FTSE 100 endures lacklustre day on back of US tech results


Following a strong run on Thursday, where the FTSE 100 reached a near two-month high, the UK’s benchmark index pulled back on Friday.

The index finished 3.69 points down on the day to close at 6,630.67 as disappointing results from US tech giants including Google and Microsoft prompted some profit taking.

Among the biggest fallers over the day on the UK’s leader board were tech group Arm Holdings off 3 per cent at 897.5p, while chemical giant Croda International shed 2 per cent to finish at 2,552p.

The London Stock Exchange Group – Thursday’s highest riser on the UK’s topflight index, after announcing expectation beating first quarter revenues, shed some of its gains on Friday after loosening 2 per cent to close at 1,561p while TUI Travel, also loosened 2 per cent to 367.1p.

Vodafone, announced a drop in underlying service earnings as the downturn in Europe hurt revenues but still managed a 1 per cent rise to 193.85p.

Drink dispenser and air conditioning group IMI, was among the day’s top risers, with a 2 per cent rise to 1,400p after the Citigroup issued a favourable view of the stock. Also 2 per cent up were, International Consolidated Airlines and BT Group, closing at 288.9p and 338.1p respectively.