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This morning’s terror alert dominates our newslist today and we have taken a number of reporters off normal corporate duties to bring you full coverage. On FT.com we are updating the news as we get it, plus details of the disruption it has caused and travel advice.
The alert is also a business story. The stock market fell this morning with a number of (fairly obvious) stocks being affected. BA shares are the FTSE 100’s biggest faller, down 5½ per cent. EasyJet shares are off 2 per cent. Intercontinental Hotels Group is off 3½ per cent and MyTravel is down a similar amount. BP shares are down a touch on fears of weaker jet fuel use. Other oil stocks, such as Royal Dutch Shell and Cairn, are off a bit as well. Rolls Royce, which makes aircraft engines, saw its shares fall 2 per cent.
In other news, Royal & Sun Alliance has published good first-half results, although the shares fell a bit touch on fears about the health of the UK business and the group’s prospects. International Power released better than expected first-half figures and said it is looking for acquisitions.
We are also checking out an interesting story in the Mail this morning about Isoft urging its staff to stop spending wherever possible. And the Guardian says: “The NHS has admitted it made an upfront payment to healthcare software provider iSoft in the last days of its 2005 financial year. The firm’s auditors found this week that revenues that year were recognised earlier than they should have been. An iSoft spokesman said the payment in April 2005 had related to future revenues from maintenance contract extensions on legacy computer systems.” Earlier this week, the NHS said it would co-operate with fully with the investigation into accounting irregularities.
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