The London market sank deeper into the red as investors punished outsourcing stocks amid persistent concerns over Capita’s financial strength. The group posted underlying earnings of 15.8 billion dollars (£11.2 billion) for 2017, up from 7.2 billion dollars (£5.1 billion) the previous year. Shell said bottom line profits jumped to 12.1 billion dollars (£8.5 billion), up from 3.5 billion dollars (£2.5 billion) in 2016, while fourth quarter underlying earnings rose 140% to 4.3 billion dollars (£3 billion). Shares in Royal Dutch Shell B sank in excess of 2%, or 63.5p to 2,432.5p. The biggest fallers were Vodafone down 10.2p to 214.4p, Royal Dutch Shell B down 63.5p to 2,432.5p, Relx down 38p to 1,520p, Royal Dutch Shell A down 56p to 2,406.5p.

Source: Irish Independent February 01, 2018 18:11 UTC