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13/09/2001
Mood of uncertainty surrounds world stock markets
With US stock exchanges closed until Friday at the earliest, the mood of uncertainty is continuing to overshadow Europe's stock markets.
While, the US dollar managed to regain some its strength against other currencies,
many European and Asian investors, who are waiting to discover how American markets will react to the terrorist atrocities, have remained on the sidelines.
Meanwhile, eight media and hi-tech firms have been demoted from the elite club of the UK's top 100 listed companies.
One of those relegated form the FTSE 100 shares index was telecoms equipment maker Marconi, who have been in trouble for some time.
The latest FTSE 100 reshuffle, which is undertaken four times a year, clearly marks the dramatic turnaround in fortunes of the tech sector. At the height of the "new economy" boom last year, nine technology and media stocks were promoted to the index.
However, the collapse of the tech bubble has sent shares in software, dotcom and telecoms companies tumbling to be replacing by a collection of old-guard economy stocks.
Those companies promoted back into the FTSE-100 include Friends Provident and water group Severn Trent. (MB)
While, the US dollar managed to regain some its strength against other currencies,
many European and Asian investors, who are waiting to discover how American markets will react to the terrorist atrocities, have remained on the sidelines.
Meanwhile, eight media and hi-tech firms have been demoted from the elite club of the UK's top 100 listed companies.
One of those relegated form the FTSE 100 shares index was telecoms equipment maker Marconi, who have been in trouble for some time.
The latest FTSE 100 reshuffle, which is undertaken four times a year, clearly marks the dramatic turnaround in fortunes of the tech sector. At the height of the "new economy" boom last year, nine technology and media stocks were promoted to the index.
However, the collapse of the tech bubble has sent shares in software, dotcom and telecoms companies tumbling to be replacing by a collection of old-guard economy stocks.
Those companies promoted back into the FTSE-100 include Friends Provident and water group Severn Trent. (MB)
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10 September 2001
Stock markets worldwide in steady decline
Sparking renewed fears of a global recession share prices continued to fall worldwide, as global stock markets remained in the grip of a steady decline that only looks set to intensify.
Stock markets worldwide in steady decline
Sparking renewed fears of a global recession share prices continued to fall worldwide, as global stock markets remained in the grip of a steady decline that only looks set to intensify.
12 September 2001
Fears of an economic meltdown recede
European stock markets were beginning to show signs of recovering from Tuesday’s plunge triggered by fears that the terrorist attack on the US would lead to a recession.
Fears of an economic meltdown recede
European stock markets were beginning to show signs of recovering from Tuesday’s plunge triggered by fears that the terrorist attack on the US would lead to a recession.
07 September 2001
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
06 August 2003
Pensions deficit tops £55bn for FTSE 100 companies
The combined pension scheme deficit of FTSE 100 listed companies has soared to over £55 billion in the year to July 2003, according to a report published today by actuarial consulting firm Lane Clark & Peacock (LCP). The report says that the estimated deficit equates to 6% of the total market capitalisation of the FTSE 100.
Pensions deficit tops £55bn for FTSE 100 companies
The combined pension scheme deficit of FTSE 100 listed companies has soared to over £55 billion in the year to July 2003, according to a report published today by actuarial consulting firm Lane Clark & Peacock (LCP). The report says that the estimated deficit equates to 6% of the total market capitalisation of the FTSE 100.
05 December 2001
UK interest rates remain unchanged
The Bank of England has left interest rates unchanged at four per cent, in line with analysts' forecasts. The Bank's decision was widely predicted by City analysts, who said that having reduced interest rates by an unexpectedly high 0.5 per cent last month, the Bank was unlikely to cut again this week.
UK interest rates remain unchanged
The Bank of England has left interest rates unchanged at four per cent, in line with analysts' forecasts. The Bank's decision was widely predicted by City analysts, who said that having reduced interest rates by an unexpectedly high 0.5 per cent last month, the Bank was unlikely to cut again this week.
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
