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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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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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