UK stocks extend falls; earnings provide direction

LONDON July 25 (Reuters) - Britain's top share index eased

back on Wednesday, extending recent sharp falls into a fourth

straight session, tracking declines on Wall Street and in Asia

as worries that Spain may need a full debt bailout continued to

dog global markets.

The main early direction, however, was dictated by a batch

of blue chip earnings, with BT Group and British American

Tobacco big fallers as their latest updates failed to

impress, while British Land and ARM Holdings

got a boost from well-received results.

At 0708 GMT, the FTSE 100 index was down 16.51

points, or 0.3 percent at 5,482.72, having closed down 0.6

percent on Tuesday to end below 5,500 level for the first time

since June 28.

(Reporting by Jon Hopkins; Editing by Atul Prakash)

Source: http://news.yahoo.com/uk-stocks-extend-falls-earnings-direction-071232862--sector.html

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