FTSE slides ahead of Q3 earnings reports


London's leading index lost ground in morning trading as investors braced for a round of woeful reports from the third quarter earnings season.

Investors will be looking closely at the US for indicators of corporate health when the Q3 reporting season kicks off tomorrow, but expectations are bleak and are impacting shares today. The FTSE was 0.65% lower at 5,832 points by 10.20am, while Europe’s main equity markets were also weaker - the French Cac 40 was 1.1% down at 3,417 and the German Dax dropped 1.2% to 7,307. In the UK one of the main fallers was defence giant BAE systems which suffered another setback in its planned merger with EADS after its largest shareholder, Invesco Perpetual, voiced 'significant reservations' abo...

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