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London open: Miners drag Footsie lower

Thu, 01st Sep 2011 08:30

The FTSE 100 began September trading on a dull note, falling lower in the opening minutes on Thursday, with the mining sector largely to blame. The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources were among the worst performers.Sector peer Xstrata fell lower after its copper division - along with Goldcorp and Yamana Gold - worked out a deal that will enable their joint venture, Minera Alumbrera, the exclusive option to acquire Yamana's 100% interest in the Agua Rica project.Meanwhile, the financials were performing well early on, with banking giants RBS, Lloyds and Barclays taking the top three spots on the risers list.On the FTSE 250, Charter International was 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.Assets under administration at Hargreaves Lansdown climbed 41% in the year ended 30 June, as the wealth management firm hiked its dividend by nearly 60%. Shares were 3.5% higher.Cruise operating giant Carnival was out of favour after announcing that it is to enter into a closed period share repurchase programme, the firm announced on Thursday.Power systems titan Rolls-Royce was out of favour after buying US civil nuclear reactor services firm R Brooks Associates for an undisclosed sum, in an effort to grow its civil nuclear business.Frankie & Benny's restaurant chain operator, The Restaurant Group, served up an 8% increase in pre-tax profit and said it is confident of another year of good progress in 2011. Nevertheless, shares edged 1% lower.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. 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.BCFTSE 100 - RisersRoyal Bank of Scotland Group (RBS) 26.02p +7.21%Lloyds Banking Group (LLOY) 35.80p +6.56%Barclays (BARC) 181.20p +6.12%Hargreaves Lansdown (HL.) 447.00p +3.47%3i Group (III) 213.60p +0.52%Smiths Group (SMIN) 1,001.00p +0.45%HSBC Holdings (HSBA) 538.90p +0.43%Prudential (PRU) 622.50p +0.32%Standard Chartered (STAN) 1,404.50p +0.32%Vodafone Group (VOD) 161.50p +0.31%FTSE 100 - FallersFresnillo (FRES) 2,065.00p -1.67%ITV (ITV) 60.30p -1.55%Serco Group (SRP) 506.00p -1.36%IMI (IMI) 881.50p -1.29%Lonmin (LMI) 1,297.00p -1.22%BAE Systems (BA.) 272.00p -1.20%Randgold Resources Ltd. (RRS) 6,410.00p -1.16%Eurasian Natural Resources Corp. (ENRC) 674.50p -1.10%Weir Group (WEIR) 1,907.00p -1.09%Aggreko (AGK) 1,919.00p -1.03%
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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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