08/08/2001
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.
Telecoms equipment maker Marconi and tech firms ARM Holdings and Misys were among the companies suffering.
Vodafone's shares dropped five per cent cutting 21 points off the FTSE 100 index alone.
Shares in drug companies were also hit by the news that the German drugmaker Bayer has withdrawn its cholesterol lowering drug Baycol because of worries over side effects.
GlaxoSmithKline's shares slid more than two per cent as it co-markets Baycol with Bayer in the United States. (GB)
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.
Telecoms equipment maker Marconi and tech firms ARM Holdings and Misys were among the companies suffering.
Vodafone's shares dropped five per cent cutting 21 points off the FTSE 100 index alone.
Shares in drug companies were also hit by the news that the German drugmaker Bayer has withdrawn its cholesterol lowering drug Baycol because of worries over side effects.
GlaxoSmithKline's shares slid more than two per cent as it co-markets Baycol with Bayer in the United States. (GB)
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08 August 2001
Cisco’s massive drop in profits triggers FTSE fall
Internet networking giant Cisco has reported an 86 per cent drop in earnings. The results were revealed as part of the company’s third quarter profits and were in line with analyst forecasts.
Cisco’s massive drop in profits triggers FTSE fall
Internet networking giant Cisco has reported an 86 per cent drop in earnings. The results were revealed as part of the company’s third quarter profits and were in line with analyst forecasts.
15 November 2001
No decision from non-members but OPEC agree cut
Oil production cartel, the Organisation of Oil Producing Countries (OPEC), have conditionally agreed a production cut of 1.5m barrels a day following a 30 per cent drop in oil prices since September 11.
No decision from non-members but OPEC agree cut
Oil production cartel, the Organisation of Oil Producing Countries (OPEC), have conditionally agreed a production cut of 1.5m barrels a day following a 30 per cent drop in oil prices since September 11.
04 January 2002
UK shares optimism fuels hopes of global economy turnaround
The London shares markets were attributed with fuelling hopes of a turnaround in the global economy as the wave of optimism heightened hopes of a recovery. Firmer trading in technology, media, and telecoms stocks pushed up expectations amid light shares trading on Friday, January 2. The FTSE-100 had risen by around 0.
UK shares optimism fuels hopes of global economy turnaround
The London shares markets were attributed with fuelling hopes of a turnaround in the global economy as the wave of optimism heightened hopes of a recovery. Firmer trading in technology, media, and telecoms stocks pushed up expectations amid light shares trading on Friday, January 2. The FTSE-100 had risen by around 0.
09 October 2001
Marks & Spencer record first sales increase in three years
UK retailer Marks and Spencer have recorded a 2.8 per cent increase in the second quarter of its financial year. The latest figures are being interpreted in some quarters as the first sign of a turnaround in the retailer's fortunes after shares reached a 10-year low in 2000.
Marks & Spencer record first sales increase in three years
UK retailer Marks and Spencer have recorded a 2.8 per cent increase in the second quarter of its financial year. The latest figures are being interpreted in some quarters as the first sign of a turnaround in the retailer's fortunes after shares reached a 10-year low in 2000.
25 September 2001
TBI bid is dropped by Vinci
French construction giant Vinci has announced its offer for TBI, the owners of Belfast International Airport, has lapsed after TBI shareholder acceptances fell below the 90 per cent level needed for the deal to go ahead. In a press statement Vinci stated that as of 3.
TBI bid is dropped by Vinci
French construction giant Vinci has announced its offer for TBI, the owners of Belfast International Airport, has lapsed after TBI shareholder acceptances fell below the 90 per cent level needed for the deal to go ahead. In a press statement Vinci stated that as of 3.
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