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London midday: Trichet comments heap more gloom

Thu, 23rd Jun 2011 12:19

Gloomy comments from European Central Bank (ECB) President Jean-Claude Trichet have sent stocks further into the red.Trichet warned that the Greek debt crisis threatens to infect banks. Recycled packaging firm DS Smith is in demand after it overcame a sharp rise in input costs to grow pre-tax profits by 86% last year. Profit before tax in the year to 30 April rose to £102.2m from £55.0m the year before, on sales that rose 19.5% to £2,474.5m from £2,070.6m. With the effects of the recent acquisition of Otor stripped out, sales rose 10.0% year-on-year.Train and bus operator Go-Ahead has moved into reverse, despite a strong start after saying it expects to post a full-year profit ahead of expectations as high petrol prices and tough economic conditions prompt drivers to abandon their cars in favour of public transport.Currys and PC World owner Dixons is down after it saw underlying profit before tax dip to £85.3m in the year to end-April from £90.0m the year before. The group said it is increasing market share across most of its markets and sectors, especially in the UK and the Nordic countries.Military decoy flare and mine detection firm Chemring is under heavy attack even after it managed to post a sharp rise in sales and profits in the half-year to 30 April despite constraints on military spending in Britain and the US. Revenues climbed by 29% from the previous year to £329.8m, while underlying pre-tax profits were up by 17% at £49.6m. Software group Micro Focus is in the red after the company's underlying earnings coming in below the guidance range issued at the time of the company's February profits warning. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $158.7m in the year to 30 April, down 8.4% from the $173.3m achieved the year before. The group had indicated in February that underlying earnings would be in a range running from $159m to $167m.FTSE 100 - RisersBritish Sky Broadcasting Group (BSY) 838.00p +0.90%ITV (ITV) 67.15p +0.83%Associated British Foods (ABF) 1,081.00p +0.75%Capita Group (CPI) 728.50p +0.55%Shire Plc (SHP) 1,853.00p +0.32%Sainsbury (J) (SBRY) 326.40p +0.15%Imperial Tobacco Group (IMT) 2,033.00p +0.15%Marks & Spencer Group (MKS) 366.70p +0.05%Aviva (AV.) 428.90p -0.07%National Grid (NG.) 591.50p -0.08%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 37.36p -3.34%Vedanta Resources (VED) 1,906.00p -3.10%Eurasian Natural Resources Corp. (ENRC) 710.00p -3.07%Antofagasta (ANTO) 1,242.00p -3.04%Glencore International (GLEN) 475.10p -3.04%Lloyds Banking Group (LLOY) 45.62p -2.93%Essar Energy (ESSR) 400.30p -2.77%International Consolidated Airlines Group SA (IAG) 237.00p -2.27%Anglo American (AAL) 2,851.00p -2.20%Xstrata (XTA) 1,261.50p -2.17%FTSE 250 - RisersDS Smith (SMDS) 238.40p +11.61%Bwin.party Digital Entertainment (BPTY) 132.00p +3.94%Telecom Plus (TEP) 645.00p +3.37%Premier Foods (PFD) 26.06p +2.20%Dixons Retail (DXNS) 16.81p +1.69%Henderson Group (HGG) 147.50p +1.65%Misys (MSY) 416.80p +1.56%Berendsen (BRSN) 492.10p +1.46%FirstGroup (FGP) 332.40p +1.28%Aberdeen Asset Management (ADN) 215.20p +1.03%FTSE 250 - FallersMicro Focus International Plc (MCRO) 324.30p -8.39%Ocado Group (OCDO) 180.00p -7.79%Imagination Technologies Group (IMG) 384.70p -7.19%Chemring Group (CHG) 596.00p -6.44%Afren (AFR) 153.30p -3.46%Exillon Energy (EXI) 402.00p -3.37%Big Yellow Group (BYG) 302.80p -2.79%Halma (HLMA) 389.20p -2.68%Renishaw (RSW) 1,661.00p -2.64%ITE Group (ITE) 209.10p -2.56%
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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

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(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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Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
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Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
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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
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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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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

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

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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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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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