SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Market Update : 
UK Stocks Fall, Xstrata Net Up 13%
Author: 123jump.com Staff
123jump.com
Last Update: 3:19 PM EST March 03 2008


(Continued)

Email article | Print article

UK stocks fell on the weakness in European trading and economic worries. HSBC reported 21% rise in earnings but issued a cautious outlook for 2008. Several brokers lowered earnings outlook for Goldman Sachs, Merrill Lynch, Bear Stearns, and Lehman. HSBC reported 2007 earnings rise of 21% to $19.2 billion. Xstrata reported 2007 earnings rise of 13% to $5.54 billion on sales rise of 12% to $28.5 billion.

 
Kingspan Group Plc reported today full-year net income rose to 187.3 million euros from 151 million euros, while sales increased 27% over last year to 1.86 billion euros.

Revenues from the U.K. advanced 26% to 1.04 billion euros.

World Markets Indexes

In Tokyo Nikkei 225 Index closed lower 610.84 or 4.49% to 12,992.18, in Hong Kong Hang Seng index decreased 746.70 or 3.07% closed to 23,584.97. Australia ASX 200 index decreased 166.30 or 2.98% to close 5,405.80.

In South Korea Kospi Index decreased 39.89 or 2.33% to close at 1,671.73, in Thailand SET index closed lower 2.84 or 0.34% to 842.92 and Indonesia JSE Index edged decreased 69.63 or 2.56% to 2,652.31. Sensex index in India decreased 900.84 or 5.12% to 16,677.88.

In London FTSE 100 Index closed lower 65.70 or 1.12% to 5,818.60, in Paris CAC 40 Index decreased 48.00 or 1.00% to close at 4,742.66 and in Frankfurt DAX index lower 58.18 or 0.86% to close at 6,689.95. In Zurich trading SMI decreased 129.98 or 1.73% to close at 7,403.88.
Back More: Market Update Archive

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

©1999-2008 123jump.com. All rights reserved