The FTSE 100 Index was close to its opening mark today after fears over slowing economic growth in the US put European markets under early pressure.

An engineering company responsible for wiring many of the UK’s best-known developments today warned that its profits would fall short of hopes.

Progress by telecoms and oil stocks helped the FTSE 100 Index reverse a recent losing streak today.

The Footsie-100 Index is down 10.5 at 4424.2 in early trading.