The group titles telecoms based in the United Kingdom, who was beaten by the coalition, reducing spending, fell 3.8 - or 5 24pc - 68¾ after he revealed that Tim Weller will be leaving the company in June to "pursue new challenges".
The Daily Telegraph understands that Mr. Weller, who had been in the role of less than a year, will collect nearly 1 m £ in compensation following the termination of his contract. He will be replaced by his assistant Ian Gibson.
The announcement was compounded by a short note of Liberum capital, warned that the departure of Mr. Weller was likely to be "poorly received" by investors.
Reiterating its "sell" on society, she added: "Mr Weller was, in our view, universally well regarded and just happened to STC last May." He came to the STC with a solid reputation of his time at United Utilities. »
Disclosure of the STC came when the London Stock Exchange fell further after losses Thursday with the Japanese earthquake striking companies through the market. The FTSE 100 hardened 16.62 at 5828.6 points, equivalent to a weekly loss of 2 FP7, its worst performance in addition to eight months. During this time, the broader 250 FTSE fell 106.11 to 11409.53.
Insurers have been hardest hit by the earthquake of magnitude 8.9 as fears mounted on the volume of disaster said they are likely to face this year, after the earthquake of February in New Zealand.
RSA fell 3.5 to 133 p, while Legal & General tempered 2.3 for 115.2 p and Prudential another negative 14 to 721 sense p across the sector. Aviva shares also dropped 6.9 at £ 453. 9 p.
Despite the decline of the sector, no insurer FTSE 100 is likely to suffer claims significant earthquake of as losses will be absorbed by General insurers. Although RSA and Aviva sell general insurance policies, RSA insisted his exposure to the Japan is "unlikely to be substantial" while Aviva said he had "no exposure at all."
Analysts said insurers operating in the popular Lloyd of London market insurance would be among the hardest hit.
Also, Carnival, the largest operator of cruise in the world, is one of the biggest losers of the day, fell 72 percent to £ 26 on fears that unrest in the Middle East and rising oil prices will have an impact on its profits from 2011. In a brief statement, the company said: "prices current spot for exchange rates fuel and currency, earnings per share full year 2011 would be lower by about $0.40." In addition, the company estimates that the impact of changes in routes in the Middle East and North Africa will result in a reduction of approximately $0.05 per share for the rest of the year. »
At the other end of the scale, Aggreko reversed early losses to rise 17 percent to £ 14.07.
Temporary power provider warned that instability in the Middle East "the task of predicting the outcome of the year more than usually difficult" as profit before tax rose 24 FP6 to £ 307. 1 m in 2010. Analysts at Investec maintained their rating on the company to "buy", but warned: "there is no underlying improvements today, forecasts that may disappoint some, the crisis in the Middle East and Africa."
ARM Holdings, which designs chips for mobile devices, including Apple iPhone and iPad, gained 0.5 to 523 p. Royal Bank of Scotland has reiterated its "buy" rating on the company, with an emphasis on the fact that "over supply" issues would be not a serious problem in the long term, despite the concerns of some investors.
Among the smaller caps, retailer JD Sports reaches 47 p 930 after excluded society one sportswear made a bid for the smaller rival JJB Sports.
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