Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



3 FTSE Shares Crashing Today

LONDON -- The FTSE 100 (INDEX: ^FTSE  ) is falling back a bit after last week's gains took it above the 5,900 level, and it dropped 43 points to 5,840 points by late morning as confidence in consumer business appears to wane. The reversal appears to have put an end to recent economy-led optimism -- at least for now.

But it's only a relatively small drop compared to some of the falls experienced by individual companies. Here are three from the various indexes that are crashing today.

Mulberry (LSE: MUL.L  )
Mulberry, the purveyor of fashionable handbags and other leather goods, crashed by 25% to 996 pence today after the firm issued a profit warning. International sales, we were told, "have not met our expectations for the first half of the year," largely due to a slowdown in demand in Asian markets.

Sales growth for the year is now likely to be below current market expectations, and profit is forecast to come in lower than last year's.

Chemring (LSE: CHG.L  )
Shares in aerospace and defense engineer Chemring Group fell 8% to 319 pence this morning after the resignation of chief executive David Price was announced. Price will be replaced by Mark Papworth, formerly an executive director at Wood Group.

With Papworth having prior experience in turnaround situations, the move has cast doubt on the potential takeover of Chemring by American equity investment firm Carlyle.

It's a shock when company shares slump like these two have, and one of the best long-term strategies for minimizing the pain is to invest in solid, dividend-paying shares. That's ace investor what Neil Woodford does, and the free Motley Fool report "8 Shares Held By Britain's Super Investor" takes a look at his strategy. Click here for your copy.

Capital Drilling (LSE: CAPD.L  )
Capital Drilling, which provides drilling and exploration services to exploration and mining companies, slumped by 15% to 40 pence on the release of an interim statement that revealed performance below market expectations.

Belt-tightening by some of the firm's big mining clients was blamed as the main cause, though problems with industrial action in Egypt and a weak performance in Tanzania also contributed to its problems.

Getting riches out of the ground is a risky business, and the new Motley Fool report "How To Unearth Great Oil & Gas Shares" offers some insight into it. The report is free for a limited time, so click here to get your personal copy.

Further Motley Fool investment opportunities:

Alan does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2069994, ~/Articles/ArticleHandler.aspx, 10/22/2016 3:54:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 18 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 11:35 AM
^FTSE $7020.47 Down -6.43 -0.09%
FTSE 100 CAPS Rating: No stars