FTSE 100 movers: Royal Dutch Shell fails to impress

3rd Feb 2011 13:54

Royal Dutch Shell did not impress the market with more than quadrupled fourth quarter profits. Higher energy prices, an increase in production and cost-cutting provided the positive momentum. Earnings for the last three months of 2010 on a current cost of supplies (CCS) basis surged to $5.7bn from $1.2bn a year ago. They grew 90% to $18.6bn for the full-year. Excluding certain items, earnings grew to $4.1bn from $2.8bn last time. The dividend stays at 42 cents a share.International Consolidated Airlines is continuing its post merger decline. Shares in GlaxoSmithKline have reacted favourably to the drug developer's 2010 figures. Generic competition hit revenues, which were down 1% to £28.4bn. Pre-tax profits were down to £4.5bn from £8.7bn. The full-year dividend was raised by 7% to 65p a share. Strong growth in broadband subscribers and a recovery in its global business meant that telecoms group BT lifted profits by almost one-third in the third quarter.International Power has completed its merger with subsidiaries of GDF Suez. FTSE 100 - Risers Aggreko (AGK) 1,487.00p +4.20%GlaxoSmithKline (GSK) 1,165.00p +3.33%Royal Bank of Scotland Group (RBS) 43.84p +3.18%BT Group (BT.A) 183.90p +3.03%United Utilities Group (UU.) 563.50p +2.45%GKN (GKN) 198.10p +2.22%International Power (IPR) 411.80p +1.68%Smith & Nephew (SN.) 716.50p +1.42%ARM Holdings (ARM) 579.00p +1.31%Xstrata (XTA) 1,439.50p +1.02%FTSE 100 - Fallers Royal Dutch Shell 'B' (RDSB) 2,167.00p -3.73%Royal Dutch Shell 'A' (RDSA) 2,188.50p -3.48%Sage Group (SGE) 291.90p -2.93%Next (NXT) 1,985.00p -2.17%Autonomy Corporation (AU.) 1,550.00p -1.90%Lloyds Banking Group (LLOY) 63.17p -1.85%Eurasian Natural Resources Corp. (ENRC) 1,057.00p -1.77%International Consolidated Airlines Group SA (IAG) 254.70p -1.70%BP (BP.) 480.50p -1.54%SABMiller (SAB) 2,072.50p -1.26%