Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/money/article/a427441
Pressure on the pound after more signs the recovery is slowing
Shares tread water as falling house prices and slowing growth in the construction sector suggest the pace of UK economic growth peaked in the second quarter.
Markets
by Deborah Hyde on Sep 02, 2010 at 10:50
M&A speculation continued to be a focus in the stock market with Autonomy 4.6% higher on hopes that either Oracle or Microsoft may be interest in buying the software group.
But gold miners were weighed down by broker caution. Citigroup analysts downgraded African Barrick Gold to 'hold' from 'buy' and shares led the pack lower, down 15.5p to 602p.
Arm Holdings led the fallers, down after a downbeat note from JP Morgan Cazenove and as Panmure Gordon cut its target price on the chip maker to 265p from 275p and repeated its 'sell' view.
Dixons owner DSG International added 0.3p to 25.61p, rebounding from recent lows after TV sales boosted revenues.
More about this:
More from us
- UK economy grows even faster than previous estimate
- Dixons post unimpressive numbers despite World Cup boost
- House price fall picks up pace – Nationwide
1 comment so far. Why not have your say?
John Pickford
Sep 02, 2010 at 17:27
What a load of doom & gloom merchants, why are they always talking the value of the pound down don't they realise that the USA and the Euro zone have far bigger problems than the UK to still address at least our coalition government appears to be taking the right fiscal action.
report thisleave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.