11 jul: Europa/luk: Burberry ramt på ventedag
12 jul: USA/aktier: Sent rally opblødte Fed-skuffelse på Wall Street
11-07-2012 18:23:00

LONDON MARKETS: U.K. Stocks Choppy; Burberry Drops, Oil Firms Rise

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 felt pressure after reporting slow growth in the first quarter, while energy shares climbed along with rising oil prices.

The FTSE 100 index closed with very slight gains at 5,664.48, after a choppy trading session.

The volatile trading activity was spurred by continued concerns over the euro-zone crisis, as European finance ministers have yet to announce any concrete solutions such as a banking or fiscal union, said Richard Hunter, head of U.K. equities at Hargreaves Lansdown.

Burberry shares (BURBY) posted the biggest loss in the U.K. index, off 7.4%. The company reported that first-quarter sales rose but that growth lagged the year-earlier rate. At constant currencies, revenue jumped 11%, but that rate slowed from 34% in the year-ago quarter. Wednesday marked Burberry's worst daily performance since late September 2011.

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.

Hunter cited a slowdown in growth in the Chinese economy as affecting demand "during this difficult time," and further mentioned that upcoming quarterly reports coming out of the U.S. might be weaker than expected.

U.S. stocks traded mostly in negative territory on Wall Street.

Among notable movers in the U.K., ICAP PLC closed up 1.2% 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.

Oil firms further headed north, as oil futures rose and traded around $86 a barrel. BP (BP) and Royal Dutch Shell (RDSA) (RDSB) both picked up 1%.

Weighing on the U.K. index, utility firm SSE PLC dropped 1.1%, after Morgan Stanley cut its rating to underweight from equal-weight. In addition, the bank downgraded Centrica PLC , down 0.9%, to equal-weight from overweight, citing tougher competition and the weak economy.

Rolls-Royce Holdings PLC shed 2.5%. The company 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.

Outside of the main index, shares of U.K. soft drinks maker Britvic PLC lost 13.4%, citing tough trading following a recall of Robinsons Fruit Shoot and Fruit Shoot Hydro juice drinks.

(END) Dow Jones Newswires

July 11, 2012 12:23 ET (16:23 GMT)

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

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Mærsk/Jyske: Markedet er snærvertsynet og kan blive skuffet

31-08-2016 16:19:19
Når A.P. Møller-Mærsk præsenterer resultaterne af den strategiske gennemgang, som konglomeratet er i gang med lige nu, så er der forskellige forventninger til, ..

Mærsk/Sydbank: Hanjins forlis vil være godt nyt for markedet-NY

31-08-2016 12:05:45
Det er tragisk men godt nyt for branchen, hvis verdens syvende største containerrederi, Hanjin Shipping, ender med at bukke under for de svære markedsvilkår.Det..

Aktier/åbning: C20 starter med dyk anført af Mærsk og Lundbeck

31-08-2016 09:23:43
En sænket anbefaling tynger A.P. Møller-Mærsk og Lundbeck fra åbningen på det danske aktiemarked onsdag, hvor C20 Cap-indekset efter ti minutters handel ligger ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Genmab/Sydbank: Godkendelse kan dæmpe presset på Arzerra
2
Mærsk/Sydbank: Hanjins forlis vil være godt nyt for markedet-NY
3
Novo/HSBC: Løfter anbefaling til "hold" fra "reducer"
4
Mærsk: Sydkoreansk rival tager skridt mod betalingsstandsning
5
Genmab får udvidet godkendelse til Arzerra i USA

Relaterede aktiekurser

BP PLC $0.25 427,90 -1,3% Fald i aktiekurs
Centrica PLC ORD 6 14/81.. 232,60 -0,5% Fald i aktiekurs
Royal Dutch Shell PLC 'A.. 1.860,50 -2,1% Fald i aktiekurs
Royal Dutch Shell PLC 'B.. 1.942,00 -1,8% Fald i aktiekurs
Rolls-Royce Holdings PLC.. 770,00 0,3% Stigning i aktiekurs
BP p.l.c. 33,92 -0,5% Fald i aktiekurs
SSE PLC ORD 50P 1.504,00 0,2% Stigning i aktiekurs
Royal Dutch Shell PLC Ro.. 48,99 -1,7% Fald i aktiekurs
Royal Dutch Shell PLC Ro.. 51,75 -1,8% Fald i aktiekurs
Burberry Group PLC ORD 0.. 1.304,80 -0,2% Fald i aktiekurs
Icap PLC ORD 10P 478,96 0,1% Stigning i aktiekurs
Britvic PLC ORD 20P 642,50 -0,4% Fald i aktiekurs
Royal Dutch Shella 22,02 -1,6% Fald i aktiekurs
Royal Dutch Shellb 23,21 -1,7% Fald 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.
 
31. august 2016 18:01:33
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160830.1 - EUROWEB2 - 2016-08-31 18:01:33 - 2016-08-31 18:01:33 - 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