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    Earnings pain sees Britain's FTSE fall back

    Reuters – Fri, Oct 26, 2012

    LONDON Oct. 26 (Reuters) - Britain's top shares dropped back

    on Friday reflecting caution over the corporate earnings picture

    after disappointing results from U.S. tech giants Apple

    and Amazon.

    At 0706 GMT, the FTSE 100 index was down 22.23

    points, or 0.4 percent at 5,782.82, having finished flat on

    Thursday.

    Results from global giants Apple and Amazon

    undershot expectations overnight, while in Europe,

    Renault, Saint Gobain, Gucci and

    Publicis weighed in with gloomy earnings and outlooks.

    Anglo American, however, bucked the weak trend,

    adding 1.9 percent on speculative interest after the miner said

    its Chief Executive Cynthia Carroll has decided to step down

    from her post with the board's agreement.

    (Reporting by Jon Hopkins)

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