LONDON -- By midday, the FTSE 100
But an index that isn't moving much can hide a multitude of risers and fallers, so here's a quick look at three shares lagging behind the FTSE indexes today.
Out of the frying pan…
Aga Rangemaster
Tough market conditions and patchy demand have led sales and operating profits for the first half to fall a little below last year, though the company still expects to achieve sales and profit growth for the full year.
Is Aga a good buy now from a value perspective? Stephen Bland casts his eye over it.
Washed out by rain
Marshalls
Business was good in the first quarter, but since then, trading conditions have turned bad through the end of June, with domestic sales down 14%. The near-incessant rain has been at least partly to blame, knocking an estimated 10 million pounds off sales in the second quarter.
A program of cost and inventory reduction and cash conservation is now to be implemented, bringing with it a one-off 7 million pound charge.
Construction fallout continues
After a couple of broker downgrades, Carillion
This follows from Wednesday's trading update telling us that first-half revenues were lower and conditions in the market are challenging. It moved UBS and Liberium Capital to lower their price targets from 285 pence to 230 pence and from 270 pence to 235 pence, respectively.
But if current dividend forecasts hold, we'll be looking at a full-year yield of nearly 7%. It could be one for a bold contrarian play!
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