Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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London midday: Gains limited as investors await ECB meeting, Draghi

Thu, 04th Sep 2014 12:09

- Draghi in focus as ECB decides on policy- BoE holds rates, global data ahead- Standard Life surges after Canadian deal- EasyJet, Supergroup and Go-Ahead risetechMARK 2,868.07 +0.03%FTSE 100 6,888.35 +0.21%FTSE 250 15,960.26 -0.20%UK market were rangebound on Thursday morning, fluctuating near a record high, as investors sat on their hands ahead of a policy decision by the European Central Bank (ECB).The FTSE 100 was trading 0.2% higher at 6,888 by midday, helped by a surge in the share price of Standard Life and decent gains by Easyjet. The index climbed to 6,873.58 by the close on Wednesday, after hitting an intraday high of 6,898.62 during the session - its highest intraday level since the record 6,950.60 set in late December 1999.At noon, the Bank of England (BoE) voted to keep the Bank Rate at 0.5% and its asset purchase programme at £375bn. However, speculation continues to rise over when policymakers will decided to hike rates after two of the nine-member committee voted for an increase last month.Nevertheless, with the BoE decision widely expected by the market, the ECB is likely to steal the show amid recent calls for President Mario Draghi to inject stimulus to aid a struggling Eurozone recovery.Draghi hinted at the Jackson Hole conference last month that inflation expectations were falling and that the ECB would use "all available instruments needed to ensure price stability". However, the ECB President has a "history of disappointing", according to dealer Jonathan Sudaria from Capital Spreads."Unfortunately, he has put undue pressure on himself and markets will want to see something concrete at today's ECB press conference. The risk is that just repeating what he said at Jackson Hole may not be enough for traders," Sudaria said.Labour-market figures from the States will also be in focus, including the ADP employment survey and jobless claims data, as markets await the all-important August US non-farm payrolls report due out on Friday. The US trade balance and ISM non-manufacturing index will also be released on Thursday afternoon.Standard Life agrees £2.2bn sale of Canadian unitStandard Life surged 9% after saying that it has agreed to sell its Canadian operations for C$4bn (£2.2bn) to Manulife Financial and would return £1.75bn of this to shareholders. The two companies also made a collaboration agreement in principle for Manulife to distribute Standard Life Investments' products via the Canadian company's network in Canada, the US and Asia.Budget airline Easyjet was higher after seeing annual traffic pick up slightly in August, with passenger numbers up 8.4% on the year before, compared with the 7.7% increase registered in July.Centrica inched lower after saying that the negative impact on earnings from a reduction in output at EDF Energy's nuclear power stations is now expected to be at least twice the amount originally estimated. On the FTSE 250, fashion retailer Supergroup jumped after the 3.7% decline in first-quarter like-for-like sales was not as bad as analysts had feared. The company also reassured the market by highlighting improving trends over the first few weeks of the second quarter.A 44.5% leap in profit to £91.2m helped to drive shares in Go-Ahead Group higher as the transport company cheered with its full-year results. Balfour Beatty had erased earlier gains by midday after agreeing to sell its US business Parsons Brinckerhoff to Canadian industrial group WSP Global for $1.35bn cash (£0.8bn). The infrastructure group said it would hand £200m back to shareholders, though analysts at Westhouse Securities pointed out that the sale price may have disappointed some in the market after recent media speculation.FTSE 100 - RisersStandard Life (SL.) 418.90p +8.50%Dixons Carphone (DC.) 372.60p +2.36%Imperial Tobacco Group (IMT) 2,692.00p +2.32%Admiral Group (ADM) 1,293.00p +2.29%Carnival (CCL) 2,329.00p +1.70%easyJet (EZJ) 1,383.00p +1.39%Mondi (MNDI) 1,053.00p +1.35%Smiths Group (SMIN) 1,330.00p +0.91%Royal Dutch Shell 'A' (RDSA) 2,469.00p +0.84%SSE (SSE) 1,500.00p +0.81%FTSE 100 - FallersHargreaves Lansdown (HL.) 1,049.00p -2.24%Ashtead Group (AHT) 1,005.00p -1.66%Tesco (TSCO) 229.55p -1.31%Morrison (Wm) Supermarkets (MRW) 173.10p -1.25%Sainsbury (J) (SBRY) 293.10p -1.25%Capita (CPI) 1,217.00p -1.22%CRH (CRH) 1,429.00p -1.18%Petrofac Ltd. (PFC) 1,116.00p -1.15%Meggitt (MGGT) 477.30p -0.98%3i Group (III) 388.80p -0.97%FTSE 250 - RisersSupergroup (SGP) 1,143.00p +9.27%Go-Ahead Group (GOG) 2,359.00p +3.78%TalkTalk Telecom Group (TALK) 311.90p +3.62%Betfair Group (BET) 1,130.00p +3.20%DCC (DCC) 3,665.00p +2.95%Serco Group (SRP) 320.60p +2.49%Spire Healthcare Group (SPI) 271.25p +2.36%Nostrum Oil & Gas (NOG) 779.50p +2.03%Euromoney Institutional Investor (ERM) 1,135.00p +1.70%Provident Financial (PFG) 2,161.00p +1.31%FTSE 250 - FallersHochschild Mining (HOC) 166.50p -3.76%AO World (AO.) 217.30p -3.42%Just Eat (JE.) 290.50p -2.52%National Express Group (NEX) 252.70p -2.36%Bovis Homes Group (BVS) 836.50p -2.22%Keller Group (KLR) 890.00p -2.20%Enterprise Inns (ETI) 122.20p -2.08%Millennium & Copthorne Hotels (MLC) 590.00p -1.99%Essentra (ESNT) 852.50p -1.96%Brit (BRIT) 250.00p -1.92%BC
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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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