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Pearson slides in FTSE downturn | |
(about 4 hours later) | |
(Noon): London's leading shares dipped lower in Friday morning trading, led downwards by publisher Pearson. | |
The firm, which owns the Financial Times, fell 2.9% after revealing a 6% fall in sales in the first nine months of 2014. | |
Telecoms group BT was another loser, shedding 2.1% following a broker downgrade. | |
By lunchtime, the benchmark FTSE 100 index was down 21.64 points, or 0.34%, at 6,397.51. | |
Troubled supermarket chain Tesco, which was the biggest faller on the index on Thursday, shed a further 1.8% on Friday morning. | |
On Thursday, the firm announced chairman Sir Richard Broadbent would leave after the firm revealed a bigger-than-forecast hole in profits. | On Thursday, the firm announced chairman Sir Richard Broadbent would leave after the firm revealed a bigger-than-forecast hole in profits. |
On the currency markets, the pound was up slightly against the dollar, at $1.6040, and against the euro, at €1.2680. | |