Media giant Reuters and defence firm BAE Systems were the chief culprits behind a heavy fall by the FTSE 100 Index today.

The London market saw its recent gains trimmed today by a poor response to results from elite stocks such as media giant Reuters and British Gas owner Centrica.

Gary Keogh, managing director of COLT Telecom Ireland, talks to David Clerkin.

Drinks giant Allied Domecq was leading London shares higher today as investors toasted a takeover by French group Pernod Ricard.

The new boss of telecoms group Colt today mapped out a path to profitability by pledging to become one of the top-three firms in each of its urban markets.

Media stocks were buoying the mood today as the London market made a positive start to the week.

The London market lost some of its new-found momentum today as investors worried about higher interest rates.

Telecoms group Colt saw its stock plunge 28% today as tough market conditions forced it into a profits warning.

The London market gathered momentum today as positive corporate and economic news offset the impact of a profits warning from Sainsbury’s.

In a victory for the US firearms industry, a federal jury cleared 45 handgun manufacturers and distributors of allegations that their marketing practices have stoked violence in black and Hispanic neighbourhoods.

Worries over economic prospects on both sides of the Atlantic sent London shares lower for a second successive session today.

A transatlantic computer virus has been blamed for crippling Internet traffic across the UK, experts said today.

Struggling European telecoms group Colt Telecom is axing another 800 jobs across Europe in an effort to fight the economic downturn, it said today.

Colt Telecom beat analysts expectations in its first quarter results.

Colt Telecom announced its intention to mothball its internet data centre on the Longmile Road in keeping with its increased focus on cost efficiency with a view to reaching profitability by 2004.

Colt Telecom is launching a share issue to raise £400m and hand a majority stake to its largest investor.

The London market was on the back foot today as telecom stocks came under yet more pressure.

New figures show that top chief executives saw their pay packets grow by an inflation-busting 17% last year.

The FTSE-100 Index has surged upwards, making an upbeat start to the week.

Telecom stocks are spearheading a revival in the London market that has added 126.8 points to the FTSE-100 Index.

UK blue chips stayed weak around midday but held off their early morning lows, supported by hopes of a recovery on Wall Street today following a savaging over the past few sessions, although much will depend on February U.S. retail sales data due at 1.30 pm, dealers said.

A bruised market is showing no signs of a rally after yesterday's hammering.

The London Stock Exchange rallied as positive news from the US provided tech and telecom stocks with a much-needed boost.