LONDON -- The FTSE 100 (UKX) continued its disappointing slide this week, dropping a further 14 points to 5,762 points, following on from a 100-point slump on Wednesday in response to U.S. market fears and a lowering of European economic forecasts.
Some individual companies are having a bad day, too. Here are three that are falling.
Broker Tullett Prebon
The firm has also faced a further 7 million pounds in costs related to legal actions, taking the total bill to 13.9 million pounds. The shares are now down a third from their high point this year of 357 pence.
The share price had already doubled over the past 12 months, so maybe this is another example of what happens when performance of a growth share does not beat expectations, as everyone seems to expect it to.
Britain's ace investor Neil Woodford avoids the risks of growth shares by not buying them. Instead, he goes for top-quality companies with dependable long-term dividend records. And he's beating the FTSE in the process.
Otherwise, things were generally fairly flat at the third-quarter stage, though cash flow did fall by 21% at actual exchange rates (11% at constant 2011 rates).
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