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CFD Traders DiaryFocus moves away from the financials for a change29/2/2008 After a week dominated by action in the financials, that reporting season has more or less finished and we can now look at other sectors after a very busy week for reports. Again there has been both good and bad news, which would explain the oscillating nature of the FTSE 100 index, and today the reports from blue chips were generally pretty good. Capita followed up their previous good statements with another solid performance to complete a successful 2007, which showed a 19% rise in underlying pre-tax profit. Given that it remains confident amid strong demand for outsourcing and good trading conditions across the group, this morning's slight drop in the shares looks a little churlish.
United Utilities, often considered dull but worthy, said they remained confident of delivering the company's regulatory outputs and efficiency targets over the 2005-10 regulatory review period, but there was little to set the world alight and the shares have settled into a trading range for now
Turning to a much more cyclical stock, full year revenues at United Business Media were very impressive and above market forecasts. The group is on track for this year and after drifting down for some months, we might be at the start of a new upward trend in the share price here. Similar sentiments might apply to WPP, which saw revenues up 4.7% in 2007 and said 2008 should be a better year than last year, and the shares if anything, look a little stronger on a chart view. |
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