Well the FTSE started off OK then turned down then went further down - down 15 at the moment at 6229.
The reason being the DOW futures turned negaive, so we followed - no surprise there, the DOW futures turned negative allegedly because the Yen started moving up and also more bad news regarding the US subprime mortgage sector, although it was not unexpected, but nervousness abounds apparently.
Re. FTSE stocks - PLM up another 25% (another one that got away !) - PXC (Pipex) has put itself up for sale but it seems no-one was listening as the price has fallen back to 13.5p even though they are looking for a price of between 16 and 22p.
IMG could be another one to watch as SAAD INVESTMENTS COMPANY LIMITED has just bought another million shares - increasing its stake to over 14%
Bid rumours around ICI apparently, Collins Stewart repeated its 'buy' stance with a raised target of 550p (up 6% to 492p at the moment), they are now factoring in a 50% chance of a bid, possibly by Akzo.
So we now await the US opening to see what we should do.
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