No Honeymoon for the FTSE today!

No honeymoon to be seen in the markets today just a pretty directionless malaise in light of recent events.


FTSE 100 @ 6056.94, -12.96 (-0.21%) as at 12:43pm


Notably for the virtual portfolio:


- R-R @ 632p, - 9.5p (-1.48%)
- BP @ 455.05p, - 7.5p (-1.62%)
- William Hill @ 218.3p, - 5.2p (-2.33%)


Rolls-Royce down 9.5p. I can't see this being related to the AGM - Resolution 23 (see earlier post: Rolls-Royce AGM - Resolution 23 and the Golden Share!), so must assume that it is either:
- yet another delayed reaction to the announcement on the 24th April that in the US "lawmakers earlier this month omitted funds for the alternative engine in an agreement on a budget to cover U.S. government spending for the remainder of fiscal 2011 that ends Sept. 30" as detailed in www.selftrade.co.uk: UPDATE 2-US kills GE/Rolls Royce engine for F-35 fighter;
- or a delayed reaction to the ex dividend date ( 21 April) when, on the day, the shares only fell 2.5p versus the dividend amount of 9.6p (initially issued in c shares prior to election).
- or, worryingly, that their might be something unknown in the Interim Management Statement to be released prior to the AGM. 
- But, it could feasibly still be related to Resolution 23.


BP continues to flounder in its own legal oil slicks with very little sign of a short term resolution.


William Hill, surprisingly given recent momentum, has fallen back today following a company announcement of a further acquisition in Nevada, USA as it seeks to establish a foothold in the US (www.sharecast.com: William Hill makes another Nevada acquisition)
Nevada provides the largest US sports betting market with a turnover of $2.7bn
It could be that the price is up with events and there is a bit of profit taking underway during the market's apathy.


Most recent related posts:
- Rolls-Royce AGM - Resolution 23 and the Golden Share!
- BP 2011 1st quarter results.
- William Hill still running.