London open: Capita leads London lower

18th Nov 2011 08:47

London cannot escape the shadow of the Eurozone as shares open lower on fears of debt contagion among the European countries sharing the common currency.With the exception of GlaxoSmithKline, National Grid, Hargreaves Lansdowne and InterContinental Hotels, it is a clean sweep for the laggards among FTSE 100 constituents, with Capita leading the way down.The business outsourcing company says it expects to see organic revenue growth decline 7% in 2011, which means the trading picture in the second half of the year has not changed much from the first half. The saving grace for the company is the 14% growth derived from acquisitions which should boost the reported revenue figure by 7% for the full year, the company indicated.Tullow Oil, the independent oil major, has sold a 30% stake in its exploration operations in Suriname to the Norwegian company Statoil. In further news Tullow also reported that its Teak-3A appraisal well off the coast of Ghana has been a success. The well confirmed a northern extension of the Teak discovery on the West Cape "Three Points" Block .Mining giant Rio Tinto has, as expected, upped the terms of its agreed bid for Canadian uranium firm Hathor Exploration, after rival bidder Cameco trumped its initial offer. Rio Tinto's increased offer values Hathor at around C$654m, and represents a premium to Cameco's revised offer of C$4.50 per common share made on 14 November 2011. Rio is offering C$4.70 in cash per Hathor share.FTSE 100 - RisersGlaxoSmithKline (GSK) 1,390.00p +0.22%National Grid (NG.) 642.00p +0.08%Hargreaves Lansdown (HL.) 480.60p +0.06%InterContinental Hotels Group (IHG) 1,075.00p 0.00%FTSE 100 - FallersCapita Group (CPI) 642.50p -3.75%ARM Holdings (ARM) 600.50p -3.53%Lloyds Banking Group (LLOY) 24.93p -3.01%Xstrata (XTA) 938.30p -2.14%IMI (IMI) 737.00p -2.12%Barclays (BARC) 164.50p -2.11%Royal Bank of Scotland Group (RBS) 20.08p -2.05%Wolseley (WOS) 1,833.00p -1.93%Aviva (AV.) 291.40p -1.89%GKN (GKN) 181.40p -1.84%FTSE 250 - RisersPremier Foods (PFD) 4.95p +9.78%New World Resources A Shares (NWR) 450.90p +5.65%Dixons Retail (DXNS) 10.90p +4.11%SThree (STHR) 238.00p +2.90%Amlin (AML) 316.10p +2.80%Big Yellow Group (BYG) 250.30p +2.16%Bodycote (BOY) 272.40p +1.83%Atkins (WS) (ATK) 574.50p +1.77%Dunelm Group (DNLM) 483.70p +1.30%Cable & Wireless Worldwide (CW.) 20.72p +1.07%FTSE 250 - FallersChemring Group (CHG) 413.20p -14.63%Northgate (NTG) 228.00p -4.32%Jupiter Fund Management (JUP) 202.10p -4.22%Cape (CIU) 330.00p -2.97%Afren (AFR) 86.00p -2.82%Mothercare (MTC) 123.90p -2.67%Millennium & Copthorne Hotels (MLC) 386.60p -2.62%Templeton Emerging Markets Inv Trust (TEM) 540.00p -2.61%Brown (N.) Group (BWNG) 250.30p -2.61%Ophir Energy (OPHR) 261.10p -2.43%--jh