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London open: Stocks rise modestly amid Greek talks, UK economic data

Fri, 17th Apr 2015 08:35

Stocks in London advanced on Friday morning on a quiet day for corporate newsflow, with investors awaiting key employment data from the UK while digesting Greek debt talks."The FTSE opened the day on the positive side of flat, after yesterday afternoon's [...] declines pulled the index away from its record-highs. As the election rumbles on, the UK's economic releases today will be heavily scrutinised," said Spreadex analyst Connor Campbell.The FTSE 100 was up 0.2% at 7,074.65 in early deals, with utility stocks leading the rise. The index had pulled back the previous session from Wednesday's record closing high of 7,096.78.The market's focus on Friday morning was likely to be on domestic economic data, with UK average weekly earnings, UK jobless claims and the UK unemployment rate all due for release. The latter, in particular, is forecast to fall from 5.7% to 5.6% in the three months ended February.Meanwhile, all eyes continue to be on Greece as its debt crisis dominates proceedings at the International Monetary Fund-World Bank spring meetings in Washington.Pierre Moscovici, European Commissioner for economic and financial affairs, said there is no Plan B for Greece regarding a deal over a rescue package.Meanwhile, IMF managing director Christine Lagarde denied speculation that the IMF was willing to grant a delay on the repayment of loans due next month.Yanis Varoufakis responded by saying that Greece will "compromise, compromise, compromise without 'being' compromised".Utilities lead the riseUtility stocks were among the best performers early on, with Severn Trent, United Utilities, Centrica, SSE and National Grid on the rise.Astrazeneca edged higher after its eye cancer treatment, selumetinib, was given 'orphan drug' status by US regulators, which should smooth its path to full approval.GKN was trading in the red after Exane BNP Paribas downgraded the stock to 'neutral', while engineering peer Weir Group was lifted by the broker to 'neutral'.Engineering and consulting outfit Ricardo was in demand after expanding its rail services with the £42.5m acquisition of consultancy and assurance business Lloyd's Register Rail.On AIM, Mediterranean-focused explorer Sound Oil received environmental approval for its Nervesa gas discovery in Italy, which remains on track to reach commercial production this year.Shares in Applied Graphene Materials jumped after the graphene products group reported positive results from independent coatings trials.Market MoverstechMARK 3,230.61 +0.30%FTSE 100 7,074.65 +0.20%FTSE 250 17,773.90 +0.25%FTSE 100 - RisersPearson (PSON) 1,397.00p +1.97%Severn Trent (SVT) 2,159.00p +1.79%Persimmon (PSN) 1,758.00p +1.44%Ashtead Group (AHT) 1,129.00p +1.26%ITV (ITV) 269.10p +1.13%Barratt Developments (BDEV) 535.00p +1.04%Mondi (MNDI) 1,397.00p +1.01%British Land Company (BLND) 860.50p +1.00%Burberry Group (BRBY) 1,827.00p +0.94%Rolls-Royce Holdings (RR.) 989.00p +0.92%FTSE 100 - FallersHikma Pharmaceuticals (HIK) 2,097.00p -1.36%InterContinental Hotels Group (IHG) 2,688.00p -1.03%Royal Mail (RMG) 444.90p -0.94%Fresnillo (FRES) 738.50p -0.67%Intertek Group (ITRK) 2,638.00p -0.64%Imperial Tobacco Group (IMT) 3,261.00p -0.55%Tesco (TSCO) 239.95p -0.46%Marks & Spencer Group (MKS) 566.00p -0.35%Sports Direct International (SPD) 661.50p -0.30%Direct Line Insurance Group (DLG) 327.90p -0.27%FTSE 250 - RisersHunting (HTG) 635.50p +5.65%QinetiQ Group (QQ.) 202.30p +3.69%Laird (LRD) 356.10p +2.77%AO World (AO.) 188.70p +2.61%Playtech (PTEC) 795.50p +2.38%Soco International (SIA) 186.60p +2.19%Debenhams (DEB) 86.75p +2.18%Countrywide (CWD) 535.50p +1.81%IP Group (IPO) 227.00p +1.75%Renishaw (RSW) 2,515.00p +1.66%FTSE 250 - FallersRotork (ROR) 2,566.00p -2.91%Indivior (INDV) 208.40p -2.30%NMC Health (NMC) 713.00p -1.79%Centamin (DI) (CEY) 60.25p -1.79%Allied Minds (ALM) 686.00p -1.65%Imagination Technologies Group (IMG) 202.70p -1.60%Spire Healthcare Group (SPI) 325.80p -1.42%esure Group (ESUR) 210.00p -1.27%Evraz (EVR) 203.00p -1.17%AL Noor Hospitals Group (ANH) 910.00p -1.09%
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8 Nov 2022 17:07

LONDON MARKET CLOSE: Miners lift FTSE 100 as price of gold rises

(Alliance News) - Stock prices in London closed higher on Tuesday, with the FTSE 100 staging a late recovery on the back of mining stocks.

