RAMSEY CROOKALL & CO
EVENING REPORT
8 NOVEMBER 2010
The FTSE drifted lower over the lunchtime session as the afterglow of the Fed’s
quantitative easing boost began to fade. There was also an element of caution
ahead of this week's Group of 20 meeting in South Korea.
It’s been an unusually busy Monday for company results, with satellite operator
Inmarsat the pick of the bunch. The company saw strong growth in its aeronautical
and leasing services in the third quarter. Total revenue in the three months
ended 30 September rose 18.8% to $308.8m from $260.0m the year before. Inmarsat
closed up at 675p.
Royal Dutch Shell is to raise more than £2billion by selling down its stake in
Aussie oil and gas company Woodside Petroleum. Royal Dutch Shell closed down
18 at 2026
BAE Systems reported that it could pick up a huge order from India for
Eurofighters. Rolls-Royce, however, went the other way after more criticism over
the Qantas engine problems and reports of possible litigation for patent
infringement
Finally, Oil group Afren says a security breach has occurred on the High Island
VII jackup rig, which had recently arrived on location, preparing to commence
infill drilling at the Okoro field. Two crew members are stable after receiving
wounds to the leg, and have been evacuated by helicopter to a shore-based clinic.
It is believed that five crew members have been taken hostage, Afren said.
THE FTSE 100 CLOSED DOWN 27 @ 5848
THE DOW JONES AT 4.40PM IS DOWN 53 @ 11,393
THE NASDAQ COMP AT 4.40PM IS DOWN 4 @ 2574
Exchange Rates
GBP – USD 1. 61
GBP – EUR 1. 15
??
Researching your Manx family history can be a very interesting and rewarding hobby. Trace your roots in the Isle of Man with our helpful of guide.
