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FTSE 100 movers: Lloyds reports progress and pleases investors
01-11-2012 15:32
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Banking giant Lloyds rose strongly after an 'in-line' third-quarter statement. The lender said that it is making progress despite delivering a statutory loss before tax of £583m for the first nine months of the year, including a further Payment Protection Insurance (PPI) provision of £1bn in the third quarter.
Telecommunications giant BT surged after it bumped up its interim dividend following a solid second quarter which saw profits before tax grow 7% despite a 9% fall in adjusted revenue.
Pay-TV and broadband provider BSkyB advanced after seeing decent growth across the board in the first quarter, helped by the number of high-profile sporting events that fell in the period, such as the US Open, Ryder Cup and Olympic Games.
Investments and insurance group Legal & General was wanted after generating record revenues in the third quarter, with UK and US protection sales each rising by around a third.
Anglo-Dutch integrated oil major Shell rose after its third-quarter net income was comfortably ahead of expectations. "I am pleased with our progress in a difficult industry environment. There is more to come from Shell," said CEO Peter Voser.
Meanwhile, oil and gas firm BG Group was continuing to fall after cutting back production guidance yesterday. Shares are now down 16% on the week.
Speciality chemicals manufacturer Croda Interntional fell after third quarter operating profit reportedly came in below expectations. The falling share price may also have been because of the company's warning that month to month trading has been "volatile", saying sales were in line with expectations in July and August, but that trading weakened in September, which is usually a strong month for the firm.
Global medical technology business Smith & Nephew was also taking a hit after admitting it experienced hard times in Europe in the third quarter and expects these to continue. Revenue in the three months to September 29th was up an underlying 1% but down an actual 7.8% at $952m from $1,032m the year before. Profit before tax eased to $188m from $193m the year before.
FTSE 100 - Risers
Lloyds Banking Group (LLOY) 44.00p +8.44%
BT Group (BT.A) 228.80p +7.67%
British Sky Broadcasting Group (BSY) 760.00p +7.19%
Legal & General Group (LGEN) 140.00p +4.48%
Barclays (BARC) 237.20p +4.26%
Antofagasta (ANTO) 1,309.00p +4.14%
Royal Bank of Scotland Group (RBS) 287.30p +4.09%
ARM Holdings (ARM) 688.50p +3.53%
Burberry Group (BRBY) 1,204.00p +3.26%
Weir Group (WEIR) 1,792.00p +2.87%
FTSE 100 - Fallers
BG Group (BG.) 1,100.50p -4.10%
Croda International (CRDA) 2,164.00p -1.68%
Smith & Nephew (SN.) 649.00p -0.92%
Sage Group (SGE) 308.70p -0.64%
Severn Trent (SVT) 1,596.00p -0.62%
Experian (EXPN) 1,064.00p -0.56%
Serco Group (SRP) 563.50p -0.53%
Morrison (Wm) Supermarkets (MRW) 266.90p -0.37%
Sainsbury (J) (SBRY) 353.50p -0.31%
Capita (CPI) 721.00p -0.28%
NR
Telecommunications giant BT surged after it bumped up its interim dividend following a solid second quarter which saw profits before tax grow 7% despite a 9% fall in adjusted revenue.
Pay-TV and broadband provider BSkyB advanced after seeing decent growth across the board in the first quarter, helped by the number of high-profile sporting events that fell in the period, such as the US Open, Ryder Cup and Olympic Games.
Investments and insurance group Legal & General was wanted after generating record revenues in the third quarter, with UK and US protection sales each rising by around a third.
Anglo-Dutch integrated oil major Shell rose after its third-quarter net income was comfortably ahead of expectations. "I am pleased with our progress in a difficult industry environment. There is more to come from Shell," said CEO Peter Voser.
Meanwhile, oil and gas firm BG Group was continuing to fall after cutting back production guidance yesterday. Shares are now down 16% on the week.
Speciality chemicals manufacturer Croda Interntional fell after third quarter operating profit reportedly came in below expectations. The falling share price may also have been because of the company's warning that month to month trading has been "volatile", saying sales were in line with expectations in July and August, but that trading weakened in September, which is usually a strong month for the firm.
Global medical technology business Smith & Nephew was also taking a hit after admitting it experienced hard times in Europe in the third quarter and expects these to continue. Revenue in the three months to September 29th was up an underlying 1% but down an actual 7.8% at $952m from $1,032m the year before. Profit before tax eased to $188m from $193m the year before.
FTSE 100 - Risers
Lloyds Banking Group (LLOY) 44.00p +8.44%
BT Group (BT.A) 228.80p +7.67%
British Sky Broadcasting Group (BSY) 760.00p +7.19%
Legal & General Group (LGEN) 140.00p +4.48%
Barclays (BARC) 237.20p +4.26%
Antofagasta (ANTO) 1,309.00p +4.14%
Royal Bank of Scotland Group (RBS) 287.30p +4.09%
ARM Holdings (ARM) 688.50p +3.53%
Burberry Group (BRBY) 1,204.00p +3.26%
Weir Group (WEIR) 1,792.00p +2.87%
FTSE 100 - Fallers
BG Group (BG.) 1,100.50p -4.10%
Croda International (CRDA) 2,164.00p -1.68%
Smith & Nephew (SN.) 649.00p -0.92%
Sage Group (SGE) 308.70p -0.64%
Severn Trent (SVT) 1,596.00p -0.62%
Experian (EXPN) 1,064.00p -0.56%
Serco Group (SRP) 563.50p -0.53%
Morrison (Wm) Supermarkets (MRW) 266.90p -0.37%
Sainsbury (J) (SBRY) 353.50p -0.31%
Capita (CPI) 721.00p -0.28%
NR
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