Footsie fails to hold on to early gains

Early gains on the Footsie 100 index have evaporated by mid-morning, leaving it down 19.4 points at 5389.3.

Footsie fails to hold on to early gains
Thu, 23 Aug, 2001 - 12:45

Early gains on the Footsie 100 index have evaporated by mid-morning, leaving it down 19.4 points at 5389.3.

The telecoms sector is again bearing the brunt, with Colt Telecom off 10p at 218p; Telewest Communications off 2¾p at 61p; BT dropping 5p to 543p; Cable & Wireless shedding 1p at 319p; and Energis falling 1½p at 75p.

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