It has been a bad couple of weeks for directories group Yell. Its shares have been hit by worries about its UK and US businesses, and it is likely to be ejected from the FTSE 100 index after this evening's reshuffle.
Nor was there any last minute reprieve, with its shares the day's biggest faller in the leading index, down 7.9p to 176.6p. On February 26 they stood at 285p.
Overall the concerted efforts by the US Federal Reserve and other central banks to inject liquidity into the market helped push the FTSE 100 61.3 points higher to 5690.4, with Wall Street up around 150 points by the time London closed. And yet ... there are still concerns about why the Fed has acted now especially given yesterday's rumours of a bank - Bear Stearns? - facing liquidity problems.
Bear Stearns, it must be said, denied the stories, but even so, its shares are down another 4% at the moment. And not everyone is convinced the Fed move will do the trick (scroll down to Fed Rally on Garbage Paper.)
