Advertisement

Latest Stock Market Update

by isleofman.com 25th January 2011


RAMSEY CROOKALL & CO

EVENING REPORT 25 January 2011

Britain’s economy shrank in the fourth quarter, surprising analysts who had only been expecting a slight slowdown from the solid growth seen the previous three months. Gross domestic product (GDP) contracted by 0.5% between October and December according to figures released by the Office for National Statistics (ONS), having grown by 0.7%in the previous three months. The latest figures are still be revised, but are still a shock given that analysts had been expecting growth of about 0.2% to 0.6%.

In Market news, miners were in decline with African Barrick Gold leading them down.  Randgold Resources and Kazakhmys were also lower.

Elsewhere, European banks were also out of favour with Lloyds Banking the biggest faller.

International Consolidated Airlines fell  back on its second day of trading.

Friends Provident, the trading business of life insurance consolidator Resolution, has appointed Lloyds Banking man Andy Briggs as chief executive with current incumbent Trevor Matthews moving to a new post of vice chairman. This has sparked a rise in the Resolution share price.

Finally, AIM-quoted Craneware, which provides revenue calculating software to US hospitals, says that its interim profit is set to grow by more than one-third.  Revenues are 24% ahead at $16.6m in the six months to December 2010, while EBITDA is likely to be 35% higher at $4.6m.

THE FTSE 100 CLOSED DOWN 26 @ 5917

THE DOW JONES AT 4.30 IS DOWN 108 @ 11,980

THE NASDAQ COMP AT 4.30 IS DOWN 18 @ 2698

Exchange Rates

GBP – USD 1.58 GBP - EURO 1.15







Posted by isleofman.com
Tuesday 25th, January 2011 05:11pm.

Popular Articles

Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide