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Monday morning blues for Footsie

The FTSE-100 Index has slipped back in early trading in the wake of Friday's 265-point fall by the Dow Jones Industrial Average.

The Footsie is off 30.5 points at 6495.5 but that is only an indicative number because FTSE International have suffered a glitch in calculating the precise level.

The glitch has happened as the most recent review of the Index's members comes into effect.

Companies joining the Footsie have lost ground with Scottish & Newcastle Breweries down 12p to 550p, technology firm Bookham down 90p to #34.10 and distributor Ocean Group down 25p to #10.75.

But the tech companies dumped from the top flight index have fared better.

Hand-held computer firm Psion has surged up 85p to 595p and Baltimore has risen 59p higher to 509p.

Internet software firm InterX has also jumped, gaining 100p to #13.62 after announcing Phil Crawford, formerly of international computer services group EDS is joining as chief executive.

Meanwhile electronics and computer technology company Scipher has jumped 45p to 545p after announcing a strong set of maiden figures following its flotation in February.

Property group Liberty International has put on 13p to 535 after announcing it is offering 575p a share for the near 30 per cent stake in its business held by South Africa's Standard Bank. Standard had already agreed to sell the stake for around 520p to Liberty's rival British Land, up 1p to 398p.

Last updated: 09:24 Monday 19th June 2000.

http://www.ananova.com/news/story/business_9am-market-report-uk_146367.html

-- (Dee360Degree@aol.com), June 19, 2000