THE chairman and chief executive of the Laing O’Rourke group, Mayo-man Ray O’Rourke is stepping down from his role as chairman of London Olympics delivery partners, CLM.

Technology-based stocks took a battering today after a profits warning from bluetooth chip maker CSR.

London’s leading shares bounced back into positive territory today with drinks can maker Rexam spearheading the recovery.

British housebuilder George Wimpey soothed nerves over the impact of higher interest rates today as it unveiled a 29% rise in half-year profits to £158.5m (€239m).

London shares lost most of their gains today as US investors brushed aside upbeat economic news in favour of profit-taking.