Standard Chartered Share Price Falls On ‘Difficult’ Market Conditions
FX Solutions | Dec 04, 2013 08:52AM ET
Standard Chartered's, (STAN) share price is down today (December 4th) after the firm revealed its latest financial results.
The company announced that full-year income for 2013 is expected to be "broadly flat" compared to the figures for the previous 12-month period.
Standard Chartered, which is currently the main shirt sponsor of Liverpool Football Club, said: "Difficult market conditions that began in August have continued in the second half and are likely to remain through to the year end."
The firm's share price has taken a hit during trading today as a result of the news, with stocks down by more than five per cent in the morning session on the London Stock Exchange.
Stocks continued to fall in the afternoon and by 15:15 GMT they were down 6.25 per cent compared to the start of the day.
Almost 90 points had been wiped off the share price of the company, taking it down to 1,342.00, close to a new 52-week low for the stock.
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