jubilee123
New User
Oct 11, 2006, 8:55 AM
Post #1 of 1
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FTSE down today
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The FTSE went down due to heavy losses incurred by the Oil and Mining sectors. All this activity was going on to lots of reasons, firstly the BT group was having talks with Deutsche Telekom, then there was Wolseley , the plumbing group who got a really good response from the former US Federal Reserve Chairman Mr. Alan Greenspan on the US housing market and then there was BSkyB , the pay TV broadcaster who is speculated to be taken over by a US Mutual Fund.
Then there were others who did badly which dragged the shares down a lot early on.
I feel that the markets will continue this trend through out the day because of a very poor and slow start.
For more news on stocks...
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