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Markets

LSE Volume: 1,995 M
Avg Vol: 3,861 M -48%
Fallers
2,697
Unchanged 635
Risers
1,699

FTSE plunges as investors sour over US turns

FTSE indices had plunged lower at midday as the first US airstrikes in Syria and stateside moves targeting tax-efficient companies gnawed at investor sentiment and saw pharmaceutical shares sink.

Gaffe-hit Tesco's new CFO to join early

Tesco said incoming chief financial officer Alan Stewart will join the supermarket titan today, rather than on Dec. 1 as previously planned.

Starcom losses

Starcom has booked an H1 loss before deferred income tax of $0.74m, from a loss of $89,000. Revenue was $2.9m, from $3.5m.

MTC rights issue

Mothercare Plc confirms a rights issue to raise about £100m in proceeds, or about £95m after expenses, to help the group deliver on its new strategic plan.

PZ Cussons trading

PZ Cussons said whilst trading conditions in most markets remain challenging, the group remains focussed on a dynamic and fast brand renovation and innovation programme, an ongoing cost reduction programme and successful delivery of new areas of growth such as Rafferty's Garden, Five:AM and the PZ Wilmar joint venture.