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The Guardian - UK
The Guardian - UK
Business
Alex Hawkes

US mid-term fears hit PartyGaming

PartyGaming was one of the big fallers among the FTSE 250 today, amid speculation over the US elections.

The online poker giant was down 4% to 251p. The sector is watching the US mid-term elections closely in order to gauge what impact they might have.

The story this morning was that staunch supporter of the sector and Senate Majority Leader Harry Reid might lose his Nevada Senate seat.

The latest telephone survey put Reid's rival Sharron Angle at 49% to Reid's 45%.

Events across the pond were the key to a subdued market this morning. At 12 o'clock the FTSE 100 was down just 17 points ahead of US GDP data at 1:30.

Expectations are for annualised growth of 2%. The pound was at $1.5901 at midday ahead of the announcement.

Other movers on the London market this morning included Centrica up 2% to 329p.

Prudential was up slightly, 0.5p up to 631p, as the positive sentiment from AIA's listing in Hong Kong fed through.

AIA rose 17% on its debut, with its market value topping $35.5bn.

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