{"id":1006,"date":"2014-12-30T11:01:16","date_gmt":"2014-12-30T11:01:16","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=1006"},"modified":"2014-12-31T12:05:08","modified_gmt":"2014-12-31T12:05:08","slug":"ftse-100-15-years-on","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1006","title":{"rendered":"FTSE-100 15 years on&#8230;"},"content":{"rendered":"<p>15 years ago to the day, the 30th of December 1999 the UK&#8217;s flagship index FTSE-100 closed at <strong>an al<\/strong>l<strong>-time high of 6930.2<\/strong><\/p>\n<p><strong>Today the FTSE is at about 6594.91<\/strong>.<\/p>\n<p>Going back and looking at the FTSE-100 in December 1999, we were coming to the peak of the Telecoms and Technology Bubble. Looking back this it was a purely speculative bubble. Remember those days, when companies made little profit, burnt\u00a0cash with little regard for shareholders and were given crazy valuations ?<\/p>\n<p>Remember these iconic names:-<\/p>\n<p>Baltimore Technologies<br \/>\nPSION PLC<br \/>\nThus<br \/>\nEnergis<br \/>\nGEC<\/p>\n<p>Justin Urquart Stewart who at the time was the face of Barclays Stockbrokers (now at Seven Investment Management fame) called the FTSE-100 an &#8220;Drug related Financial Call Centre&#8221; due to index been driven by Pharmaceutical, Telecoms and Financial companies.<\/p>\n<p>Today the FTSE is a very different index, dominated by the giant five, HSBC, BP, Shell, GlaxoSmithKline and Vodafone, with BHP Biliton and Rio Tinto in close pursuit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>15 years ago to the day, the 30th of December 1999 the UK&#8217;s flagship index FTSE-100 closed at an all-time high of 6930.2 Today the FTSE is at about 6594.91. Going back and looking at the FTSE-100 in December 1999, we were coming to the peak of the Telecoms and Technology Bubble. Looking back this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1006","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1006"}],"version-history":[{"count":3,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1006\/revisions"}],"predecessor-version":[{"id":1009,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1006\/revisions\/1009"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}