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Sector movers: Financial services, real estate pace losses

Tue, 14th Jun 2016 15:14

(ShareCast News) - The results of another online poll pointing to increased momentum for the 'Leave' camp ahead of the EU referendum was again weighing on sterling and financial services and real estate investment firms on Tuesday.According to the latest YouGov poll published in The Times on Tuesday, support for Brexit jumped by three percentage points to 46.0% over the latest week, while support for 'Remain' lost another three percentage points to stand at just 39.0%, with 11.0% of voters saying they were undecided and another 4.90% that they would not vote.As of 14:33 BST cable was down 0.68% to 1.4172, alongside a dip in 10-year German government debt yields into negative territory for the first time ever.The yield on similarly-dated benchmark Gilts also hit a record low at 1.144%.Yields on the 10-year Bund retreated both as investors continued to seek out safe havens and on expectations that the Brexit-related uncertainty would act as a drag on growt"These results alarmed markets and saw our 10-poll average narrow to a slim 0.2pp lead for Remain. The result is due partly to a greater share of online polls in the sample, which have typically shown stronger leads for Leave. But beyond polling noise, it appears that more voters are 'flirting with Brexit'. For this reason, last week we increased our probability of Brexit to the top end of our 30-40% range, but have not increased it further," analysts at Citi said.Travel&Leisure stocks were weighed down by stock in one company in particular, Go Ahead. The troubled transport giant told investors to no longer expect 3% margins from its Govia Thameslink Railway franchise, as previously indicated, but rather something closer to 1.5%, because of the cost of strikes and the project to rebuild London Bridge Station.Front month crude oil futures were down by 0.801% to $49.95 per barrel on the ICE.Bottom performing sectors so far todayFinancial Services 8,231.00 -2.08%Real Estate Investment & Services 2,583.42 -2.00%Oil & Gas Producers 6,337.69 -1.78%Media 6,846.49 -1.77%Travel & Leisure 8,066.59 -1.77%
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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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