Downbeat mood on FTSE floor

Yell lost £800m of its market value today after warning that its Yellow Book business in United States faced intense competition.

Downbeat mood on FTSE floor
Tue, 24 Apr, 2007 - 12:42

Yell lost £800m of its market value today after warning that its Yellow Book business in United States faced intense competition.

Analysts downgraded the stock following the revised revenues guidance, leaving Yell shares 120p lower at 492.5p – a drop of almost 20%.

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CourtsBusinessHeathrowPlace: United StatesPlace: LondonPlace: EuropePlace: SpainPlace: UKOrganisation: FTSEOrganisation: YellOrganisation: Yellow BookOrganisation: AvivaOrganisation: FootsieOrganisation: Norwich UnionOrganisation: AmerUsOrganisation: WhitbreadOrganisation: Alliance BootsOrganisation: KohlbergOrganisation: Terra FirmaOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: PrimarkOrganisation: Associated British FoodsOrganisation: Carphone Warehouse
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