Menu
28/08/2001
London FTSE dips on news of weak US consumer data
The London stock exchange’s FTSE 100 share index took a dive on Tuesday afternoon as the market reacted to news that US consumer confidence data was weaker than analysts expected.
The US data revealed that consumer confidence was at a four-month low.
A slight recovery in telecommunications and tech stocks was offset by reduced share prices for banks, but software shares showed signs of growing pressure ahead of concern about interim results from CMG. Market analysts are braced for news that CMG may be about to announce that half-year profit has nose-dived by up to 25 per cent, as mobile text messaging growth slows.
CMG stock was sitting down 10 per cent at around 217 pence a long way from its early 2000 high of £17.
Shares in CMG’s UK competitor Logica also shed around seven per cent to 688 pence by mid afternoon.
However, by late afternoon the FTSE 100 was showing signs of rallying slightly from a mid-afternoon low of just under 5442 points (SP)
The US data revealed that consumer confidence was at a four-month low.
A slight recovery in telecommunications and tech stocks was offset by reduced share prices for banks, but software shares showed signs of growing pressure ahead of concern about interim results from CMG. Market analysts are braced for news that CMG may be about to announce that half-year profit has nose-dived by up to 25 per cent, as mobile text messaging growth slows.
CMG stock was sitting down 10 per cent at around 217 pence a long way from its early 2000 high of £17.
Shares in CMG’s UK competitor Logica also shed around seven per cent to 688 pence by mid afternoon.
However, by late afternoon the FTSE 100 was showing signs of rallying slightly from a mid-afternoon low of just under 5442 points (SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
25 May 2004
Profits edge up though M&S recovery 'falters'
Marks & Spencer profits have shown a slight rise, but the company has conceded that the anticipated turnaround by the group has faltered. Pre-tax profits were up by 0.5% to £763.2 million, which was a little better than analysts had been forecasting for the retail chain group.
Profits edge up though M&S recovery 'falters'
Marks & Spencer profits have shown a slight rise, but the company has conceded that the anticipated turnaround by the group has faltered. Pre-tax profits were up by 0.5% to £763.2 million, which was a little better than analysts had been forecasting for the retail chain group.
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.
02 February 2004
ITV shares begin trading on London Stock Exchange
ITV plc, the company formed on the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares concluded on Friday's close, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
ITV shares begin trading on London Stock Exchange
ITV plc, the company formed on the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares concluded on Friday's close, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
31 August 2001
Dow Jones closes at five-month low
The Dow Jones has closed below the 10,000 level for the first time in nearly five months, at 9963.3. The result was further gloomy news on the economy for US companies and pulled Asian markets down in their stead, exacerbating the trend set by fresh waves of gloomy economic data from Pacific nations.
Dow Jones closes at five-month low
The Dow Jones has closed below the 10,000 level for the first time in nearly five months, at 9963.3. The result was further gloomy news on the economy for US companies and pulled Asian markets down in their stead, exacerbating the trend set by fresh waves of gloomy economic data from Pacific nations.
17 September 2001
Share prices plunge as New York Stock Exchange reopens
Share prices have fallen rapidly on Wall Street after the New York Stock Exchange and the Nasdaq re-opened for the first time since last week’s terrorist attacks on the World Trade Center buildings. The Dow Jones Industrial Index dropped below the 9,000 points barrier, shedding 225 points, and the Nasdaq dropped over 100 points.
Share prices plunge as New York Stock Exchange reopens
Share prices have fallen rapidly on Wall Street after the New York Stock Exchange and the Nasdaq re-opened for the first time since last week’s terrorist attacks on the World Trade Center buildings. The Dow Jones Industrial Index dropped below the 9,000 points barrier, shedding 225 points, and the Nasdaq dropped over 100 points.
-
Northern Ireland WeatherThis Evening and Tonight:Another dry and mainly cloudy evening and overnight period, likely cloudiest towards coastal Down and Antrim. It will be a mild night in most places but a little colder where skies become clearer. Minimum temperature 7 °C.
