Shares dip in wake of US falls

Shares in London are edging downwards, with the FTSE-100 index of top shares losing 14.9 points in early trading.

Shares in London are edging downwards, with the FTSE-100 index of top shares losing 14.9 points in early trading.

The Footsie now stands at 5737.7, though further losses seem likely in the wake of a poor performance on Wall Street overnight.

There, the Dow Jones Industrial Average was 1.7% lower while the tech-dominated Nasdaq Composite lost 3.6%.

Telecoms and technology stocks are bearing the brunt of the drop in confidents, with Spirent down 10p at 203p, while Dimension Data is off 7p at 293p and Logica is down 12p at 845p.

With investors taking refuge in defensive stocks such as financial services, CGNU is ahead 4p at 923p, Prudential has gained 12p at 835p and Barclays has picked up 8p at £22.55

British Airways, which announced the sale of low-cost airline Go late yesterday afternoon, has gained 3p at 335p today.

Go's new owner, venture capital group 3i, has lost 17p at £11.74.

more courts articles

Man admits killing Irish pensioner (87) on mobility scooter in London Man admits killing Irish pensioner (87) on mobility scooter in London
Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court

More in this section

The European Central Bank skyscraper in the city of  Frankfurt Main, Germany ECB firmly behind June rate cut but views diverge on July
Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited