Falls for FTSE

Telecoms giant Cable & Wireless added to the London market’s recent woes today after reporting a sharp slowdown in sales at its UK retail business.

Falls for FTSE
Fri, 07 Oct, 2005 - 12:39

Telecoms giant Cable & Wireless added to the London market’s recent woes today after reporting a sharp slowdown in sales at its UK retail business.

The heavyweight stock lost almost 17% of its market value as it also warned the process of gaining regulatory approval for its £700m (€1bn) deal to buy Energis looked set to take longer than expected.

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