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FTSE grounded as Standard Chartered disappoints
by Chris Marshall on Dec 04, 2013 at 09:46
Full year pre tax profits fell 51%, but the group told shareholders it was on track to meet growth targets.
Shares trading without their dividend appeal exerted a drag. Associated British Foods (ABF.L), Aberdeen Asset Management (ADN.L), Land Securities (LAND.L), London Stock Exchange (LSE.L), National Grid (NG.L), SABMiller (SAB.L) and Severn Trent (SVT.L) were all trading ‘ex-dividend’.
The pound fell 0.3% to $1.6357 after a report showed that UK services sector growth slowed in November. The PMI reading of 60, while down from October’s 62.5, still represents strong growth, falling well above the 50 breakeven level. It was ‘one of the best performances for the sector we’ve seen since data were first collected in 1996,’ Chris Williamson, of data company Markit commented.
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- Standard Chartered PLC (STAN.L)
- Tesco PLC (TSCO.L)
- The Sage Group PLC (SGE.L)
- Associated British Foods PLC (ABF.L)
- Aberdeen Asset Management PLC (ADN.L)
- London Stock Exchange Group PLC (LSE.L)
- National Grid PLC (NG.L)
- SABMiller PLC (SAB.L)
- Severn Trent PLC (SVT.L)
- Lloyds Banking Group PLC (LLOY.L)
- Land Securities Group PLC (LAND.L)