Rumours boost Sema and Scoot as the rest decline gently

Cutting interest rates has not led to a wave of enthusiasm on the London Exchange. Partly reflecting the shallow dive on Wall Street last night, technical stocks are drifting lower in early trading. Both the TechMark and the FTSE 100 are down about ten points, with TechMark at 2,631.22 and the FTSE at 6,195.8.

By Ron Coates, 9 February 2001 13:10

NEWS Autonomy is leading the losers and was down three per cent on reports that major shareholder, ENIC is considering selling to concentrate on other interests such as football club, Tottenham Hotspur. Both BT and Colt were off a few points, indicating a dissatisfaction with telcos in general, and with the morass that BT finds itself in after its downgrading by analysts. But even being in trouble can see your stock go up as Sema proved by moving up 19p to 489p on rumours that Schlumberger, or someone, would make a successful bid. In the Internet sector, Scoot.com nipped up 5 to 76p on as rumours of a bid were raised for what seems like the 100th time.

Post your comment

In order to post a comment you need to be registered and logged in.

Log in or create your silicon.com account below

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