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London close: Lower finish as Irish relief fades

Mon, 22nd Nov 2010 16:51

Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster Bank, was nursing significant losses, as was Lloyds. Bank of Ireland, which is listed in Dublin and London, was sharply lower, amid worries that the bail-out, which Ireland's government intends to use to stabilise its banking sector, would dilute existing shareholders' stakes. Fellow bank Allied Irish and bancassurer Irish Life & Permanent were also sharply lower.Miners got a boost on hopes the bail-out will stabilise the global economy but lost their momentum. Xstrata was slightly higher but BHP Billiton and Rio Tinto were among the fallers. It's a slow start to the week on the company front. But Rolls-Royce has picked up a morale boosting $1.8bn (£1.1bn) engine order from China just weeks after the problems that grounded Airbus A380 super-jumbos around the world.Defence group Qinetiq has nabbed a $2bn five-year deal to provide engineering services to the Kennedy Space Centre in Florida. The contract, with US space agency NASA, is a cost-plus-award-fee contract to begin next March and will run for five years. Go-Ahead chief financial officer Nick Swift is swapping trains and buses for planes as he takes up the same position at British Airways, replacing Keith Williams who becomes chief executive of BA when it merges with Spanish peer Iberia. Mining heavyweight Anglo American has puts its Callide thermal coal mine up for sale. The mine in Central Queensland, a low cost coal producer, will go as part of Anglo's focus on growing its metallurgical coal and high margin export thermal coal businesses.Mitie has grown interim profit by 12% and the outsourcing and asset management group is confident of meeting expectations for the full-year and picking up new government work next year. Profit before tax and one-off items was up to £47.5m in the six months to 30 September from £42.3m a year ago on revenue 15% higher at £918.7m. Estate agent chain Winkworth expects to beat full-year profit forecasts after growing revenue by 20% in the first nine months, but 2011 is expected to be another low volume year, like 2010. Franchise offices enjoyed a strong third quarter, it said Monday, despite low transaction volumes, especially outside London, and a drop in prices compared with the first half. Education solutions provider RM reported record full year profit as growth continues in each of its three divisions. Pre-tax profit rose to £24m for the year to 30 September 2010 from £16.3m the year before. Revenue increased to £380.1m from £346.9m the year before.FTSE 100 - RisersTUI Travel (TT.) 208.00p +3.59%Compass Group (CPG) 539.00p +1.89%Kingfisher (KGF) 249.20p +1.84%Severn Trent (SVT) 1,459.00p +1.39%Scottish & Southern Energy (SSE) 1,167.00p +0.95%Pearson (PSON) 939.00p +0.91%Vedanta Resources (VED) 2,221.00p +0.59%Serco Group (SRP) 558.50p +0.45%National Grid (NG.) 581.00p +0.43%Wolseley (WOS) 1,754.00p 0.00%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 39.84p -4.62%Lloyds Banking Group (LLOY) 63.93p -4.18%Standard Life (SL.) 216.00p -3.10%Legal & General Group (LGEN) 94.80p -2.82%Land Securities Group (LAND) 651.50p -2.69%ICAP (IAP) 462.30p -2.67%Resolution Ltd. (RSL) 230.80p -2.62%Lonmin (LMI) 1,734.00p -2.58%Old Mutual (OML) 124.50p -2.58%Cobham (COB) 199.90p -2.49%FTSE 250 - RisersSpirax-Sarco Engineering (SPX) 1,844.00p +4.77%Kesa Electricals (KESA) 166.10p +3.88%Premier Foods (PFD) 17.45p +3.44%Taylor Wimpey (TW.) 25.30p +3.27%Sports Direct International (SPD) 132.30p +2.96%Dunelm Group (DNLM) 507.00p +2.38%Thomas Cook Group (TCG) 192.40p +2.01%Devro (DVO) 263.90p +1.93%Renishaw (RSW) 1,194.00p +1.88%Kier Group (KIE) 1,259.00p +1.86%FTSE 250 - FallersGartmore Group Ltd. (GRT) 98.00p -10.83%Fenner (FENR) 293.00p -3.93%Xchanging (XCH) 117.90p -3.76%Aquarius Platinum Ltd. (AQP) 327.00p -3.54%Daejan Holdings (DJAN) 2,498.00p -3.51%Regus (RGU) 74.90p -3.35%Redrow (RDW) 103.50p -3.27%Cable & Wireless Communications (CWC) 45.56p -3.13%SIG (SHI) 117.80p -3.05%St James's Place (STJ) 246.80p -2.99%
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4 Aug 2022 09:33

Kinetic lifts takeover offer for Go-Ahead by £22m

(Sharecast News) - Australian bus group Kinetic and Spanish infrastructure specialist Globalvia have lifted their takeover offer for London-listed transport operator Go-Ahead by £22m.

