11 jul: Danmark/Danske: Udvider vækstskepsis grundet europæisk krise
11 jul: ECB: Euro holdt stand på de internationale markeder i 2011
11-07-2012 13:44:00

LONDON MARKETS: U.K. Stocks Choppy As Burberry Drops

Relateret indhold

By Sara Sjolin and Preeti Upadhyaya, MarketWatch

LONDON (MarketWatch) -- U.K. stocks swung between small gains and losses on Wednesday, as luxury retailer Burberry Group PLC added pressure after reporting slowed growth in first quarter, while oil firms climbed along with rising oil prices.

The FTSE 100 index dropped 0.1% to 5,661.10.

Burberry (BURBY) posted the biggest loss in the index, off 5.8%. The company reported that fiscal first-quarter sales rose but the growth rate lagged that of the year-earlier period. At constant currencies, revenue jumped 11%, but that rate slowed from 34% in the year-ago quarter.

GlaxoSmithKline PLC (GSK) advanced 0.8% as its Japanese partner Shionogi-ViiV Healthcare reported progress in a Phase III study of dolutegravir in a regimen to treat certain adults with HIV. ViiV is a joint venture of GlaxoSmithKline and Pfizer Inc., the New York health-care firm.

For the broader U.K. markets, stocks tracked a volatile trading session in Europe, where investors cheered additional austerity in Spain, but remained cautious about growth in the global economy.

Oil firms lend support in the U.K., as oil prices rose above $85 a barrel.

BP PLC (BP) took on 0.8%, Royal Dutch Shell PLC (RDSA) (RDSB) picked up 0.6% and Tullow Oil PLC gained 0.8%.

Among other notable gainers, ICAP PLC was up 1.8% after announcing that the company expects to save 50 million pounds ($77.8 million) per year by the end of the current financial year, substantially cutting costs.

Weighing on the U.K. index, utility firm SSE PLC dropped 1.3%, after Morgan Stanley cut the stock to underweight from equal-weight. In addition, the bank cut Centrica PLC to equal-weight from overweight, citing tougher competition and the weak economy. Shares of Centrica lost 1.2%.

Rolls-Royce Holdings PLC shed 1.6% even as it announced it had won an order for its Trent engines worth $280 million Wednesday.

"I would assume that the $280 million Trent engines contract does not have a really significant size compared to Rolls Royce's order book value - which was £62.2 billion in 2011 - and company profit, being £11,277 million in 2011, to have a strong positive impact on the stock," said Henrik Heidenkamp, research fellow at Royal United Services Institute for Defence and Security Studies.

(END) Dow Jones Newswires

July 11, 2012 07:44 ET (11:44 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Shipping/Bimco: 2016 kan blive udfordrende for hele industrien

02-05-2016 15:38:02
Der er fortsat pres på fragtraterne, selv om tørlastindekset Baltic Dry er steget, siden det i februar ramte et historisk lavpunkt.Det vurderer Peter Sand, der ..

Mærsk: Konkurrent følger succes med nyt nødrateløft

02-05-2016 13:14:04
Efter den største ratestigning på Asien-Europa-ruten i år har det store franske containerrederi CMA CGM fået appetit på mere.CMA CGM vil hæve priserne på fragt ..

Aktier/åbning: Danske Bank løftes af norsk storbank

02-05-2016 09:27:45
Danske Bank har som ventet fået en grøn start på maj, efter at fredagens flotte regnskab fra banken har kastet en ny købsanbefaling af sig fra den norske storba..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas/ABM: Runevad-rygte kan godt presse aktien
2
Vestas-chef rygtes i spil som Ericsson-boss - citat - NY
3
Aktier/middag: Vestas i bunden af C20 efter Runevad-rygte
4
Aktier/tendens: Maj ser ud til at starte godt for Danske Bank
5
Aktier/åbning: Danske Bank løftes af norsk storbank

Relaterede aktiekurser

BP PLC $0.25 376,42 -1,5% Fald i aktiekurs
Centrica ORD 6 14/81P 238,72 -0,1% Fald i aktiekurs
Tullow OIL PLC ORD 10P 279,70 -0,6% Fald i aktiekurs
GlaxoSmithKline PLC 1.473,00 -1,1% Fald i aktiekurs
BP p.l.c. 33,62 0,1% Stigning i aktiekurs
Royal Dutch Shell PLC 'B.. 1.786,00 -1,9% Fald i aktiekurs
Royal Dutch Shell PLC 'A.. 1.792,80 -1,1% Fald i aktiekurs
Rolls-Royce Holdings PLC.. 680,83 -1,9% Fald i aktiekurs
Royal Dutch Shell PLC CL.. 52,94 0,1% Stigning i aktiekurs
SSE PLC ORD 50P 1.510,29 -0,8% Fald i aktiekurs
GlaxoSmithKline PLC 43,29 0,9% Stigning i aktiekurs
Burberry Group PLC 1.206,26 -0,6% Fald i aktiekurs
Royal Dutch Shell PLC CL.. 53,51 0,3% Stigning i aktiekurs
Icap PLC Ord 10p 468,64 -2,6% Fald i aktiekurs
Royal Dutch Shella 22,97 -0,1% Fald i aktiekurs
Royal Dutch Shellb 23,44 1,4% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
3. maj 2016 01:14:45
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160502.2 - EUROWEB3 - 2016-05-03 01:14:45 - 2016-05-03 01:14:45 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x