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...
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.
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.
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.
Talking of the oil and gas industry, the latest Motley Fool report, "How To Unearth Great Oil & Gas Shares" explores the business and offers guidance on seeking promising investments. Click here to get your copy while it's still available.
Investing is by no means easy in today's uncertain economy. That's why we've published " Top Sectors for 2012 " -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.
Further Motley Fool investment opportunities:
Alan does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.