Standard Chartered Reports Record Year
The FTSE 100 index recovered from a slow start on Wednesday afternoon, reflecting gains on Wall Street to close up 49.15 points or 0.9% at 5,553.21, the first time it had closed above 5,500 points since January.
Dominic Turner
shareprices.com - Wednesday, March 03, 2010
Standard Chartered which focuses on emerging markets was the only FTSE 100 constituent company to report results on Wednesday. The bank reported a 13% rise in profits to $5.2 billion, or £3.5 billion, in 2009, slightly above market expectations and said that it would be paying bonuses – estimated at £750 million – to its staff, despite an announcement by Chief Executive Peter Sands that he was donating his own bonus, worth £2.1 million, to charity. Standard Chartered's share price closed up 84p or 5.28% at 1,647p.
ITV, the largest commercial television broadcaster in the UK and a FTSE 250 constituent company, reported a return to profit of £25 million last year compared with a loss of £2.7 billion. Revenue from television advertising fell by 9% to £1.29 billion during the year, but this was less than the market as a whole, which fell by 11%.
ITV predicted a 7% rise in advertising revenue for the first three months of 2010, with a further increase of between 15% and 20% in April, although it warned of tougher market conditions later on in the year. Chairman Archie Norman said that ITV gains nothing from the proposed cutbacks at the BBC and its share price closed down 0.1p or 0.18% at 55p.
Latest News
- FTSE drops as Greek concerns escalate
24 May 2012 - FTSE climbs as EU summit approaches
22 May 2012 - FTSE climbs as markets calm
22 May 2012
Related News
- FTSE lower over global economic data woes
2 May 2012 - FTSE soars to 2012 peak
13 Mar 2012 - FTSE falls to 17 day low: Bernanke to blame
29 Feb 2012
FTSE 100 Latest
| Value | Change |
| 5,266.41 | 136.87  |
Create a Watch List 
Track your favourite stocks
Create & monitor portfolios
Daily portfolio value
News
- FTSE drops as Greek concerns escalate
24 May 2012 - FTSE climbs as EU summit approaches
22 May 2012 - FTSE climbs as markets calm
22 May 2012 - FTSE falls further as ratings agency action worsens fears
20 May 2012 - FTSE plummets further as Greece dominates markets
17 May 2012 - Greek crisis continues to pressure markets
16 May 2012 - FTSE plunges further as Greece heads for the polls...again
15 May 2012 - FTSE nosedives over Greece concerns
15 May 2012 - Late surge for FTSE to finish in the blue
14 May 2012 - FTSE breaks losing streak; aid reached Greece
10 May 2012
