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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holding PLC    RR.   GB00B63H8491

Delayed Quote. Delayed  - 02/22 05:35:20 pm
751.5 GBp   +2.59%
02/21 HSBC pulls FTSE lower
02/21 ROLLS ROYCE : wins Trent 700 order from Hawaiian Airlines
02/20 FTSE steadies after setting one-month high, Unilever slumps
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HSBC pulls FTSE lower

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02/21/2017 | 06:28pm CET
A worker shelters from the rain as he passes the London Stock Exchange in London

British shares fell 0.3 percent on Tuesday, dragged down by banking stocks as a week of full-year earnings releases for major listed banks began with a profit slump for HSBC.

The blue-chip FTSE <.FTSE> index fell 0.3 percent, with HSBC (>> HSBC Holdings plc) down 6.5 percent, its worst day in 18 months, after its results. The bank has a more than 6 percent weighting on the index.

HSBC announced a 62 percent slump in profits for 2016, worse than analysts were expecting, due to writedowns from restructuring.

"The group flagged multiple headwinds (totalling $3 billion) for 2017. We believe the key question is to what extent the group will be able to offset these through volume growth," said Goldman Sachs analysts in a note.

HSBC shares had rallied 70 percent from April 2016 to Monday's close.

Financial services company Hargreaves Lansdown (>> Hargreaves Lansdown PLC) and Standard Chartered Bank (>> Standard Chartered PLC) tracked HSBC lower. Hargreaves Lansdown was also smarting from a downgrade to "underperform" by Bernstein.

The FTSE 350 banking index <.FTNMX8350> was down 3.9 percent, its worst day since the Brexit referendum aftermath at the end of June 2016. Lloyds, Barclays, RBS and Standard Chartered will post full-year results in the coming days.

"It will be interesting to see how the other banks perform, because HSBC might have a competitive advantage because of its Asia focus and diversification," said Ipek Ozkardeskaya of LCG Capital.

Mediclinic (>> Mediclinic International PLC) was down 6 percent after the South African private healthcare provider said it expected a drop in revenue and margins at its Middle East business.

Miners Anglo American (>> Anglo American plc) and Fresnillo (>> Fresnillo Plc) were also weaker, despite a solid results update from the former.

Anglo American posted a 25 percent profit increase and said it would resume dividends by the end of 2017. It had cut net debt to $8.5 billion, and said it would sell further assets only to sharpen its focus, rather than because it needed the money.

"We are encouraged by free cash flow, deleveraging and diamonds. However, near term we are concerned Anglo is vulnerable to negative spot price momentum and South Africa headwinds," wrote UBS analyst Myles Allsop in a note.

The stock was down 0.9 percent. Announcing a wind-down of asset sales could be raising investors' concerns about the strength of Anglo's balance sheet, Ozkardeskaya said.

Rolls-Royce (>> Rolls-Royce Holding PLC) rose 3.5 percent, maintaining Monday's momentum after a Goldman Sachs upgrade to "buy". Educational publisher Sage Group (>> The Sage Group plc) was also a top gainer, up 2.3 percent after Stifel started coverage on the stock with a "buy" rating.

Oil services company Wood Group (>> John Wood Group PLC) was the worst performer on the mid-cap FTSE 250 index <.FTMC>, down 7.9 percent and scoring its biggest one-day drop since July 2011, after it posted a 62 percent fall in full-year profit, missing market estimates, citing a challenging oil and gas market.

(Reporting by Helen Reid; additional reporting by Danilo Masoni; Editing by Mark Trevelyan)

By Helen Reid

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02/21 HSBC pulls FTSE lower
02/21 ROLLS ROYCE : wins Trent 700 order from Hawaiian Airlines
02/20 FTSE steadies after setting one-month high, Unilever slumps
02/20 British FTSE 100 decreases 0.34 pct on Thursday
02/20 ROLLS ROYCE : *goldman raises rolls royce to conviction buy (neutral) - target 1..
02/18 British FTSE 100 decreases 0.14%
02/16 UK engineer Cobham plunges on another profit warning
02/15 *TRADERS : Socgen raises rolls royce price target to 575 (535) pence - 'sell'
02/15 ROLLS ROYCE : *s&p global cuts rolls royce group to 'sell' ('hold') - target 650..
02/14DJROLLS ROYCE : Reports Loss on Bribery Charges, Weak Pound -- 2nd Update
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Financials ( GBP)
Sales 2017 14 227 M
EBIT 2017 966 M
Net income 2017 456 M
Debt 2017 1 208 M
Yield 2017 1,74%
P/E ratio 2017 27,23
P/E ratio 2018 20,01
EV / Sales 2017 1,03x
EV / Sales 2018 0,99x
Capitalization 13 469 M
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Rolls-Royce Holding PLC Technical Analysis Chart | RR. | GB00B63H8491 | 4-Traders
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Mean consensus HOLD
Number of Analysts 22
Average target price 6,70  GBP
Spread / Average Target -8,6%
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David Warren Arthur East Chief Executive Officer & Director
Colin Peter Smith Group President & Director
Ian Edward Lamert Davis Chairman
Simon Neil Kirby Chief Operating Officer
David Miles Smith Chief Financial Officer & Director
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