The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAGM.L Share News (AGM)

  • There is currently no data for AGM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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%
More News
11 Jan 2016 16:21

DIRECTOR DEALINGS: Applied Graphene Directors Take Part In Placing (ALLISS)

Read more
18 Dec 2015 10:48

Applied Graphene To Raise Up To GBP10.1 Million In Placing, Open Offer (ALLISS)

Read more
16 Nov 2015 09:53

Applied Graphene Materials Loss Widens Due To Investments

Read more
23 Oct 2015 06:49

Applied Graphene Enters Into Joint Venture With Paralube Germany

Read more
18 Sep 2015 11:01

LONDON MARKET MIDDAY: US Futures Point Lower As Fed Decision Digested

Read more
18 Sep 2015 09:17

WINNERS & LOSERS SUMMARY: UDG Healthcare Surges After McKesson Deal

Read more
18 Sep 2015 07:31

Applied Graphene Materials Full-Year Results To Beat Expectations

Read more
18 Sep 2015 06:49

Revolymer Appoints Bryan Dobson Chairman As John Keenan Retires

Read more
17 Jun 2015 09:48

Applied Graphene Materials rises following first patent approval

Shares in specialty graphene materials maker Applied Graphene Materials rose over 4% on the news it gained its first patent approval. Applied Graphene Materials shares were trading at 235p at 10:10 on Wednesday, after the company said it has Japanese patent approval for its graphene production proc

Read more
17 Jun 2015 07:18

Applied Graphene Buoyed As It Gets First Production Process Patent

Read more
14 May 2015 09:26

Applied Graphene Gets Positive Results From Base Oil Tests

Read more
12 May 2015 07:35

IP Group Sees Positive Start With 2015 As Portfolio Fair Value Rises

Read more
17 Apr 2015 16:38

London close: Stocks drop 0.9% in volatile session amid Greek worries

UK stocks dropped sharply on Friday with the FTSE 100 finishing below the 7,000 level for the first time in seven sessions, after a terminal blackout and changes in Chinese trading regulations. After a positive start, the Footsie ended 65.82 points lower (-0.93%) at 6,994.63, its lowest finish since

Read more
17 Apr 2015 12:02

London midday: Bloomberg outage, Chinese regulations send stocks into the red

After a solid start UK stocks sank into the red by Friday lunchtime, moving further away from recent records amid a blackout on Bloomberg computer terminals and new regulations in China on short-selling. Bloomberg's trading and information units are heavily relied upon by roughly 320,000 people arou

Read more
17 Apr 2015 11:14

LONDON MIDDAY BRIEFING: Conservatives Get A Lift From Jobless Fall

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.