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London close: Another slide for FTSE 100

Mon, 05th Sep 2011 16:48

Stocks were on the slide Monday, giving up many of last week's gains, with banks bearing the brunt of the selling.Bank shares fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks. Sky News reported over the weekend that Moody's is awaiting the Independent Commission on Banking's (ICB) report on September 12, which is expected to recommend the imposition of robust firewalls and more stringent capital requirements. Concerns overthe multi-billion pound legal case regarding the subprime mortgage crisis in the US also did not help.In the retail sector Currys and PC World owner Dixons Retail and Argos and Homebase firm Home Retail, which is due to update on trading later this week, are under the cosh, not helped by some poor sales figures for August from accountancy firm BDO.Insulation products supplier Superglass tumbled after it warned that company expectations for the year are slightly reduced from the trading update in June as market weakness and cost pressures continue to affect margins.Kofax fell as it reported a 12% increase in total revenues to $243.9m (£151m) in the year ended 30 June, just shy of the $244-246m range the company expected.West African focused-gold miner Cluff Gold was a rare riser as it announced a significant increase in the resource estimate for its wholly owned Baomahun Gold Project in Sierra Leone.Shares in DDD leapt out of the screen after the 2D to 3D image conversion specialist said it had signed a five year licence agreement with a "leading PC maker." The agreement is for DDD's TriDef software, which allows PC games to be played in 3D even though they haven't been specifically developed for the purpose, to be "bundled" with the PC maker's new line of 3D products. Ladies outfitter Alexon said it is in takeover talks as it issued another profit warning. Alexon, which owns the Ann Harvey and Kaliko brands, said sales in August fell short of expectations. Sales in the first three weeks of the month were down by 9% on a like-for-like basis against the same period the previous year. Shares in Botswana Diamonds fell by over a tenth on Monday after the firm revealed disappointments in its operations in the Orapa Region, Botswana. Bulk sampling on AK8 on the PL04/2002 licence showed that diamond values are too low to make the kimberlite commercial at the current grade. FTSE 100 - RisersRandgold Resources Ltd. (RRS) 6,735.00p +0.97%Autonomy Corporation (AU.) 2,519.00p -0.24%ICAP (IAP) 462.90p -0.79%Investec (INVP) 419.60p -1.36%International Power (IPR) 322.20p -1.41%United Utilities Group (UU.) 583.50p -1.44%Severn Trent (SVT) 1,420.00p -1.46%National Grid (NG.) 609.00p -1.62%Land Securities Group (LAND) 721.00p -1.70%Capita Group (CPI) 698.50p -1.76%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 21.78p -12.32%Lloyds Banking Group (LLOY) 30.65p -7.46%Barclays (BARC) 154.15p -6.69%Legal & General Group (LGEN) 94.55p -6.29%Xstrata (XTA) 957.40p -6.00%IMI (IMI) 805.00p -5.63%Aviva (AV.) 307.10p -5.54%GKN (GKN) 181.20p -5.48%Prudential (PRU) 564.50p -5.44%Standard Chartered (STAN) 1,299.50p -5.39%FTSE 250 - RisersPerform Group (PER) 173.10p +4.91%Berkeley Group Holdings (BKG) 1,236.00p +4.83%BH Global Ltd. USD Shares (BHGU) 11.59 +1.67%Daejan Holdings (DJAN) 2,493.00p +1.34%Devro (DVO) 254.30p +1.27%Dignity (DTY) 769.00p +1.25%BH Global Ltd. GBP Shares (BHGG) 1,163.00p +1.13%BH Macro Ltd. GBP Shares (BHMG) 1,990.00p +0.96%Phoenix Group Holdings (DI) (PHNX) 529.00p +0.76%Betfair Group (BET) 628.00p +0.72%FTSE 250 - FallersKofax (KFX) 274.50p -17.07%International Personal Finance (IPF) 237.70p -11.17%EnQuest (ENQ) 96.55p -10.35%Enterprise Inns (ETI) 34.91p -9.06%Kenmare Resources (KMR) 40.05p -8.56%Dixons Retail (DXNS) 11.00p -8.10%Home Retail Group (HOME) 115.00p -7.48%Talvivaara Mining Company (TALV) 312.20p -7.36%Bwin.party Digital Entertainment (BPTY) 110.90p -7.20%Thomas Cook Group (TCG) 38.46p -7.15%
More News
24 Apr 2014 08:56

DDD Wins Technology Contract With Chinese Manufacturer For 3D Tablets

LONDON (Alliance News) - DDD Group PLC said Thursday it has licensed its Tridef 3D Mobile content technology to Chinese manfuacturer Dongguan Longfar Optoelectronics Technology Co Ltd for its glasses-free 3D tablets. Dongguan will use the technology on its new range of tablets to convert ph

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15 Apr 2014 13:06

DDD revenue slides, but looks ahead with confidence

DDD Group, an AIM-listed 3D solutions company, on Tuesday posted a 61 per cent slump in annual revenues, pushing the group into the red. For the 12 months ended December 31st, turnover fell to $3.4m from $8.62m a year earlier, which was primarily due to a decline in shipments from the 3D PC market.

