This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-39074797
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
FTSE 100 dips as RBS shares fall | FTSE 100 dips as RBS shares fall |
(about 1 hour later) | |
London's stock market opened slightly lower as investors digested another raft of company results. | London's stock market opened slightly lower as investors digested another raft of company results. |
Shortly after trading began, the benchmark FTSE 100 index was down 5.87 points at 7,265.50. | Shortly after trading began, the benchmark FTSE 100 index was down 5.87 points at 7,265.50. |
Shares in Royal Bank of Scotland fell 2.2% after the bank reported yet another hefty annual loss. | Shares in Royal Bank of Scotland fell 2.2% after the bank reported yet another hefty annual loss. |
The £7bn loss for 2016 was far worse the £2bn deficit posted in the previous year. It was the ninth year in a row RBS has failed to make a profit. | The £7bn loss for 2016 was far worse the £2bn deficit posted in the previous year. It was the ninth year in a row RBS has failed to make a profit. |
Pearson shares were down 1.7% after the education services group reported a full-year loss of £2.6bn. The company has been hit by a downturn in sales of text books in the US. | Pearson shares were down 1.7% after the education services group reported a full-year loss of £2.6bn. The company has been hit by a downturn in sales of text books in the US. |
There was better news for airline group IAG - which owns British Airways and Iberia. Shares in the company rose 2.5% after it reported pre-tax profits of 2.4bn euros, despite being hit by the weaker pound. | There was better news for airline group IAG - which owns British Airways and Iberia. Shares in the company rose 2.5% after it reported pre-tax profits of 2.4bn euros, despite being hit by the weaker pound. |
In the FTSE 250, shares in property website Rightmove fell 4%, despite it reporting an 18% rise in operating profit to £161.6m. | In the FTSE 250, shares in property website Rightmove fell 4%, despite it reporting an 18% rise in operating profit to £161.6m. |
Rightmove also announced that Peter Brooks-Johnson, currently the company's chief operating officer, would take over as chief executive when Nick McKittrick retires in May. | Rightmove also announced that Peter Brooks-Johnson, currently the company's chief operating officer, would take over as chief executive when Nick McKittrick retires in May. |
Shares in William Hill were up 2% after the bookmaker reported a slight increase in annual pre-tax profits to £225.6m. | |
However, operating profits fell 10% to £261.5m amid tough competition and following a number of unfavourable sports results. | |
The company - which has been without a permanent chief executive since last July - said it expected to name a new head "in a few weeks' time". | |
On the currency markets, the pound slipped 0.1% against the US dollar to $1.2542 and also fell 0.1% against the euro to 1.1852 euros. | On the currency markets, the pound slipped 0.1% against the US dollar to $1.2542 and also fell 0.1% against the euro to 1.1852 euros. |