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8 Nov 2022 13:18

Applied Graphene puts kibosh on reports of 80pc-discounted placing

(Sharecast News) - Applied Graphene Materials responded to speculation it was planning a seriously discounted placing on Tuesday, claiming it was not planning an equity raise at the moment.

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8 Nov 2022 12:46

Applied Graphene shares plummet 40% on inability to raise equity

(Alliance News) - Applied Graphene Materials PLC on Tuesday warned it could run out of cash, but said an equity raise isn't possible at the moment.

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8 Nov 2022 12:18

LONDON MARKET MIDDAY: Tepid trade in Europe as US midterm polls open

(Alliance News) - Blue-chip equities in Europe traded off morning lows heading into Tuesday afternoon, but the mood was still cautious, with traders mindful of the US midterm election.

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8 Nov 2022 11:27

AIM WINNERS & LOSERS: Applied Graphene falls after cash runway caution

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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8 Nov 2022 08:54

LONDON MARKET OPEN: Stocks fall ahead of US midterms; AB Foods rises

(Alliance News) - London stock prices were lower in early trade on Tuesday, with Persimmon dragging down fellow housebuilders after a less-than-stellar trading update, while plans for a share buyback lifted Primark-owner Associated British Foods.

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14 Sep 2022 12:26

IN BRIEF: Applied Graphene signs deal with "leading car care brand"

Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland, England - Signs a supply agreement with an unnamed global leader in the car detailing industry for an exclusively developed graphene-based solution, for an undisclosed sum. Says the contract with the household name brand represents a huge milestone for Applied Graphene in the car care sector.

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8 Jul 2022 18:04

IN BRIEF: Applied Graphene confirms exploration of possible fundraise

Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar & Cleveland, England - Confirms that it intends to explore a possible fundraise, with the amount and timing to be decided over the coming months.

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17 May 2022 18:17

IN BRIEF: Applied Graphene signs distribution agreement for India

Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland, England - Signs exclusive distribution agreement with Mumbai, India-based Imkemex, for the expansion of Applied Graphene's commercial reach into the Asian chemical market.

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3 May 2022 16:29

IN BRIEF: Applied Graphene says coatings effective against chemicals

Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland, England - Launches new performance data package for graphene nanoplatelet dispersions product range, showing it can achieve high levels of protection from harsh chemicals when applied as a coating. Says will open up a new market for its products to be used to protect a substrate from chemicals in "highly aggressive" environments, such as chemical tank linings, lining pipes used for transporting chemicals etc.

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6 Apr 2022 12:05

EARNINGS UPDATES: Epwin, Wentworth Resources post 2021 profit hikes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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30 Mar 2022 14:58

UK earnings, trading statements calendar - next 7 days

Thursday 31 March 
Eleco PLCFull Year Results
BBGI Global Infrastrcture SAFull Year Results
Chesnara PLCFull Year Results
Gattaca PLCHalf Year Results
Hostelworld Group PLCFull Year Results
James Halstead PLCHalf Year Results
Mears Group PLCFull Year Results
Record PLCFull Year Results
RTW Venture Fund LtdFull Year Results
S4 Capital PLCFull Year Results
Sportech PLCFull Year Results
Proteome Sciences PLCFull Year Results
Provident Financial PLCFull Year Results
Friday 1 April 
HydrogenOne Capital Growth PLCFull Year Results
Renew Holdings PLCTrading Statement
Medica Group PLCFull Year Results
Monday 4 April 
CentralNic Group PLCFull Year Results
Elixirr International PLCFull Year Results
Xpediator PLCFull Year Results
Tuesday 5 April 
DP Eurasia NVFull Year Results
Homeserve PLCTrading Statement
Moonpig Group PLCTrading Statement
Next Fifteen Communications Group PLCFull Year Results
Quixant PLCFull Year Results
SourceBio International PLCFull Year Results
Wednesday 6 April  
Applied Graphene Materials PLCHalf Year Results
Hilton Food Group PLCFull Year Results
Hyve Group PLCTrading Statement
Topps Tiles PLCTrading Statement
Wentworth Resources PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Mar 2022 20:54

TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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15 Mar 2022 11:37

Applied Graphene inks distribution deal with Taiwan's Rayoung

(Sharecast News) - Applied Graphene Materials has signed an exclusive distribution agreement with Taiwan-based Rayoung Chemtech, it announced on Tuesday.

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3 Feb 2022 22:31

TRADING UPDATES: Alliance Pharma to appeal; Braemar sales to rise

TRADING UPDATES: Alliance Pharma to appeal; Braemar sales to rise

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