LONDON -- The FTSE 100 (FTSEINDICES: ^FTSE ) slipped back from its recent highs by a few points in early trading. But fears that the U.S. Federal Reserve might start scaling back its economic-stimulus measures by the summer were quickly shrugged off, and the index climbed 0.5% to a new five-and-a-half-year high of 6,721 points by 9:30 a.m. EDT.
So which companies are putting a drag on the indexes today? Here are three whose share prices are falling and look set to lag the wider market.
Intertek
Shares in quality and safety expert Intertek have plunged 3.4% after the firm told us of a decline in margins for the first four months of the year.
The news countered a 9.9% rise in revenue for the period, leaving Intertek with a slightly increased adjusted operating profit. But even after today's fall, Intertek shareholders haven't done badly: Their shares have increased by more than 30% over the past 12 months.
Top Quality Companies To Invest In 2014: qinetiq group ord gbp0(QQ.L)
QinetiQ Group plc provides technical support, training, test and evaluation, and know-how to customers in the defense, aerospace, and security markets primarily in the United Kingdom and North America. The company offers various services, such as test and evaluation of land, sea, and air equipment; technical and information services; electro-magnetic compatibility and environmental testing; network engineering and communications solutions; cyber operations; software solutions; systems engineering; facility management and range design; military, aviation, and cyber and software training; and aerospace engineering that include design, simulate, instrument, embody, and evaluate aircraft and equipment. Its products include OptaSense to gather information from linear assets; Zephyr, an unmanned air vehicle to support payloads for surveillance or communications; X-Net, a vehicle arresting system to bring vehicles to a safe non-lethal stop; Q-Net to protect tactical and lightly a rmored vehicles from rocket-propelled grenades. The company also provides military robotics comprising Dragon Runner, a small unmanned ground vehicle (UGV); Dragon Runner 10, a micro UGV; Rascal, a sensor-carrying small ground robot; TALON, a man-portable robot; MAARS, a modular ground robot system; and Rangemaster for operations running on diesel engine. QinetiQ Group plc is based in Farnborough, the United Kingdom.
Top Quality Companies To Invest In 2014: Oak Ridge Financial Services Inc.(BKOR)
Oak Ridge Financial Services, Inc. operates as the holding company for Bank of Oak Ridge that provides financial services to individuals and small to medium-sized businesses primarily in Guilford County, North Carolina. The company?s deposit products include non-interest bearing checking, interest bearing checking and savings, money market, and NOW accounts, as well as certificates of deposit and time deposits. Its loan portfolio comprises consumer loans, such as automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and miscellaneous secured and unsecured personal loans; and commercial loans, including secured loans for working capital, expansion, and other business purposes, as well as secured and unsecured short to medium-term mortgage, construction, real estate mortgage, and small business administration guaranteed loans. The company also offers financial planning services; sells investment products, such as mutual funds, eq uities, and fixed and variable annuities; and provides courier, cash management, business and personal Internet banking, Internet bill payment, remote check capture, and mobile banking services. As of April 26, 2011, it operated five banking offices in Oak Ridge, Summerfield, and Greensboro. The company was founded in 2000 and is headquartered in Oak Ridge, North Carolina.
Best Penny Companies To Own In Right Now: Bank of South Carolina Corp.(BKSC)
Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking products and services to individuals, and small and medium-sized businesses in South Carolina. The company accepts a range of deposit products, which include checking accounts, negotiable order of withdrawal accounts, savings accounts, individual retirement accounts, and other time deposits, such as daily money market accounts and longer-term certificates of deposit. It also offers various commercial loans, including secured and unsecured loans for working capital, business expansion, and purchasing machinery and equipment; mortgage loans; industrial loans; real estate loans; loans to individuals for household, family, and other personal expenditures; and other loans, including overdrafts. In addition, the company provides Internet banking services, including online bill pay and remote deposit capture; credit cards; check card services; and saf e deposit boxes, letters of credit, travelers checks, direct deposit of payroll, social security and dividend payments, and automatic payment of insurance premiums and mortgage loans. Further, it offers a courier service and ACH origination service as part of its deposit services for commercial customers; and a portfolio of wealth management/trust, investment, and retirement services. The company has four banking house locations in Charleston, Summerville, and Mt. Pleasant, South Carolina. It serves customers in Berkeley, Charleston, and Dorchester counties. The company was founded in 1986 and is headquartered in Charleston, South Carolina.
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