LONDON -- The FTSE 100
But whatever the index aggregate is or isn't doing, individual shares are still moving up and down every day. We look at three members of the various FTSE indexes whose shares are sliding today...
Chemring
Chemring
Although business in the three months to July 2012 saw steady growth, the firm told us that it has discovered errors in a new Enterprise Resource Planning system being installed at its Florida subsidiary, and that there are delays to the start of production of one of its new products. Together, these are expected to knock 15 million pounds, or the equivalent of around 6 pence per share, off full-year operating profit.
G4S
Interim results from security firm G4S
Pre-tax profit for the period slumped 60% as a result, to 61 million pounds, even though revenue rose by 5.8% to 3.9 billion pounds. We also heard of a 24 million pound charge and the loss of more than 1,000 jobs as part of the firm's restructuring plan. But the biggest worry now has to be of longer-term damage to the company's reputation, and we won't really know the extent of that for some time.
Lamprell
Lamprell
The six-month period, which saw the share plunge by around 70%, was plagued by a series of contract delays and led to a series of profit warnings. The firm told us its order book is healthy, its financial position is secure, and that it is implementing changes across the company -- but it may take investors some time to be confident there are no more shocks to come.
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