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London midday: FTSE 100 falls but RBS leads banking surge

Thu, 01st Sep 2011 12:30

London's leading share index has drifted into the red following strong gains earlier in the week, but there are still some notable risers.Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividend by nearly 60%. Elsewhere in finance, RBS, Lloyds and Barclays have powered forward, buoyed by rumours that reform of the banking sector will not happen until after the next election.The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources are among the worst performers.In the FTSE 250, Charter International is in demand after engineering firm Melrose upped the price it is willing pay for its rival by 18p per share. Charter is valued at £1.43bn at this price. Melrose saw shares fall.International recruitment firm Hays jumped after reporting strong growth in profits last year, driven by its overseas interests. Net fees in the year to 30 June rose 21%, or 18% on a like-for-like (LFL) basis, to £672.1m from £557.7m the year before. Its rival Michael Page is a faller though.Train and bus services group Go-Ahead fell after reporting a fall in revenue from its buses around London. Nevertheless, group sales rose 6% as strength in rail and its deregulated bus division (outside London) offset this weakness.Salamander Energy, the FTSE 250 oil and gas firm focused in Asia, disappointed investors on Thursday after announced a sub-commerical oil and gas discovery in Vietnam. The 101-CB-1X exploration well in Black 101-100/04, offshore northern Vietnam, was drilled to a total depth of 1,724m. Results indicated that the tertiary reservoirs found are of good quality but pressure data and seismic mapping showed that the in-place resource volumes are "probably below levels needed for commercial development," the statement said. Shares in Namakwa Diamonds took a dive after it said it announced the departure of its chief executive and other major changes following a strategic review. Nico Kruger has stepped down as chief executive and will be replaced by chief financial officer Richard Collocott. Chairman Hans Smith and board member Dirk van Staden have also stepped down. FTSE 100 - RisersHargreaves Lansdown (HL.) 490.50p +13.54%Royal Bank of Scotland Group (RBS) 25.83p +6.43%Barclays (BARC) 178.10p +4.30%Lloyds Banking Group (LLOY) 35.01p +4.21%British Sky Broadcasting Group (BSY) 670.50p +1.51%Vodafone Group (VOD) 163.05p +1.27%Imperial Tobacco Group (IMT) 2,067.00p +1.22%Land Securities Group (LAND) 745.00p +1.15%Reed Elsevier (REL) 508.50p +1.09%BT Group (BT.A) 172.80p +0.76%FTSE 100 - FallersGlencore International (GLEN) 405.90p -3.69%GKN (GKN) 196.50p -2.72%InterContinental Hotels Group (IHG) 1,018.00p -2.68%Xstrata (XTA) 1,052.50p -2.46%Fresnillo (FRES) 2,049.00p -2.43%Carnival (CCL) 1,970.00p -1.94%Rio Tinto (RIO) 3,732.00p -1.84%Burberry Group (BRBY) 1,353.00p -1.74%Prudential (PRU) 610.00p -1.69%BP (BP.) 395.90p -1.63%FTSE 250 - RisersUnite Group (UTG) 188.50p +5.72%Cable & Wireless Communications (CWC) 37.18p +5.06%Hays (HAS) 79.30p +5.03%Charter International (CHTR) 796.50p +4.39%Home Retail Group (HOME) 132.70p +4.08%Big Yellow Group (BYG) 272.90p +3.72%Jupiter Fund Management (JUP) 198.70p +3.49%Phoenix Group Holdings (DI) (PHNX) 549.00p +3.00%New World Resources A Shares (NWR) 611.50p +2.26%JD Sports Fashion (JD.) 848.50p +2.17%FTSE 250 - FallersMelrose (MRO) 295.30p -5.90%Go-Ahead Group (GOG) 1,498.00p -5.37%Salamander Energy (SMDR) 218.30p -5.05%Kenmare Resources (KMR) 43.63p -4.42%COLT Group SA (COLT) 106.40p -3.71%Bwin.party Digital Entertainment (BPTY) 120.80p -3.59%Michael Page International (MPI) 377.10p -3.31%Exillon Energy (EXI) 263.20p -3.09%Fenner (FENR) 358.20p -2.58%AZ Electronic Materials SA (WI) (AZEM) 225.20p -2.51%
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Go-Ahead to resume payouts amid new strategy after "challenging" time

(Alliance News) - Go-Ahead Group PLC on Tuesday said it will reinstate its pre-Covid dividend policy as it set out medium-term plans to boost revenue and profit.

