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Reed Elsevier fell 12.5p to 561.5p after reporting flat profits of £1.28bn.
It described consumer spending as "consistently weak," with most parts of the country reporting flat or declining sales.
By comparison, the bulk of mainstream multiplexes are reporting flat ticket sales, despite blockbusters like "Harry Potter and the Deathly Hallows, Part 2," according to Variety.com.com
Now, it, too, has succumbed to a worsening economy, reporting flat revenue growth for the first three months of the year but forecasting revenue declines for the rest of the year.
In a sign of weakening demand, McDonald's fell 1.7 percent to $87.53 after reporting flat same-store sales in July, the worst performance for the Dow component in more than nine years.
United Auto Group (21, UAG), the second-largest car retailer after AutoNation, threw a rod after reporting flat earnings for the fourth quarter.
Similar(52)
It reported flat comparable sales at Comet during the third quarter.
Most other sectors reported flat payrolls or reductions.
Schering-Plough reported flat second-quarter sales and profits.
[C2.] Earnings Flat at Knight and Tribune Knight Ridder and Tribune reported flat first-quarter earnings.
The brewing business reported flat volumes overall, but premium ale volumes rose by 4%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com