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London mid-morning: Miners lead the advance
Wed, 08 Feb, 2012
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London mid-morning: Miners lead the advance
Wed, 1 Sep 2010, 09:40:00
Miners are the forefront of Footsie's advance this morning following some positive economic data from commodity-hungry China. China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, causing an improvement in commodity prices and overall sentiment. Silver miner Fresnillo, copper group's Kazakhmys and Antofagasta and the diversified miner Xstrata are among the risers in London this morning. In company news, <b>Soco International</b> has discovered oil at the Te Giac Den appraisal well, TGD-2X, offshore Vietnam. Testing will take about three weeks. Troubled oil giant <b>BP</b> has raised more than $400m (£260m) through the sale of two of its interests in Malaysia to help meet its bill for the Gulf of Mexico disaster. Wealth management firm <b>Hargreaves Lansdown</b> has had a record year despite tough market conditions, lifting profits by 18%. Global business media company <b>United Business Media</b> (UBM) has bought Astound, a privately owned US virtual career fairs business. Technology-focused holding company <b>Emblaze</b> is in advanced negotiations to sell its holdings in Formula Systems (1985) Limited, the information technology global solutions provider. The Nasdaq-listed company was purchased by Emblaze in November 2006. <b>Mouchel</b>, the support services group, has increased the size of its cost cutting programme to £25m from £10-15m as it awaits the government's public spending review. The firm said the medium and longer term outlook is becoming "increasingly positive" as the new government's policies are implemented. The order book has also held steady at £2bn. Sales in the second half of 2010 are expected to be ahead of previous expectations at <b>IQE</b>, the supplier of advanced wafer products and wafer services to the semiconductor industry. Dry cleaning to workwear hire group <b>Johnson Service</b> reported a 17% increase in half-year profit and said it is well placed for a successful second half. <b>FTSE 100 - Risers</b> TUI Travel (TT.) 211.70p +5.17% Cable & Wireless Worldwide (CW.) 70.05p +4.87% Fresnillo (FRES) 1,129.00p +3.58% Kazakhmys (KAZ) 1,187.00p +2.68% Investec (INVP) 481.90p +2.47% InterContinental Hotels Group (IHG) 1,006.00p +2.44% Antofagasta (ANTO) 1,057.00p +2.42% Wolseley (WOS) 1,288.00p +2.30% ARM Holdings (ARM) 375.10p +2.26% Xstrata (XTA) 1,048.50p +2.19% <b>FTSE 100 - Fallers</b> Burberry Group (BRBY) 846.00p -0.47% HSBC Holdings (HSBA) 641.00p -0.42% National Grid (NG.) 547.50p -0.27% Tullow Oil (TLW) 1,216.00p -0.16% Schroders (SDR) 1,371.00p -0.15% Morrison (Wm) Supermarkets (MRW) 289.80p -0.07% Lloyds Banking Group (LLOY) 69.51p +0.03% Invensys (ISYS) 230.70p +0.22% Smith & Nephew (SN.) 543.50p +0.28% Cairn Energy (CNE) 469.00p +0.34% <b>FTSE 250 - Risers</b> Connaught (CNT) 18.69p +10.92% Gartmore Group (GRT) 124.50p +5.42% Redrow (RDW) 112.50p +5.14% Aquarius Platinum Ltd. (AQP) 292.60p +4.87% Soco International (SIA) 490.40p +4.25% Salamander Energy (SMDR) 229.00p +3.71% Michael Page International (MPI) 410.20p +3.40% Senior (SNR) 117.80p +3.33% Inchcape (INCH) 264.30p +3.24% Tate & Lyle (TATE) 422.20p +3.20% <b>FTSE 250 - Fallers</b> International Public Partnerships Ltd. (INPP) 112.10p -2.69% Laird (LRD) 127.10p -2.38% Rathbone Brothers (RAT) 845.00p -1.97% Greggs (GRG) 440.90p -1.94% Micro Focus International Plc (MCRO) 296.00p -1.79% BTG (BGC) 197.50p -1.74% Melrose Resources (MRS) 299.50p -1.74% Davis Service Group (DVSG) 374.00p -1.71% Sports Direct International (SPD) 104.50p -1.60% JD Sports Fashion (JD.) 776.00p -1.52%
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