FTSE falls on back of technology slump

London’s FTSE 100 Index sank to a new three-month low today as fears of a technology slowdown continued to weigh on investors.

Mon, 18 Apr, 2005 - 18:22

London’s FTSE 100 Index sank to a new three-month low today as fears of a technology slowdown continued to weigh on investors.

News of a 79% fall in profits from Dutch electronics giant Philips compounded the damage caused by Friday’s slump in New York, leaving markets across Europe in the red.

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CourtsBusinessHeathrowPlace: LondonPlace: New YorkPlace: EuropePlace: USPlace: AtlanticPerson: Hilary CookOrganisation: PhilipsOrganisation: FootsieOrganisation: IBMOrganisation: Barclays Stockbrokers
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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