FTSE 100 falls 1.3%

22-07-2008

FTSE 100 falls 1.3%
London lost some of its recent optimism this morning falling 1.36 per cent to 5,330.90 at 9:41 BST.

Vodafone fell 12.93 per cent as it announced a gloomy outlook, while Enterprise Inns fell 12.87 per cent on similar warnings.

Carphone Warehouse fell 6.02 per cent, builders merchant Wolseley fell 5.99 per cent and Thomson Reuters dropped 5.85 per cent.

Meanwhile, commodities and energy held on to gains.

Cairn Energy was up 6.85 per cent, John Wood Group rose 4.73 per cent and platinum producer Johnson Matthey climbed 4.44 per cent on a 22 per cent rise in pretax profits.

Lonmin and BP rose 3.04 per cent and 3.02 per cent respectively.

Last night in New York, the Dow Jones closed down 0.25 per cent and the Nasdaq fell 0.14 per cent.

Sterling this morning rose slightly against the dollar and the euro making £1 worth $2.00365 and €1.25860.


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