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4 Aug 2022 09:01

LONDON MARKET OPEN: FTSE 100 underperforms amid pre-BoE trepidation

(Alliance News) - The FTSE 100 underperformed European peers and traded sideways in early dealings on Thursday, with the Bank of England to take centre-stage during a week that so far has been dominated by tensions between the US and China.

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4 Aug 2022 07:54

LONDON MARKET PRE-OPEN: Next and Serco up outlook but Hikma lowers

(Alliance News) - Stock prices in London are seen opening ever-so-slightly higher, falling short of the more convincing gains seen in Asia, with investors wary ahead of the latest Bank of England interest rate decision.

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1 Aug 2022 16:01

UK shareholder meetings calendar - next 7 days

Tuesday 2 August 
Caffyns PLCAGM
Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
John Wood Group PLCGM re Built Environment sale
Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
RiverFort Global Opportunities PLCAGM
Conduity Capital PLCAGM
Scirocco Energy PLCAGM
D4t4 Solutions PLCAGM
Thursday 4 August 
Glantus Holdings PLCAGM
Investec PLC and LtdAGM
STM Group PLCAGM
Starcrest Education LtdAGM
Friday 5 August 
JPMorgan Global Core Real Assets LtdAGM
San Leon Energy PLCEGM
San Leon Energy PLCGM
Trian Investors 1 LtdEGM re removal of three current directors
Trian Investors 1 LtdAGM
Verditek PLCAGM
Monday 8 August 
Altus Strategies PLCGM re merger with Elemental Royalties Corp
Bushveld Minerals LtdAGM
Essentra PLCGM re unit sale
Go-Ahead Group PLCGM regarding takeover by Kinetic and Globalvia
Oscillate PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Jul 2022 19:24

More UK travel chaos as another rail union announces strike action

(Alliance News) - Another UK rail union has announced strikes in the worsening dispute over jobs, pay and conditions – threatening travel chaos in the coming weeks.

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21 Jul 2022 14:51

Go-Ahead affirms support for takeover offer as Kelsian withdraws

(Alliance News) - Kelsian Group Ltd on Thursday confirmed it will not make an offer to buy UK transport provider Go-Ahead Group PLC, as Go-Ahead reiterated its support for a rival takeover bid by a consortium of Kinetic Tcp Pty Ltd and Globalvia Inversiones Sau.

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21 Jul 2022 10:28

SMALL-CAP WINNERS & LOSERS: Go-Ahead suitor pulls out; Costain rises

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21 Jul 2022 08:37

Kelsian abandons pursuit of Go-Ahead

(Sharecast News) - Australian bus and ferry services group Kelsian has abandoned its pursuit of London-listed transport operator Go-Ahead, pinning the blame on market volatility.

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21 Jul 2022 07:59

LONDON MARKET PRE-OPEN: Ocado interim loss widens; S4 warns on profit

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19 Jul 2022 09:50

LONDON BROKER RATINGS: Fevertree chopped; Berenberg likes Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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11 Jul 2022 13:46

Kelsian refuses to rule out bidding war for Go-Ahead

(Sharecast News) - Australia's Kelsian Group urged shareholders in Go-Ahead Group not to take any action on Monday, as it continued to mull its own potential offer for the British business.

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11 Jul 2022 10:42

SMALL-CAP WINNERS & LOSERS: MJ Gleeson expects to outperform views

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11 Jul 2022 08:42

Go-Ahead buses as busy as pre-Covid times in promising virus recovery

(Alliance News) - Go-Ahead Group PLC on Monday said it expects a "busy summer ahead" as the transport operator's customer numbers surge as Covid-19's grip on the market weakens.

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11 Jul 2022 07:56

Go-Ahead expects to report 'good' FY performance as demand recovers

(Sharecast News) - Transport operator Go-Ahead said on Monday that it expects to report a "good" performance for the year to 2 July as passenger demand recovers.

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