FTSE 100 holds steady as Argos profts drop


FTSE 100 holds steady as Argos profts drop
The FTSE 100 was up slightly this morning as traders took stock of the panics surrounding swine flu and retails and property took a hit.

At 8:40 BST, the index stood at 4,107.58 – a rise of 11.18 points or 0.27 per cent.

British Airways bounced back from its flu scare – up 4.12 per cent, while miners Fresnillo and Kazakhmys rose 3.68 per cent and 3.58 per cent respectively.

Lloyds Banking rose 3.35 per cent to 98.80p and Royal Bank of Scotland gained 3.06 per cent to 33.70p.

Leading the drops was property specialist Liberty – down 4.94 per cent – while British Land dropped 2.32 per cent, and Land Securities fell 2.13 per cent.

A shadow passed over the retail sector as Home Retail – the owner of Homebase and Argos – saw pre-tax profits fall 24 per cent to £328 million while sales fell one per cent.

The firm's chairman warned of a challenging year for retail.

Home Retail was down 2.04 per cent and Tesco fell 2.85 per cent.

Last night in New York, the Dow Jones closed down 0.10 per cent – at 8016.95 – after standing in positive territory for much of the day.

The S&P 500 in Chicago was down 0.27 per cent.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure