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London midday: Chip stocks sizzle as Apple impresses

Wed, 20th Jul 2011 12:16

Shares are posting strong gains today as the spotlight moves from Europe's debt woes to the US, where traders are optimistic lawmakers will reach agreement on cutting the world's biggest economy's deficit.Chip companies ARM Holdings and Imagination Technologies in particular are taking their lead from the US, though for other reasons, jumping ahead after strong results from the California tech giant Apple, which uses their technology in its gadgets.Among UK stocks updating today, mining giant BHP Billiton is in demand after it achieved another iron ore output record in the year ended 30 June, its eleventh consecutive annual production record. The firm said that annual production records were achieved across four commodities and ten operations "as a result of our strategy to invest throughout the economic cycle."Fellow miners Lonmin, ENRC and Rio Tinto are also wanted.Drugs giant AstraZeneca fell after it (along with US peer Bristol-Myers Squibb) received a blow when the US Food and Drug Administration's (FDA) Advisory Committee rejected their jointly-developed diabetes drug, dapagliflozin, though the vote was a close one.Also in drugs, rattlesnake bite treatment maker BTG is licking its wounds a little despite reporting trading in line with expectations. Sales of CroFab, an antidote used to treat rattlesnake envenomation, and DigiFab, used to treat patients who have ingested too much of the foxglove plant extract digoxin, are "on budget", the company said, but Peel Hunt lowered its rating on the firm to "hold" from "buy."Advertising firm WPP is in demand, extending gains from yesterday when it announced that it had invested US$3m for a minority stake in Affectiva, a technology firm that specialises in measuring the emotional responses of consumers.London Stock Exchange (LSE) rose after the stock markets operator put behind it the disappointment of its failed merger with its Canadian counterpart TMX to announce a strong start to its financial year. "With an increase in total income of 14% and growth in many business areas, these strong first quarter results confirm that we continue to make good progress," said Xavier Rolet, the chief executive.Americas-focused silver and gold miner Hochschild Mining moved ahead after it said that it is on track to hit its production targets despite silver output falling by 13% in the first half. Hygiene technologies group Byotrol rocketed more than 50% after saying it has inked a potential multi-million pound contract to supply hand hygiene and surface sanitisation products to pest control services provider Rentokil Initial.FTSE 100 - RisersITV (ITV) 67.40p +4.09%Barclays (BARC) 219.90p +3.92%Royal Bank of Scotland Group (RBS) 34.34p +3.78%ARM Holdings (ARM) 604.00p +3.69%International Consolidated Airlines Group SA (IAG) 233.50p +2.91%Wolseley (WOS) 1,879.00p +2.62%BHP Billiton (BLT) 2,384.00p +2.49%Petrofac Ltd. (PFC) 1,489.00p +2.41%Eurasian Natural Resources Corp. (ENRC) 777.50p +2.37%RSA Insurance Group (RSA) 134.80p +2.35%FTSE 100 - FallersAstraZeneca (AZN) 2,977.00p -1.37%Sainsbury (J) (SBRY) 311.70p -1.36%ICAP (IAP) 466.00p -1.23%Imperial Tobacco Group (IMT) 2,116.00p -1.12%Glencore International (GLEN) 483.00p -1.09%Randgold Resources Ltd. (RRS) 5,470.00p -1.00%Shire Plc (SHP) 2,056.00p -0.87%Fresnillo (FRES) 1,650.00p -0.60%Morrison (Wm) Supermarkets (MRW) 293.00p -0.51%Autonomy Corporation (AU.) 1,698.00p -0.29%FTSE 250 - RisersImagination Technologies Group (IMG) 413.40p +8.68%Misys (MSY) 411.10p +7.79%AZ Electronic Materials SA (WI) (AZEM) 283.10p +4.12%IG Group Holdings (IGG) 449.80p +3.71%Enterprise Inns (ETI) 61.15p +3.64%Ladbrokes (LAD) 145.20p +3.64%Domino's Pizza UK & IRL (DOM) 461.00p +3.48%Punch Taverns (PUB) 70.50p +3.45%Hochschild Mining (HOC) 521.50p +3.37%Betfair Group (BET) 652.00p +3.16%FTSE 250 - FallersInternational Personal Finance (IPF) 329.80p -6.84%Daejan Holdings (DJAN) 2,821.00p -2.18%Dixons Retail (DXNS) 15.78p -2.17%BTG (BGC) 292.10p -1.98%Centamin Egypt Ltd. (CEY) 138.80p -1.56%COLT Group SA (COLT) 133.90p -1.54%Devro (DVO) 268.90p -1.50%Telecom Plus (TEP) 652.00p -1.21%Premier Foods (PFD) 20.34p -1.02%Euromoney Institutional Investor (ERM) 644.50p -0.92%
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20 Jul 2011 16:39

London close: Debt hopes boost markets

Shares moved higher on both sides of the Atlantic amid hopes that European and US leaders are making progress towards agreeing solutions to debt problems. It was US corporate news that boosted today's star sector in London though. Chip companies ARM Holdings and Imagination Technologies sizzled aft

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20 Jul 2011 09:30

Byotrol to supply hand wash to Rentokil Initial

Hygiene technologies group Byotrol rocketed more than 50% after saying it has inked a potential multi-million pound contract to supply hand hygiene and surface sanitisation products to pest control services provider Rentokil Initial. Byotrol said the four year contract covers a range of products th

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8 Feb 2011 14:28

Small caps round-up: Ark Therapeutics, Hambledon, Nighthawk ...

Drug developer Ark Therapeutics has sold the majority of its wound care business to Crawford Healthcare for up to £2.7m, comprising £0.77m upfront and up to £1.93m in milestone payments. The value of the gross assets being sold was put at £1,153,000 as at 30 June 2010. The losses on ordinary activi

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16 Nov 2010 12:34

Small caps round-up: Coastal Energy, Oxford Instruments, Byotrol...

Coastal Energy Company is bucking the market trend, up sharply on news of a find at the Songkhla A-09 well in the Gulf of Thailand and the resumption of production at pre-shutdown levels of 10,000 barrels of oil per day (bopd) following a weather delay. The latest discovery is similar to the A-08 w

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7 Jul 2010 13:34

Round-up: Premier Farnell, Aer Lingus, Byotrol...

Components distributor Premier Farnell's strong sales performance in the first four months of financial year 2011 has continued into June, with sales up by 29% year on year. Irish airline Aer Lingus' total passenger numbers in June 2010 were 941,000, down 8.6% on June 2009. Short haul passengers w

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7 Jul 2010 07:51

Byotrol Signs Joint Development Agreement With Mcbride

LONDON (Dow Jones)--Byotrol PLC (BYOT.LN), an AIM listed anti-microbial hygiene company, said Wednesday that its joint venture, Byotrol Consumer Products Ltd., has signed a joint development agreement with McBride, to develop a liquid hard surface cleaner targeted at the consumer markets in U.K. and

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30 Jun 2010 11:28

Small caps round-up: Emblaze, SerVision, Nestor Healthcare...

Less than two weeks after denying reports that its Else mobile project was in trouble Israeli technology firm Emblaze has confirmed it is abandoning plans to manufacture the First ELSE mobile device. The company said it will concentrate its efforts on licensing the ELSE Intuition platform and techn

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30 Jun 2010 09:28

Byotrol Gets Contract To Supply Odor Elimination Goods In US

LONDON (Dow Jones)--Byotrol PLC (BYOT.LN), an AIM listed anti-microbial hygiene company, said Wednesday that its U.S. subsidiary, Byotrol Inc, has successfully completed its first order to Tink's, a supplier of hunting lures and scents in the U.S., with an initial order worth $140,000. MAIN FACT

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15 Jun 2010 10:10

Small caps round-up: Sopheon, Hargreaves Services, Global Energy,...

Hargreaves Services, which provides support services to the energy sector, said overall results are expected to be in line with management expectations. "The board remain confident about the prospects for the group. The board is particularly excited by the prospects of the Tower project and please

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15 Jun 2010 08:05

Byotrol FY Adjusted Pretax Loss GBP1.77M Vs Loss GBP2.98M

LONDON (Dow Jones)--Byotrol Plc (BYOT.LN), an AIM listed anti-microbial hygiene company, announced Tuesday it had an adjusted pretax loss of GBP1,769,836 for the 12 months ended Mar. 31, compared with a wider loss of GBP2,976,238. MAIN FACTS: -Revenue: GBP3,145,157 (2009: GBP929,847) -Pr

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30 Mar 2010 15:14

Unilever boss Paul Polman takes another bite

Paul Polman, chief executive at Unilever, has been stocking up on shares in the Anglo-Dutch food and household goods giant, spending more than £360,000. He took 19,000 shares at 1,898.9p a time. A spokesperson for the company said this takes his holding to 54,448 shares. Polman was appointed as Un

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25 Mar 2010 12:11

Small caps round-up: Sportech, Liontrust, DQ...

Losses rose at football pools group Sportech last year after heavy asset write-downs and gross win falling 10% to £64.6m. Pre-tax losses in 2009 were £17m after £25m of one-offs. Underlying operating profits fell to £19.5m from £22.6m. "That the decline in profitability is due, primarily, to our co

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21 Dec 2009 16:54

London Close: Footsie posts strong gain

Footsie ended the day almost 2% higher after a strong performance throughout the day. The positive opening of Wall Street gave a further boost later in the afternoon. The Dow has jumped over 100 points helped by optimism that the $800bn plus Health Care Bill could get approved sooner rather than l

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21 Dec 2009 14:47

London afternoon: Dow gains lift Footsie

Footsie is pushing forward following a strong start on Wall St fuelled by weakness in the dollar and related gains for the miners. The Dow has jumped over 80 points helped by optimism that the $800bn plus Health Care Bill could get approved sooner rather than later. Over here, Cairn Energy is sti

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