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LONDON BRIEFING: Go-Ahead reinstates pre-pandemic payout policy

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5 Apr 2022 07:55

Go-Ahead to restart dividends

(Sharecast News) - Go-Ahead said it would restart dividends as the bus and train operator set out targets for improved revenue and profit.

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5 Apr 2022 07:50

LONDON MARKET PRE-OPEN: Moonpig confident; Go-Ahead brings back payout

(Alliance News) - Stocks in London are seen opening lower on Tuesday, with traders still mindful of the possibility of more sanctions being imposed on Russia in the wake of international outrage following killings in the Ukrainian town of Bucha.

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25 Mar 2022 11:14

Go-Ahead's Govia wins contract with National Rail to extend operations

(Alliance News) - Go-Ahead Group PLC on Friday said its subsidiary Govia Thameslink Railway has won a three-year contract extension from National Rail, which oversees train services in Britain.

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25 Mar 2022 10:57

SMALL-CAP WINNERS & LOSERS: Go-Ahead up on Govia deal; Wickes sales up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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25 Mar 2022 08:45

LONDON MARKET OPEN: European stocks drift lower in cautious start

(Alliance News) - Blue-chip European equities nudged lower in early dealings on Friday, in nervy early trade, a stark contrast to stocks in New York, which surged overnight despite markets facing a wealth of uncertainty

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25 Mar 2022 08:05

Go-Ahead's GTR awarded National Rail contract to 2025

(Sharecast News) - Go-Ahead Group announced on Friday that the Department for Transport (DfT) has awarded a National Rail contract to its Govia Thameslink Railway (GTR) joint venture, to continue operating the Thameslink, Southern and Great Northern rail services in the south of England.

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25 Mar 2022 07:54

LONDON MARKET PRE-OPEN: Petropavlovsk ability to sell gold threatened

(Alliance News) - Stocks in London were called lower on Friday, after data showed UK retail sales fell in February and a survey showed consumer confidence taking a hit in March.

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21 Mar 2022 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 22 March 
Crest Nicholson Holdings PLCAGM
Hochschild Mining PLCEGM re Amarillo Gold acquisition
Hydro Hotel Eastbourne PLCAGM
Starvest PLCAGM
Sureserve Group plcAGM
Wynnstay Group PLCAGM
Wednesday 23 March 
CML Microsystems PLCGM re employee share plans
Quartix Technologies PLCAGM
Strategic Equity Capital PLCGM re tender offer
Thursday 24 March 
BlackRock Throgmorton Trust PLCAGM
Independent Investment Trust PLCAGM
N4 Pharma PLCAGM
React Group PLCAGM
Friday 25 March 
Beazley PLCAGM
Coro Energy PLCGM re proposed bond restructuring
Europa Oil & Gas Holdings PLCGM re fundraise
Kitwave Group PLCAGM
Triad Group PLCGM re revised remuneration policy
Monday 28 March 
Congyar Investment Co PLCGM re share premium account cancellation
Go-Ahead Group PLCGM re accounts, remuneration, auditor
Jupiter Emerging & Frontier Income Trust PLCAGM
  
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17 Mar 2022 10:59

SMALL-CAP WINNERS & LOSERS: Go-Ahead up as fine less harsh than feared

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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17 Mar 2022 10:34

Go-Ahead gets penalty for train contract that is lower than budgeted

(Alliance News) - Go-Ahead Group PLC said on Thursday it received a lower-than-expected fine from the UK government, in relation to its mishandling of its former London & South Eastern Railway Ltd franchise.

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17 Mar 2022 08:32

Go-Ahead handed smaller fine than expected for Southeastern bungle

(Sharecast News) - Go-Ahead Group has been issued a £23.5m penalty by the Department for Transport (DfT), it announced on Thursday - several million pounds less than it had budgeted for.

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