FTSE 100 movers: Standard Chartered meets expectations

2nd Mar 2011 14:09

Asia-focused bank Standard Chartered reported profits in line with forecasts at $6.12bn. This year has got off to a flying start, with the group enjoying a record January, both in terms of income and profit. Outsourcer Serco says that it foresees "headwinds" in 2011 as the government's austerity measures bite, but still expects to make progress towards its 2012 targets. Serco posted strong figures for 2010 with profits up by 21% to £214m on sales up 9% to £4.33bn. The 2010 dividend rises by nearly 18% to 7.35p a share. Revenue growth at hotel, coffee shops and pubs operator Whitbread slowed sharply in the past four months, though it still made steady headway. In a seventeen week period that included the blizzards of December, like-for-like sales growth slowed to 3.9% from 6.7% over a fifty week period.FTSE 100 - Risers Standard Chartered (STAN) 1,684.00p +4.08%Serco Group (SRP) 567.50p +2.44%Cairn Energy (CNE) 440.30p +2.28%Lloyds Banking Group (LLOY) 63.08p +2.15%International Consolidated Airlines Group SA (IAG) 226.60p +1.71%Fresnillo (FRES) 1,623.00p +1.69%Randgold Resources Ltd. (RRS) 5,065.00p +1.10%Vedanta Resources (VED) 2,394.00p +1.06%United Utilities Group (UU.) 592.50p +1.02%Autonomy Corporation (AU.) 1,666.00p +0.85%FTSE 100 - Fallers Whitbread (WTB) 1,641.00p -5.36%Rolls-Royce Group (RR.) 592.00p -3.43%Bunzl (BNZL) 718.00p -3.23%Admiral Group (ADM) 1,655.00p -3.10%TUI Travel (TT.) 230.10p -2.95%Rexam (REX) 355.70p -2.79%International Power (IPR) 325.00p -2.46%Essar Energy (ESSR) 513.50p -2.28%Petrofac Ltd. (PFC) 1,415.00p -2.28%Amec (AMEC) 1,122.00p -2.26%