US economy woes lean on FTSE

Blue chip stocks ended the session in negative territory today as concerns over the US economy added to HSBC’s profits gloom.

US economy woes lean on FTSE
Mon, 04 Aug, 2008 - 19:29

Blue chip stocks ended the session in negative territory today as concerns over the US economy added to HSBC’s profits gloom.

The FTSE 100 Index reversed earlier gains after a poor start to trading on Wall Street, closing down 34.5 points at 5320.2.

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<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>

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