a 30 per cent tariff on some steel imports, the company will take the place of drugs group Celltech when the FTSE list is reshuffled on March 18.
In response to the US tariffs, Corus Chief Executive Tony Pedder called on the UK and Dutch governments, as well as the European Commission, to take "immediate decisive action" to respond with equal measures to protect and safeguard the EU steel industry.
He said: "EU and government officials have had several months to prepare their responses since the US announced its intentions. They should not hide behind procedural niceties or technicalities. The EU steel industry and its workforce need action now".
Corus was last in the blue-chip index in September 2000, when a sharp fall in its share price saw it relegated from the FTSE 100.
Corus shares were up 2.25p at 82p in early trading on March 7.
(GB)
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Corus reveals £230m losses for half-year
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Corus reveals £230m losses for half-year
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22 March 2002
EU responds swiftly to US steel tariffs
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EU responds swiftly to US steel tariffs
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05 December 2003
EU claims victory after US scrap steel tariffs
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08 August 2001
Shares drop on the FTSE Index
Tech stocks have contributed to a sharp fall on the main FTSE index. Reaching a drop of over 100 points, the fall has been blamed on US tech giant Cisco Systems reporting an 86 per cent drop in its third quarter profits. As a result all the main UK technology, media and telecoms shares saw falls when trading got underway.
Shares drop on the FTSE Index
Tech stocks have contributed to a sharp fall on the main FTSE index. Reaching a drop of over 100 points, the fall has been blamed on US tech giant Cisco Systems reporting an 86 per cent drop in its third quarter profits. As a result all the main UK technology, media and telecoms shares saw falls when trading got underway.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
