Shares fall after poor US news

The FTSE-100 Index has fallen 53.4 points after downbeat statements in the US from Compaq and software group Oracle. It now stands at at 5675.8.

Shares fall after poor US news
Fri, 16 Mar, 2001 - 11:31

The FTSE-100 Index has fallen 53.4 points after downbeat statements in the US from Compaq and software group Oracle. It now stands at at 5675.8.

Compaq said it planned to cut 5,000 jobs worldwide, while Oracle reported the downturn in IT spending had been worse than expected.

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