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
Relateret debat
21 maj - 
Til dem af Jer som følger eller er lang i BP - eller Br..

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

Danske Bank får løftet pegefinger af Finanstilsynet

07-07-2015 16:21:10
Finanssektorens vagthund, Finanstilsynet, er ikke udtalt tilfreds med Danske Banks risikostyring og vil løbende holde øje med, om bankens styring er tilstrækkel..

B&O: Britiske myndigheder kigger på salg til Harman - GENT

07-07-2015 12:28:53
De britiske konkurrencemyndigheder overvejer, om Bang & Olufsens salg af selskabets bilstereoaktiviteter til amerikanske Harman International risikerer at gå ud..

Aktier/åbning: Bavarian stryger til tops efter ny koppeordre

07-07-2015 09:36:08
Bavarian Nordic ligger i den absolutte top på fondsbørsen tirsdag morgen. Selskabet, der før fondsbørsens åbning meddelte, at det har fået en ny ordre af den am..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Græsk: IMF afviser at udbetale penge til Grækenland
2
Aktier/tendens: Den græske sitiation er regnet ind i aktierne
3
Euroformand: Det bliver svært efter græsk nej
4
Aktier/åbning: Bavarian stryger til tops efter ny koppeordre
5
Bavarian får Imvamune-ordre på 133 mio. dollar - NY

Relaterede aktiekurser

BP PLC $0.25 418,55 -2,6% Fald i aktiekurs
Rolls-Royce Holdings PLC.. 759,50 -5,4% Fald i aktiekurs
Centrica ORD 6 14/81P 259,80 -2,8% Fald i aktiekurs
BP p.l.c. 39,41 -1,3% Fald i aktiekurs
Royal Dutch Shell PLC 'A.. 1.760,68 -1,5% Fald i aktiekurs
Royal Dutch Shell PLC 'B.. 1.776,48 -1,3% Fald i aktiekurs
Royal Dutch Shell PLC CL.. 55,25 -1,3% Fald i aktiekurs
SSE PLC ORD 50P 1.541,00 -2,1% Fald i aktiekurs
Icap PLC Ord 10p 505,15 0,9% Stigning i aktiekurs
Burberry Group PLC 1.537,31 0,2% Stigning i aktiekurs
Royal Dutch Shell PLC CL.. 55,45 -1,7% Fald i aktiekurs
Britvic PLC Ord 20p (WI) 709,00 -0,1% Fald i aktiekurs
Royal Dutch Shella 24,84 -2,0% Fald i aktiekurs
Royal Dutch Shellb 24,92 -2,2% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
7. juli 2015 19:49:21
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150706.1 - EUROWEB1 - 2015-07-07 19:49:21 - 2015-07-07 19:49:21 - 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