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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Shares in drug companies were also hit by the news that the German drugmaker Bayer has withdrawn its cholesterol lowering drug Baycol because of worries over side effects.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Shares in drug companies were also hit by the news that the German drugmaker Bayer has withdrawn its cholesterol lowering drug Baycol because of worries over side effects.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.
21 June 2002
Musgrave Group offers £175m to acquire Budgens
Musgrave Group, Ireland’s largest food distributor, has announced a £175million (275 million euro) offer to buy up the remaining shares in Budgens. The agreed deal will see Musgrave offer of 135 pence (Sterling) per share to the shareholders of Budgens to acquire the outstanding shares in that company that it does not already own.
Musgrave Group offers £175m to acquire Budgens
Musgrave Group, Ireland’s largest food distributor, has announced a £175million (275 million euro) offer to buy up the remaining shares in Budgens. The agreed deal will see Musgrave offer of 135 pence (Sterling) per share to the shareholders of Budgens to acquire the outstanding shares in that company that it does not already own.
03 April 2002
First Derivatives successfully floated on AIM market
Newry-based company First Derivatives (FD) have successfully floated as a publicly listed company on the AIM market. The company, which provides bespoke software for the banking industry, have begun trading on the market after it exceeded the £1 million minimum subscription take-up requirement.
First Derivatives successfully floated on AIM market
Newry-based company First Derivatives (FD) have successfully floated as a publicly listed company on the AIM market. The company, which provides bespoke software for the banking industry, have begun trading on the market after it exceeded the £1 million minimum subscription take-up requirement.
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.
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Northern Ireland WeatherThis Evening and Tonight:This evening will be cloudy with outbreaks of rain, these clearing away towards midnight. Then the rest of the night will be dry with clear periods. Minimum temperature 12 °C.
