Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksREX.L Share News (REX)

  • There is currently no data for REX

London midday: Rally falters as Egypt casts shadow

Mon, 31st Jan 2011 12:17
The FTSE 100 has given up an attempt to haul itself into the blue and remains firmly in negative territory.The Egypt crisis is still casting a shadow, with the credit rating agency Moody's downgrade of the North African country adding to worries.Travel companies are bearing the brunt of the selling, Airline IAG, the former British Airways, TUI Travel and Intercontinental Hotels have all run into turbulence.Results and updates are thin today. Brewer and pub owner Greene King is in demand after it saw healthy trading over the past eight weeks despite the poor weather with all of its divisions in-line or improving from the half-year.Oil group BG Group is higher after saying it has signed up engineering and project management group AMEC to provide services for all of its facilities in the central North Sea. The three year contract, worth £140m, is to provide engineering, procurement, construction, commissioning and project management services. Budget airline Ryanair is still on track to match full-year profit forecasts despite a loss-making third quarter hit by strikes and bad weather that caused over 3,000 flights to be cancelled. The Irish outfit posted a net loss of €10.3m for the three months to 31 December compared with €10.9m a year ago. But it could have been worse had traffic not risen 6% to 17m and average fares 15%. Following the completion of contract negotiations Rexam forecast that overall operating profit in the Beverage Can North America division in 2011 is expected to remain comparable to that in 2010, as improved pricing, new customers, continued growth in specialty cans and further cost control initiatives will offset the impact of lower net 12 ounce volumes.Carillion has won contracts worth around £350m this year and believes that the opportunities to work with both central and local government to deliver greater efficiencies through outsourcing services remain very strong.Despite battling rising polymer prices, plastic packaging firm RPC saw an improvement in underlying operating profit in the final three months of 2010.James Halstead is in bullish mood as overseas trade helps the commercial floorcoverings supplier report record "bottom-line" results for the first half despite increasing raw material costs. Turnover for the six months to 31 December is up 14% as the positive trend continued into the final month of 2010.SThree has fallen even though profits bounced 20% higher last year with all of the recruitment specialist's markets growing so far in 2011.Shares in Infoserve have taken a dive after a profit warning from the online directory group after the close on Friday. The company said it was hit by the bad weather in November and December.FTSE 100 - RisersRexam (REX) 344.30p +2.93%BG Group (BG.) 1,372.00p +2.85%Essar Energy (ESSR) 521.50p +1.76%Sainsbury (J) (SBRY) 376.00p +1.32%Tesco (TSCO) 402.00p +0.98%Xstrata (XTA) 1,365.50p +0.77%RSA Insurance Group (RSA) 136.00p +0.52%Lloyds Banking Group (LLOY) 62.19p +0.47%Royal Dutch Shell 'A' (RDSA) 2,212.00p +0.43%Amec (AMEC) 1,196.00p +0.25%FTSE 100 - FallersICAP (IAP) 539.00p -2.97%TUI Travel (TT.) 252.30p -2.89%Aviva (AV.) 438.30p -2.64%Fresnillo (FRES) 1,283.00p -2.51%Prudential (PRU) 680.00p -2.44%Royal Bank of Scotland Group (RBS) 41.75p -2.22%International Power (IPR) 426.00p -2.09%IMI (IMI) 868.50p -2.09%BAE Systems (BA.) 342.00p -1.98%Kingfisher (KGF) 250.70p -1.92%FTSE 250 - RisersGreene King (GNK) 468.50p +4.46%Centamin Egypt Ltd. (CEY) 135.10p +3.13%Salamander Energy (SMDR) 289.00p +2.85%Misys (MSY) 332.80p +2.09%3i Infrastructure (3IN) 116.60p +1.92%Betfair Group (BET) 919.00p +1.83%Derwent London (DLN) 1,575.00p +1.61%Fidessa Group (FDSA) 1,561.00p +1.36%Taylor Wimpey (TW.) 34.94p +1.16%Regus (RGU) 100.60p +1.11%FTSE 250 - FallersSThree (STHR) 361.00p -8.61%Hikma Pharmaceuticals (HIK) 783.50p -5.37%Mitie Group (MTO) 218.40p -4.96%Ferrexpo (FXPO) 420.00p -3.98%Avis Europe (AVE) 222.00p -3.48%Cookson Group (CKSN) 658.00p -2.88%Fenner (FENR) 339.00p -2.81%Grainger (GRI) 98.20p -2.77%Informa (INF) 431.80p -2.73%Meggitt (MGGT) 355.40p -2.63%

Related News

LONDON BROKER RATINGS: Berenberg cuts Berkeley and raises Bellway
16 hours ago

LONDON BROKER RATINGS: Berenberg cuts Berkeley and raises Bellway

(Alliance News) - The following London-listed shares received analyst recommendations on Friday morning and on Thursday:

Ryanair to allow parents flying with young children to avoid seat fee
1 day ago

Ryanair to allow parents flying with young children to avoid seat fee

(Alliance News) - Ryanair Holdings PLC has adjusted its family seating policy after an investigation was launched into it charging parents to sit with...

LONDON BROKER RATINGS: Deutsche Bank Research cuts Man Group to 'hold'
1 day ago

LONDON BROKER RATINGS: Deutsche Bank Research cuts Man Group to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

REX.L News

Trifast appoints former Essentra packaging chief Iain Percival as CEO
15 Sep 2023

Trifast appoints former Essentra packaging chief Iain Percival as CEO

(Alliance News) - Trifast PLC on Friday said it has appointed former Essentra PLC packaging chief executive Iain Percival as its new chief executive o...

UPDATE 1-Ball wins conditional U.S. approval to buy Rexam
28 Jun 2016

UPDATE 1-Ball wins conditional U.S. approval to buy Rexam

(Adds comment from Ball, background on the deal, divestiture) By Diane Bartz WASHINGTON, June 28 (Reuters) - Ball Corp and Rexam Plc, the world's two ...

EU mergers and takeovers (June 21)
21 Jun 2016

EU mergers and takeovers (June 21)

BRUSSELS, June 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS ...

EU mergers and takeovers (May 23)
23 May 2016

EU mergers and takeovers (May 23)

BRUSSELS, May 23 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS A...