The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGOG.L Share News (GOG)

  • There is currently no data for GOG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London open: Footsie flat despite mining strength

Thu, 29th Mar 2012 09:23

- Miners rise strongly, led by Rio- Imperial has smoking second quarter- FirstGroup drops on the FTSE 250 It was a cautious start for UK stocks, with London's blue chip index trading flat early on, not far off the 5,800 level. The FTSE 100 has not closed below this level in over three weeks.Eyes were on the Eurozone as, according to a draft document seen by Bloomberg, finance ministers could finally decide tomorrow to boost the firewall to nearly €1tn by running the EFSF (€200bn) and ESM (€500bn) simultaneously as well as a further €240bn available if the initial capacity proves insufficient. €1tn has been the amount batted around the markets for some time now. In fact, OECD secretary-general Ángel Gurría said this week that the fund should be "at least" that much. MINERS ON THE RECOVERY PATHMiners were performing strongly early on, rebounding after their recent underperformance which has seen stock lose an average 11.7% over the last month. Rio Tinto, Polymetal, Fresnillo, Evraz and BHP Billiton were making gains in the opening hour with Rio leading the charge after revealing yesterday afternoon that it has received a binding offer for its specialty aluminas business from HIG. Even Anglo American edged higher, shrugging off a downgrade from Societe Generale.Cigarettes maker Imperial Tobacco was also a high riser after saying it improved its revenue and profit momentum as it entered the second half of its financial year. First half reported tobacco net revenues (at constant exchange rates) are expected to increase by around 3%, compared with the 1% fall in the three months to the end of December.High street retailing peers Marks & Spencer and Next were the worst performers after first-quarter numbers from the world's third-largest clothes retailer, Hennes & Mauritz (H&M), missed estimates. Elsewhere in the sector, shares in Home Retail fell after the company announced that its long-standing Chairman, Oliver Stocken, is to retire after 12 years on the job.Real estate investment trust Land Securities edged higher after saying that is to sell its 3.3 acre Arundel Great Court property, situated just south of the Strand, in London for£234m, which "frees up capital for reinvestment into other higher value-add opportunities," according to Jefferies.FTSE 250: FIRSTGROUP PLUMMETS EARLY ONTransport firm FirstGroup said that lower economic activity in the north of England is putting pressure on its UK Bus business, causing shares to tumble in early trade. The group said like-for-like revenues in UK Bus, in the 12 months to the end of March, will be 1.5% ahead of 2010-2011. The North of England and Scotland however are seeing "considerably lower" growth rates and that's where 60% of revenues are generated.Travel sector peers Stagecoach, Go-Ahead and National Express were also out of favour. Go-Ahead announced this morning that it has been shortlisted to bid for the new Thameslink franchises but has not been invited to bid for the Essex Thameside contract. Go-Ahead says it will be seeking feedback from the Department for Transport on the failure.Cape, the provider of non-mechanical support services to the energy and mineral resources sectors, dropped after announcing that Martin May is standing down as Chief Executive and as a director of the company with immediate effect to 'pursue a new challenge'.Heading the other way was private equity investment group 3i after saying that, after a tough start to the year, market sentiment has improved in the last couple of months leading to a strong performance in the company's investment portfolio.FTSE 100 - RisersRio Tinto (RIO) 3,397.50p +2.46%Fresnillo (FRES) 1,643.00p +2.11%Evraz (EVR) 366.40p +1.83%Imperial Tobacco Group (IMT) 2,564.00p +1.75%Polymetal International (POLY) 940.50p +1.68%Eurasian Natural Resources Corp. (ENRC) 601.00p +1.09%Randgold Resources Ltd. (RRS) 5,550.00p +1.09%Glencore International (GLEN) 392.75p +0.90%Vedanta Resources (VED) 1,243.00p +0.89%Antofagasta (ANTO) 1,128.00p +0.89%FTSE 100 - FallersMarks & Spencer Group (MKS) 378.00p -1.61%SSE (SSE) 1,308.00p -1.43%Kingfisher (KGF) 306.30p -1.13%Next (NXT) 2,977.00p -1.06%Capital Shopping Centres Group (CSCG) 333.70p -1.04%British Land Co (BLND) 480.80p -1.03%ARM Holdings (ARM) 594.00p -1.00%Bunzl (BNZL) 996.00p -0.90%Capita (CPI) 734.50p -0.88%Admiral Group (ADM) 1,152.00p -0.78%FTSE 250 - RisersBwin.party Digital Entertainment (BPTY) 153.20p +4.79%3i Group (III) 212.80p +4.31%Ruspetro (RPO) 209.50p +3.51%Cable & Wireless Worldwide (CW.) 34.79p +2.32%Salamander Energy (SMDR) 219.30p +2.29%New World Resources A Shares (NWR) 438.80p +2.00%Hochschild Mining (HOC) 472.30p +1.79%Paragon Group Of Companies (PAG) 186.10p +1.75%Lonmin (LMI) 1,070.00p +1.61%International Personal Finance (IPF) 261.10p +1.60%FTSE 250 - FallersFirstGroup (FGP) 248.00p -14.22%Cape (CIU) 416.10p -5.47%Go-Ahead Group (GOG) 1,247.00p -4.15%TalkTalk Telecom Group (TALK) 140.30p -3.24%Petropavlovsk (POG) 606.50p -2.33%Lamprell (LAM) 331.20p -2.30%Bumi (BUMI) 644.50p -2.20%Perform Group (PER) 301.30p -2.18%RPC Group (RPC) 373.10p -2.07%National Express Group (NEX) 246.80p -2.06%
More News
29 Oct 2021 16:09

