Showing posts with label ccl. Show all posts
Showing posts with label ccl. Show all posts

Monday, January 16, 2012

Dropping like flies

The market is certainly been acting goofy the last week ...

TSCO (Tescos) the supermarket chain - market cap £25.4b - down 16% on Thu 12-Jan-2012. It reported UK LFL sales down 1.5%.

ISYS (Invensys) the software company - market cap £1.5b - down 21% on Fri 13-Jan-2012. It warned that profits would be signficiantly lower due to contract delays and engineering problems.

CCL (Carnival) the cruise operator - market cap £4.8b - down 19% on opening trade on Mon 16-Jan-2012. One of its ships, Costa Concordia, grounded. The loss is expected to be $85-$95m. A drop of 19% corresponds to a loss in market value of £96m, which is about $146m.

Interesting times. Who's next, I wonder.