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15 Apr 2014 11:59

UK MIDDAY BRIEFING: Imperial Tobacco To Close Two European Factories

LONDON (Alliance News) - Imperial Tobacco Group Tuesday said it will close factories in Nottingham and in Nantes in France with the loss of up to 900 jobs, in response to the continuing downturn in European cigarette markets.

Companies including GKN, Aggreko and rec

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15 Apr 2014 10:51

UK WINNERS & LOSERS: Aggreko, GKN Lead FTSE 100 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.

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FTSE 100 - WINNERS

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Aggreko, up 2%. The temporary power supplier is a big gainer after the

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15 Apr 2014 07:58

DDD Shares Drop As It Swings To Loss On 3D PC Slump

LONDON (Alliance News) - Shares in DDD Group PLC Tuesday dropped 21% after it swung to a pretax loss in 2013, hit by lower shipments of its 3D imaging technology in the ailing PC market, although it expressed confidence that it can return to growth in 2014. The company posted a pretax loss

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15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

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8 Apr 2014 09:10

DDD Licences TriDef Technology For Glasses-Free 3D Products

LONDON (Alliance News) - DDD Group PLC said Tuesday it has licensed its TriDef 3D mobile content technology to Hong-Kong based technology company CVision Technology Co Ltd. CVision will use the technology for its new glasses-free 3D tablet and smart phone display products. CVision also will

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18 Mar 2014 10:58

DDD Group Signs Deal To Boost 3D Programming

LONDON (Alliance News) - DDD Group PLC said Tuesday it has partnered with WingsMedia to bring the latter's World 3D travel programming to DDD's streaming 3D video service. The imaging and 3D services company said it has teamed up with the Shanghai-based media firm to make the WingsMedia lin

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17 Mar 2014 12:30

DDD Group Appoints Patent Advisor

LONDON (Alliance News) - Imaging and 3D solutions company DDD Group PLC Monday said it has appointed patent monetization business IP Navigation Group (IPNav) as its strategic patent advisor. DDD and IPNav will closely collaborate to develop a focused patent licensing programme. "DDD h

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17 Mar 2014 08:35

DDD appoints strategic patent advisor

DDD Group, the imaging and 3D solutions company, has appointed IP Navigation Group (IPNav) as its strategic patent advisor. The group, which has created an "extensive" international patent library, selected IPNav to assist it in evaluating strategic options for its patent rights. IPNav will clos

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6 Mar 2014 12:36

DDD Launches Yabazam 3D Movie App With Panasonic Smart TVs

LONDON (Alliance News) - DDD Group PLC said Thursday that it has launched its Yabazam 3D movie application on Panasonic Viera Connect 3D Smart televisions. The application allows owners of the Smart TV's to access a range of 3D programming. It will become available to Panasonic customers in

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20 Feb 2014 11:50

UK WINNERS & LOSERS: BAE Systems, Rexam Lead FTSE 100 Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS Centrica, up 3%. The major energy supplier's shares have jumped despite it reporting that pretax profit fell 32% to GBP1.65

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20 Feb 2014 11:03

DDD falls on full-year revenue decline

DDD Group fell on Thursday after revealing its total full-year revenue would be less than half that achieved in 2012, hit by a drop in demand for its 2D to 3D conversion software. Revenue at the 3D solutions provider for the 12 months ended December 31st is expected to be just $3.4m, compared to $8

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20 Feb 2014 09:07

DDD Says Full-Year Revenue To Be Hit By Continued PC Market Decline

LONDON (Alliance News) - DDD PLC said Thursday that it expects revenue for the full-year to be more than halved compared with the previous year, as it saw demand fall for its 2D to 3D conversion software due to the continued decline of the personal computer market. DDD expects revenue for t

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7 Jan 2014 08:22

AIM IN BRIEF: H&T Says Profit As Expected, But Gold Price Has Hurt

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