Less Ads, More Data, More Tools Register for FREE

Sector movers: RBS drags leads banks lower

Tue, 08th Dec 2009 14:55

Royal Bank of Scotland is leading the banking sector lower.Trading in the state-controlled bank briefly stopped trading and it went into 'auction' as the price tumbled below 30p, though it has since recovered a little.The auction process is used when a company's share price falls, or rises too quickly in a short space of time. It is used to smooth out these falls and rises and make trading more orderly.Rumours that a bank tax in some form could accompany tomorrow's pre-Budget statement have unsettled the shares all week as have reports over its exposure to Dubai, and talk that the board may resign if a bonus cap is forced on the bank. All have resurfaced today.The media sector is one of the few risers, even though DQE, the animation, gaming and entertainment group, which has won an exclusive deal with Australian Broadcasting Corporation for the broadcasting of 52 episodes of the animated series of 'The Jungle Book' and a 60 minute TV Feature, is lower.Advertising group WPP and FT publisher Pearson are among the stocks lifting the sector higher.Top performing sectors so far todayMedia 3,249.40 +0.27%Technology Hardware & Equipment 332.96 +0.19%Bottom performing sectors so far todayIndustrial Engineering 3,743.26 -3.50%Automobiles & Parts 2,515.76 -3.41%Banks 4,666.13 -3.09%Forestry & Paper 3,601.94 -3.07%Life Insurance 3,758.85 -2.90%

Related Shares

More News
30 May 2024 09:23

LONDON BROKER RATINGS: Jefferies and UBS cut Anglo American

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

26 Apr 2024 13:36

UK dividends calendar - next 7 days

26 Apr 2024 09:35

Pearson expects an "acceleration of growth" in the second half of 2024

(Alliance News) - Pearson PLC on Friday said it is "on track" to achieve 2024 guidance amid an as-expected first quarter result and growth momentum fo...

26 Apr 2024 07:12

Pearson reports in-line Q1, reiterates full-year guidance

(Sharecast News) - Pearson reported an in-line performance for the first quarter and reiterated its full-year guidance.

19 Apr 2024 13:09

UK shareholder meetings calendar - next 7 days

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.