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
15 Oct 2021 17:09

LONDON MARKET CLOSE: Travel and oil stocks send FTSE 100 higher

LONDON MARKET CLOSE: Travel and oil stocks send FTSE 100 higher

Read more
15 Oct 2021 11:07

SMALL-CAP WINNERS & LOSERS: Artemis Alpha rises on buyback plans

SMALL-CAP WINNERS & LOSERS: Artemis Alpha rises on buyback plans

Read more
15 Oct 2021 09:32

LONDON BROKER RATINGS: Berenberg upgrades BP and Harbour Energy

LONDON BROKER RATINGS: Berenberg upgrades BP and Harbour Energy

Read more
29 Sep 2021 11:01

SMALL-CAP WINNERS & LOSERS: Amigo surges on encouraging trading

SMALL-CAP WINNERS & LOSERS: Amigo surges on encouraging trading

Read more
28 Sep 2021 17:05

LONDON MARKET CLOSE: Inflation jitters hit stocks as oil tops USD80

LONDON MARKET CLOSE: Inflation jitters hit stocks as oil tops USD80

Read more
28 Sep 2021 12:12

LONDON MARKET MIDDAY: Stocks slide as markets brace for US tapering

LONDON MARKET MIDDAY: Stocks slide as markets brace for US tapering

Read more
28 Sep 2021 11:01

SMALL-CAP WINNERS & LOSERS: Go-Ahead skids on UK rail franchise loss

SMALL-CAP WINNERS & LOSERS: Go-Ahead skids on UK rail franchise loss

Read more
28 Sep 2021 09:20

TOP NEWS: Go-Ahead loses Southeastern franchise for "serious breach"

TOP NEWS: Go-Ahead loses Southeastern franchise for "serious breach"

Read more
28 Sep 2021 08:18

LONDON BRIEFING: Petershill Partners raises GBP1 billion in London IPO

LONDON BRIEFING: Petershill Partners raises GBP1 billion in London IPO

Read more
28 Sep 2021 08:09

Go-Ahead loses Southeastern franchise as CFO quits

(Sharecast News) - Go-Ahead has lost the Southeastern rail franchise, repaid the government £25m owed under the contract and parted company with its finance chief.

Read more
28 Sep 2021 08:09

Go-Ahead loses Southeastern franchise as CFO quits

(Sharecast News) - Go-Ahead has lost the Southeastern rail franchise, repaid the government £25m owed under the contract and parted company with its finance chief.

Read more
28 Sep 2021 07:30

UPDATE 1-UK seizes control of Go-Ahead's Southeastern rail franchise

(Adds UK statement)LONDON, Sept 28 (Reuters) - Britain said on Tuesday it would seize control of Go-Ahead Group's Southeastern rail franchise after the transport company admitted errors had been made which required a $34 million repayment to the g...

Read more
28 Sep 2021 07:12

UK to take control of Go-Ahead's Southeastern rail franchise

LONDON, Sept 28 (Reuters) - Go-Ahead Group said on Tuesday the government had decided to take control of its Southeastern rail franchise after the British transport group admitted it had made errors and repaid 25 million pounds ($34 million) over...

Read more
27 Sep 2021 10:33

SMALL-CAP WINNERS & LOSERS: Petrofac rally continues after guilty plea

SMALL-CAP WINNERS & LOSERS: Petrofac rally continues after guilty plea

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.