UK MARKET TALK ROUNDUP: SHARES LOSING

28th Jun 2010 08:06

Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0706 GMT [Dow Jones] Standard Chartered (STAN.LN) offers a decent trading update, says Shore Capital, largely consistent with its expectations. Says group underlying income and profits are ahead of the comparable period in 2009, although the 1H performance has been tempered by quieter close to the period for Wholesale Banking. Adds its balance sheet remains strong, with stable loan to deposit levels, disciplined risk weighted asset growth and no direct exposure to sovereign debt in Southern Europe. Keeps a buy rating. Shares -1.2% at 1722p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 28, 2010 03:06 ET (07:06 GMT)