Standard Chartered, Greene King up on FTSE |
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| Strategic Finance | |
| Written by Gary Howes | |
| Thursday, 02 July 2009 | |
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The FTSE 100 index is down this morning largely in line with a depressed close on Wall Street, but there are some stocks doing well.
The FTSE 100 is down 0.87% at 4,303.11 at 9:44am. (INDEXFTSE:.FTSE). The brewing and pub group Greene King has reported profits that beat forecasts it made at the time of its rights issue in April that raised over £200m for the group. Greene King shares (LON:GNK) are up 2.93% this morning. Standard Chartered (LON:STAN) is set to boost its Asian presence as Royal Bank of Scotland (LON:RBS), which is 70 per cent owned by the taxpayer, has moved closer to selling its Asian businesses. Standard Chartered and Australia & New Zealand Banking Group (ANZ) are closing in on a deal to split RBS's retail and commercial banking divisions in Asia. HSBC is also understood to be still in involved in the process, reports the Independent. Rio Tinto (LON:RIO) is amongst the mornings losers coming in 1.11% down. Rio Tinto shareholders have taken up 96.97% of the shares offered to them as part of the miner's $15.2bn fully underwritten rights issue. The group said on Thursday it received valid acceptances in respect of 508.6m new shares at £14 each. Specialist computer and video games retailer Game Group reported a 15.4% drop in like for like sales in the 21 weeks to 27 June, but said it remains confident in the outlook for the full year. Oilfield support services firm Petrofac has landed a gas compression project worth over $350m. Petroleum Development Oman (PDO) has awarded Petrofac a contract for the Kauther gas-field depletion-compression project. Pizza delivery outfit Domino's Pizza has purchased an equipment leasing business from Dresdner Kleinwort Leasing.
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