Stock Market News
London open: Stocks give up gains
21-07-2011 08:39
| Add To Google +1 | Tweet |
Stocks are moving in both directions today, but bears have the edge now with the top share index a few points lower, giving up earlier gains.
In the FTSE 100, Kingfisher, the FTSE 100 DIY retailer, is flying high even after it saw sales down 0.5% in the second quarter of 2011 compared to the same period last year. Total sales including new stores were up 1% if adjustments are made for currency fluctuations, with strength in France offsetting poor trading on this side of the channel.
Approval for its drug Brilinta in the United States heartens AstraZeneca, the Anglo-Swedish pharmaceuticals company. Brilinta reduces the rate of heart attack and cardiovascular death in adult patients with acute coronary syndrome (ACS) more effectively than its rival treatment Clopidogre, recent studies indicate.
Turnover and profit before tax a shade below market expectations is a source of displeasure for investors in outsourcing behemoth Capita Group today. Turnover for the first half of 2011 rose 3% to £1,400m from £1,361m the year before, below market expectations of £1,443m. Acquisitions contributed £134m to the turnover figure, which means revenue fell on a like-for-like basis, as widely tipped in the market.
Turning to the FTSE 250, the glass seems to be half empty at Mitchells & Butlers. Trading in recent months has been ahead of last year when the World Cup kept punters away, but has hit a weak spell more recently, the pub group behind the O' Neill's and All Bar One chains, has said. "On a like-for-like basis, sales in the first 42 weeks were up 3.1% with trading in the last 9 weeks to 16 July up by 2.8%," the company said.
Also in drinks, Britvic has lost some fizz. Another summer of disappointing weather has hit trading at the maker of orange juice, which also has the licence to sell Pepsi in the UK. Drinks sales had been holding up until below average weather resulted in a sharp contraction in the four weeks to 21 July.
Kitchen supplier Howden Joinery is building decent gains after it said profit for the half year increased by £1.9m as expectations for the year remain unchanged. Pre-tax profit rose to £23.5m in the 24 weeks to 11 June 2011 from £21.6m the same time a year earlier. Group revenue rose to £341.7m during the half year from £324.7m previously.
Today is proving a bit of an uphill struggle for Halfords. The bike and car parts retailer reported flat sales for the 13 weeks to 1 July.
FTSE 100 - Risers
AstraZeneca (AZN) 3,132.50p +3.30%
Royal Bank of Scotland Group (RBS) 35.16p +3.08%
Barclays (BARC) 228.60p +2.70%
Kingfisher (KGF) 258.80p +2.21%
Lloyds Banking Group (LLOY) 45.65p +1.64%
Diageo (DGE) 1,258.00p +0.96%
Associated British Foods (ABF) 1,084.00p +0.93%
International Consolidated Airlines Group SA (IAG) 233.60p +0.65%
Standard Chartered (STAN) 1,599.50p +0.47%
Tate & Lyle (TATE) 617.50p +0.41%
FTSE 100 - Fallers
Capita Group (CPI) 663.00p -4.88%
Xstrata (XTA) 1,336.00p -2.09%
Serco Group (SRP) 546.00p -1.97%
Glencore International (GLEN) 473.20p -1.83%
Eurasian Natural Resources Corp. (ENRC) 762.50p -1.68%
Kazakhmys (KAZ) 1,324.00p -1.63%
Antofagasta (ANTO) 1,400.00p -1.62%
Rio Tinto (RIO) 4,353.50p -1.52%
Vedanta Resources (VED) 1,821.00p -1.51%
BHP Billiton (BLT) 2,333.00p -1.33%
FTSE 250 - Risers
Petropavlovsk (POG) 844.50p +2.74%
Howden Joinery Group (HWDN) 110.30p +2.70%
Yule Catto & Co (YULC) 232.20p +2.29%
Catlin Group Ltd. (CGL) 400.90p +2.27%
Kier Group (KIE) 1,352.00p +1.20%
Stobart Group Ltd. (STOB) 141.40p +1.00%
Cable & Wireless Worldwide (CW.) 43.41p +0.95%
Renishaw (RSW) 1,802.00p +0.90%
Dignity (DTY) 795.00p +0.89%
Electra Private Equity (ELTA) 1,730.00p +0.87%
FTSE 250 - Fallers
Halfords Group (HFD) 336.40p -5.82%
Mitchells & Butlers (MAB) 277.50p -4.61%
JD Sports Fashion (JD.) 951.00p -3.94%
PZ Cussons (PZC) 365.30p -3.72%
Regus (RGU) 100.40p -3.37%
Berendsen (BRSN) 531.50p -3.28%
Daejan Holdings (DJAN) 2,803.00p -2.84%
Grainger (GRI) 118.70p -2.47%
Britvic (BVIC) 358.50p -2.34%
Punch Taverns (PUB) 68.00p -2.30%
In the FTSE 100, Kingfisher, the FTSE 100 DIY retailer, is flying high even after it saw sales down 0.5% in the second quarter of 2011 compared to the same period last year. Total sales including new stores were up 1% if adjustments are made for currency fluctuations, with strength in France offsetting poor trading on this side of the channel.
