It was a choppy session on Tuesday with the FTSE 100 struggling for direction early on before sinking firmly into the red as concerns of a 'tapering' of stimulus in the US dampened sentiment. [6 Aug '13]
Markets had recovered some lost ground by Tuesday lunchtime following some early falls, as data showed that the UK economic recovery continues to gather momentum and results from banking group Standard Chartered were well received. [6 Aug '13]
Alent suffered a disappointing first half and is holding out the prospect of better news in the second, according to The Times' Tempus column. It was affected by the Chinese new year in the first quarter and the shutdown in that country's electronics industry, which represents about 40 per cent of revenues coming from Asia. The company produces copper damascene that goes into silicon chips, a high margin product representing 5.0 per cent of sales. One unnamed Asian chipmaker [6 Aug '13]
Heavy falls by HSBC, the largest listed company by market capitalisation in London, ensured that the banking sector was the worst performer on Monday, despite some impressive gains from smaller peer Lloyds. [5 Aug '13]
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