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Further weakness seen at London open.

Europe Intelligence Wire

| August 10, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FT Investor (Stories))

LONDON (FT.com) - London blue chips are expected to open weaker on Tuesday morning following further losses in New York markets overnight.

Spread-betting service Cantor index expects the FTSE 100 to open 18 points lower.

Overnight the Dow Jones Industrial Average finished 1.4 per cent lower and the Nasdaq Composite closed 1.8 per cent lower, weaker than levels traded at Monday's London close.

International tensions remained high. President George W. Bush on Monday night prepared America for the possibility of a difficult military campaign to oust Saddam Hussein, whom he described as "homicidal dictator addicted to weapons of mass destruction." See more on Bush speech

M&S sales surge

Food and clothing retailer Marks and Spencer reported a 10 per cent rise in like-for-like sales in the 12 weeks to September 28, much better than the expected 5 per cent to 5.4 per cent increase. M&S said that it was gaining market share in clothing and food, but sales growth in ...

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