Menu
18/10/2001
FTSE dives as anthrax fears hit home
The FTSE, along with other European shares, dipped sharply as concern heightened that the anthrax scares would dent consumer and investor confidence.
In early trading the FTSE plunged 100 points to wipe over 2 per cent of share values, but mid-morning trading saw a firming of the market throughout the day as the FTSE-100 hovered at around the 5100 point level.
Analysts blamed the spate of anthrax scares for fuelling the sustained drop in share prices. US authorities have identified a high-grade strain of the bacterium that although not a weapons grade hardened strain was nonetheless potentially hazardous.
Analysts said that the scares and the anthrax outbreak in the US had scared away investors who were already concerned about the future of technology and those companies that were heavily reliant on US sales for their revenue streams.
Wednesday’s trading on the New York stock exchange saw the Dow Jones dip sharply in the last hour of trading to close down 151 points to finish at 9232 on the day. The NASDAQ too dipped in the last hour to close down 75 points at 1646. (SP)
In early trading the FTSE plunged 100 points to wipe over 2 per cent of share values, but mid-morning trading saw a firming of the market throughout the day as the FTSE-100 hovered at around the 5100 point level.
Analysts blamed the spate of anthrax scares for fuelling the sustained drop in share prices. US authorities have identified a high-grade strain of the bacterium that although not a weapons grade hardened strain was nonetheless potentially hazardous.
Analysts said that the scares and the anthrax outbreak in the US had scared away investors who were already concerned about the future of technology and those companies that were heavily reliant on US sales for their revenue streams.
Wednesday’s trading on the New York stock exchange saw the Dow Jones dip sharply in the last hour of trading to close down 151 points to finish at 9232 on the day. The NASDAQ too dipped in the last hour to close down 75 points at 1646. (SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
18 October 2001
Retail sales report reveals spending slowdown
The latest report on retail sales shows that High Street sales growth slowed in September. The monthly report produced by the UK Office of National Statistics (ONS) revealed that sales grew by a modest 0.2 per cent on the August figures and were up 5.9 per cent on the same period last year.
Retail sales report reveals spending slowdown
The latest report on retail sales shows that High Street sales growth slowed in September. The monthly report produced by the UK Office of National Statistics (ONS) revealed that sales grew by a modest 0.2 per cent on the August figures and were up 5.9 per cent on the same period last year.
06 September 2001
FTSE drops to three-year low
As the FTSE 100 index of leading UK shares dropped to a three-year low of 5,191.6 in Thursday afternoon trading the American Dow Jones showing signs of immediate nervousness on opening. The reaction came as stock markets throughout Europe plunged to greater depths.
FTSE drops to three-year low
As the FTSE 100 index of leading UK shares dropped to a three-year low of 5,191.6 in Thursday afternoon trading the American Dow Jones showing signs of immediate nervousness on opening. The reaction came as stock markets throughout Europe plunged to greater depths.
29 May 2013
Belfast Company Wins £400k Contract
A Northern Irish supplier of musical instruments has secured a £400,000 contract in Brazil this week, following Enterprise Minister Arlene Foster's trade mission to the country. Belfast-based IBC Trading Ltd. were in discussions with a company called Giannini, which makes traditional musical instruments.
Belfast Company Wins £400k Contract
A Northern Irish supplier of musical instruments has secured a £400,000 contract in Brazil this week, following Enterprise Minister Arlene Foster's trade mission to the country. Belfast-based IBC Trading Ltd. were in discussions with a company called Giannini, which makes traditional musical instruments.
01 March 2002
Trinity Mirror to make second wave of job cuts in a year
Leading UK newspaper publisher, Trinity Mirror has announced plans to shed 300 jobs within the group. The news came as the company reported a near five per cent rise in turnover for the 12 months to December despite what it described as one of the toughest trading periods in its history.
Trinity Mirror to make second wave of job cuts in a year
Leading UK newspaper publisher, Trinity Mirror has announced plans to shed 300 jobs within the group. The news came as the company reported a near five per cent rise in turnover for the 12 months to December despite what it described as one of the toughest trading periods in its history.
21 September 2001
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
-
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.
