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View the article online at http://citywire.co.uk/wealth-manager/article/a722455

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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Co-op files £2.5bn loss after 'disastrous' 2013

by David Campbell on Apr 17, 2014 at 09:20

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