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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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17 Mar 2022 08:16

LONDON BRIEFING: Deliveroo loss widens but pedalling toward breakeven

(Alliance News) - Food delivery firm Deliveroo on Thursday said 2021 was a year of strong growth and strategic progress, which it believes will lead to long-term profitability.

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9 Mar 2022 11:41

IN BRIEF: Go-Ahead hires Royal Mail UK interim CFO as finance chief

Go-Ahead Group PLC - Newcastle, England-based public transport operator - Hires Sarah Mussenden to be chief financial officer, starting May 9. Mussenden currently is interim CFO at Royal Mail UK, part of Royal Mail PLC. Previous roles were at British Gas, part of Centrica PLC, and British Airways, part of International Consolidated Airlines Group SA. She currently is a non-executive director of asset manager Premier Miton Group PLC. At Go-Ahead, Mussenden will replace Interim CFO Gordon Boyd.

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24 Feb 2022 16:35

Go-Ahead expects to pay GBP30 million penalty amid "challenging" year

(Alliance News) - Go-Ahead Group PLC said on Thursday that it had narrowed its pretax loss but noted issues with the UK Department for Transport regarding its London & South Eastern Railway operations.

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24 Feb 2022 10:11

Go-Ahead records 'strong' performance in long-delayed results

(Sharecast News) - Go-Ahead Group reported a "strong" financial performance in its bus and Govia Thameslink Railway (GTR) operations in its much-delayed full-year results on Thursday, offset by challenges in its international rail division and its former Southeastern rail franchise.

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24 Feb 2022 08:15

LONDON BRIEFING: Warren East to depart as CEO of improving Rolls-Royce

(Alliance News) - Rolls-Royce on Thursday said Chief Executive Officer Warren East has decided to step down at the end of 2022, after nine years on the board and almost eight years as CEO.

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23 Feb 2022 09:51

IN BRIEF: Go-Ahead to release delayed annual results on Thursday

Go-Ahead Group PLC - Newcastle-based bus and train operator - Plans on Thursday to release its delayed results for the financial year that ended July 3 last year. At that point, Go-Ahead will ask for the suspension of trading of its shares and corporate bonds to be lifted. The suspension was imposed because the company missed the deadline for filing its accounts. The delay was to allow auditors Deloitte to consider the implications of a review of the London & South Eastern Railway franchise, operated by Go-Ahead. The UK government found that "serious errors" were made by LSER in its dealings with the Department for Transport over several years. Go-Ahead apologised for "failing to notify the DfT of certain overpayments or monies due to the DfT", but the government is considering enforcement action, including a financial penalty.

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31 Jan 2022 15:28

Moody's withdraws British rail firm Go-Ahead's rating

LONDON, Jan 31 (Reuters) - Moody's has withdrawn its credit rating of UK rail and transport firm Go-Ahead after the company delayed the publication of its financial results for a fourth time, the ratings agency said on Monday. "Moody's has decide...

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24 Jan 2022 10:02

IN BRIEF: Go-Ahead expects annual results release end February

IN BRIEF: Go-Ahead expects annual results release end February

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24 Jan 2022 09:00

Go-Ahead results delayed again as auditors ask for more time

(Sharecast News) - Crisis-hit transport group Go-Ahead on Monday delayed publication of its financial results for a third time as investigations continue into its rail franchise scandal.

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19 Jan 2022 15:18

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

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4 Jan 2022 14:02

Go-Ahead shares suspended due to late-running results

(Sharecast News) - Go-Ahead Group made a request for its shares and bond to be temporarily suspended from trading on Tuesday, pending its results for the year ended 3 July.

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4 Jan 2022 10:34

IN BRIEF: Go-Ahead suspends listing on annual results delay

IN BRIEF: Go-Ahead suspends listing on annual results delay

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21 Dec 2021 21:40

TRADING UPDATES: Charles Stanley sale greenlit; ASA portfolio grows

TRADING UPDATES: Charles Stanley sale greenlit; ASA portfolio grows

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20 Dec 2021 16:21

EXECUTIVE CHANGES: New senior independent directors for Go-Ahead, Wizz

EXECUTIVE CHANGES: New senior independent directors for Go-Ahead, Wizz

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15 Dec 2021 16:03

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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