Approval for its drug Brilinta in the United States heartens AstraZeneca, the Anglo-Swedish pharmaceuticals company. Brilinta reduces the rate of heart attack and cardiovascular death in adult patients with acute coronary syndrome (ACS) more effectively than its rival treatment Clopidogre, recent studies indicate.
Turnover and profit before tax a shade below market expectations is a source of displeasure for investors in outsourcing behemoth Capita Group today. Turnover for the first half of 2011 rose 3% to £1,400m from £1,361m the year before, below market expectations of £1,443m. Acquisitions contributed £134m to the turnover figure, which means revenue fell on a like-for-like basis, as widely tipped in the market.
Turning to the FTSE 250, the glass seems to be half empty at Mitchells & Butlers. Trading in recent months has been ahead of last year when the World Cup kept punters away, but has hit a weak spell more recently, the pub group behind the O' Neill's and All Bar One chains, has said. "On a like-for-like basis, sales in the first 42 weeks were up 3.1% with trading in the last 9 weeks to 16 July up by 2.8%," the company said.
Also in drinks, Britvic has lost some fizz. Another summer of disappointing weather has hit trading at the maker of orange juice, which also has the licence to sell Pepsi in the UK. Drinks sales had been holding up until below average weather resulted in a sharp contraction in the four weeks to 21 July.
Kitchen supplier Howden Joinery is building decent gains after it said profit for the half year increased by £1.9m as expectations for the year remain unchanged. Pre-tax profit rose to £23.5m in the 24 weeks to 11 June 2011 from £21.6m the same time a year earlier. Group revenue rose to £341.7m during the half year from £324.7m previously.
Today is proving a bit of an uphill struggle for Halfords. The bike and car parts retailer reported flat sales for the 13 weeks to 1 July.
FTSE 100 - Risers
AstraZeneca (AZN) 3,132.50p +3.30%
Royal Bank of Scotland Group (RBS) 35.16p +3.08%
Barclays (BARC) 228.60p +2.70%
Kingfisher (KGF) 258.80p +2.21%
Lloyds Banking Group (LLOY) 45.65p +1.64%
Diageo (DGE) 1,258.00p +0.96%
Associated British Foods (ABF) 1,084.00p +0.93%
International Consolidated Airlines Group SA (IAG) 233.60p +0.65%
Standard Chartered (STAN) 1,599.50p +0.47%
Tate & Lyle (TATE) 617.50p +0.41%
FTSE 100 - Fallers
Capita Group (CPI) 663.00p -4.88%
Xstrata (XTA) 1,336.00p -2.09%
Serco Group (SRP) 546.00p -1.97%
Glencore International (GLEN) 473.20p -1.83%
Eurasian Natural Resources Corp. (ENRC) 762.50p -1.68%
Kazakhmys (KAZ) 1,324.00p -1.63%
Antofagasta (ANTO) 1,400.00p -1.62%
Rio Tinto (RIO) 4,353.50p -1.52%
Vedanta Resources (VED) 1,821.00p -1.51%
BHP Billiton (BLT) 2,333.00p -1.33%
FTSE 250 - Risers
Petropavlovsk (POG) 844.50p +2.74%
Howden Joinery Group (HWDN) 110.30p +2.70%
Yule Catto & Co (YULC) 232.20p +2.29%
Catlin Group Ltd. (CGL) 400.90p +2.27%
Kier Group (KIE) 1,352.00p +1.20%
Stobart Group Ltd. (STOB) 141.40p +1.00%
Cable & Wireless Worldwide (CW.) 43.41p +0.95%
Renishaw (RSW) 1,802.00p +0.90%
Dignity (DTY) 795.00p +0.89%
Electra Private Equity (ELTA) 1,730.00p +0.87%
FTSE 250 - Fallers
Halfords Group (HFD) 336.40p -5.82%
Mitchells & Butlers (MAB) 277.50p -4.61%
JD Sports Fashion (JD.) 951.00p -3.94%
PZ Cussons (PZC) 365.30p -3.72%
Regus (RGU) 100.40p -3.37%
Berendsen (BRSN) 531.50p -3.28%
Daejan Holdings (DJAN) 2,803.00p -2.84%
Grainger (GRI) 118.70p -2.47%
Britvic (BVIC) 358.50p -2.34%
Punch Taverns (PUB) 68.00p -2.30%
| Related share prices |
|---|
| AstraZeneca (AZN) share price |
| Capita (CPI) share price |
| Kirkland Lake Gold Inc. (KGI) share price |
| Britvic (BVIC) share price |
| Howden Joinery Group (HWDN) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce share price
- Banco Santander price
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers share price
- Telecom plus share price
- Kier share price
- Punch taverns price
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

