28 jun: Når lav risiko giver højt afkast
17 jul: Test
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: Spotrater på Asien-Europa fortsætter faldet

20-10-2017 16:04:59
Spotpriserne for containerfragt på de vigtige ruter mellem Asien og Europa faldt i denne uge med 0,7 pct. til 681 dollar per tyvefodscontainer (teu).Det skriver branchemediet Journal of Commerce, der henviser til data fra Shanghai Shipping Exchange.Spotprisen på verdens travleste handelsrute fortsætter derfor de negative tendenser, der også gjorde sig gældende i sidste uge, hvor spotpriserne faldt..

Novo: Fiasp godkendt i USA

29-09-2017 16:20:48
De amerikanske sundhedsmyndigheder, FDA, har godkendt Fiasp (hurtigtvirkende insulin aspart), en ny hurtigtvirkende måltidsinsulin, til behandling af voksne med diabetes.Det oplyser Novo Nordisk.FDA's beslutning kommer, efter at kliniske studier har dokumenteret, at Fiasp giver fordele for mennesker, der har behov for en forbedret generel blodsukkerregulering.- Vi er meget glade for, at Fiasp nu o..

Atlantic Petroleum: Direktør fratræder 1. december

29-09-2017 14:02:37
Topchefen for Atlantic Petroleum, der er noteret i Norge og København, direktør Ben Arabo, har opsagt sit job for at tiltræde et andet job på Færøerne.Det oplyser selskabet.Han vil dog blive hos Atlantic Petroleum til 1. december./ritzau/FINANSClaus Mikkelsen +45 33 30 03 35 Ritzau Finans, E-mail: finans@ritzau.dk , www.ritzaufinans.dk

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Centrica PLC ORD 6 14/81.. 173,05 0,0% Aktiekurs uændret
Rolls-Royce Holdings PLC.. 926,00 0,0% Aktiekurs uændret
SSE PLC ORD 50P 1.386,00 0,0% Aktiekurs uændret
BP PLC $0.25 491,89 0,0% Aktiekurs uændret
BP p.l.c. 38,80 0,0% Aktiekurs uændret
Burberry Group PLC ORD 0.. 1.905,31 0,0% Aktiekurs uændret
Royal Dutch Shell PLC 'A.. 2.313,50 0,0% Aktiekurs uændret
Royal Dutch Shell PLC 'B.. 2.353,50 0,0% Aktiekurs uændret
Royal Dutch Shell PLC Ro.. 62,93 0,0% Aktiekurs uændret
Royal Dutch Shell PLC Ro.. 61,01 0,0% Aktiekurs uændret
Britvic PLC ORD 20P 764,50 0,0% Aktiekurs uændret
Royal Dutch Shella 25,94 0,0% Aktiekurs uændret
Royal Dutch Shellb 26,71 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
21. oktober 2017 23:07:59
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20171020.1 - EUROWEB6 - 2017-10-21 23:07:59 - 2017-10-21 23:07:59 - 1 - Website: OKAY