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London close: Stocks slide after short-lived rally

Wed, 10th Aug 2011 16:43

London's leading share index almost closed back below the 5,000 point mark after giving up a short-lived rally.Euphoria over US plans to keep interest rates at their current low levels was soon overshadowed by the reason for the plans: the grim economic outlook.Here, the Bank of England has cut its forecast for UK economic expansion this year to 1.4% from 1.8%. Growth is likely to be sluggish in the next year or so as household incomes remain squeezed, but easing inflationary pressures should help it to pick up "gently" next year, the Bank said in its latest inflation report. Miners, such as Kazakhstan's Kazakhmys were under heavy attack by the close of play having earlier rallied on global growth hopes. Bank Barclays also took a heavy pounding. In company news Standard Life was among the best performers after operating profits at the savings, investments and pensions firm jumped by 44% in the first half.Global banking giant HSBC was higher after revealing that US lender Capital One is the buyer of its card and retail services business in the US. HSBC said its post-tax gain on the sale is estimated to be $2.4bn. FTSE 250 travel firm TUI Travel said it is on track to meet full-year expectations after operating profits surged in the group's third quarter. The package tour firm saw a 13% increase in revenue and a 57% increase in operating profit for its third quarter (to June 30) compared to 2010, when the effects of the Icelandic volcano ash cloud were disrupting travel plans across Europe. Meanwhile, shareholders in wounded bid target Micro Focus got some good news on Wednesday as the legacy software specialist said it is trading ahead of expectations. Shares jumped by a fifth. The upbeat trading statement makes a change from profit warnings, of which there have been two this year.Shares in internet video security company IndigoVision dropped after the company warned that it will not meet its sales and profits targets for the year ended 31 July.Fashion retailer French Connection was in fashion after it said first half profit will be in line with management expectations as it successfully weathers tough conditions on the high street. The clothing and accessories retailer said it saw growth in like-for-like sales at its UK stores despite the difficult market conditions. Beowulf was posting muscular gains after the Sweden-focused miner said drilling at its Kallak iron ore project indicated the presence of more than 400m tonnes of ore.Sticking with mythically-named resource companies, Dragon Oil was on fire after it ramped up production in the six months to 30 June, helping the Central Asia-focused oil group to benefit from the soaring oil price. Profit for the period totalled $309.4m, up from $137.6m over the same period the previous year, on revenues that soared to $527.4m from $276.3m. The company is paying a 9 cent interim dividend, having not paid one last year.FTSE 100 - RisersStandard Life (SL.) 184.10p +5.74%Randgold Resources Ltd. (RRS) 6,385.00p +4.33%Burberry Group (BRBY) 1,302.00p +3.25%Man Group (EMG) 187.20p +3.20%Weir Group (WEIR) 1,735.00p +1.88%United Utilities Group (UU.) 572.00p +1.24%Autonomy Corporation (AU.) 1,502.00p +0.67%Severn Trent (SVT) 1,415.00p +0.28%Aggreko (AGK) 1,696.00p -0.24%SABMiller (SAB) 1,993.00p -0.35%FTSE 100 - FallersEssar Energy (ESSR) 262.10p -12.60%Barclays (BARC) 163.70p -8.70%Kazakhmys (KAZ) 918.00p -7.74%Standard Chartered (STAN) 1,371.50p -7.52%Prudential (PRU) 567.00p -7.35%Royal Bank of Scotland Group (RBS) 24.29p -7.33%HSBC Holdings (HSBA) 516.20p -5.28%RSA Insurance Group (RSA) 109.50p -5.19%Schroders (Non-Voting) (SDRC) 1,124.00p -5.07%Old Mutual (OML) 103.20p -5.06%FTSE 250 - RisersMicro Focus International Plc (MCRO) 283.70p +13.16%Kofax (KFX) 290.00p +7.21%Afren (AFR) 100.10p +5.70%Telecom Plus (TEP) 580.00p +5.45%African Barrick Gold (ABG) 537.00p +4.68%Filtrona PLC (FLTR) 310.00p +4.45%SVG Capital (SVI) 228.00p +4.40%International Personal Finance (IPF) 255.70p +3.90%Telecity Group (TCY) 501.50p +3.47%Moneysupermarket.com Group (MONY) 103.00p +3.31%FTSE 250 - FallersBwin.party Digital Entertainment (BPTY) 101.70p -9.68%Sports Direct International (SPD) 201.30p -8.79%JD Sports Fashion (JD.) 835.00p -8.69%Enterprise Inns (ETI) 39.00p -8.32%AG Barr (BAG) 1,031.00p -8.19%Greene King (GNK) 410.00p -7.57%RPS Group (RPS) 197.80p -7.53%Chemring Group (CHG) 489.80p -7.41%Anglo Pacific Group (APF) 257.10p -7.02%DS Smith (SMDS) 181.80p -6.77%
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10 Jun 2014 08:57

DIRECTOR DEALINGS: IndigoVision CEO Acquires Shares

LONDON (Alliance News) - Surveillance company IndigoVision Group PLC Tuesday said Chief Executive Officer Marcus Kneen acquired 114 partnership shares at a price of 525 pence per share and was awarded 114 matching shares under the company share plan Monday. Following this transaction, Knee

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8 May 2014 11:18

DIRECTOR DEALINGS: IndigoVision CEO Buys, Sells Shares In Tax Planning Move

LONDON (Alliance News) - IndigoVision Group PLC Thursday said Chief Executive Marcus Kneen sold 552 shares at a price of 450 pence per share, and bought back the same amount at 460 pence each, a move that was part of his personal tax planning. Kneen still has a beneficial interest in 212,54

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6 Mar 2014 15:24

DIRECTOR DEALINGS: IndigoVision Non-Executive Director Buys Shares

LONDON (Alliance News) - IndigoVision Group PLC, the maker of networked video security systems, Thursday said that Martin Pengelley, a non-executive director in the company, bought 2,000 shares at 420 pence a share. Shares in IndigoVision were trading 15% higher Thursday afternoon, at 411.

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6 Mar 2014 14:08

CORRECT: UK MIDDAY BRIEFING: BoE, ECB Hold; Ukraine Clouds EU Politics

(An item published at 1234 GMT misstated the ECB interest rate. The correct version follows.) LONDON (Alliance News) - The Bank of England and European Central Bank have again kept their monetary policies and interest rates unchanged, just as events to the east continue to threaten the i

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6 Mar 2014 13:56

UK MIDDAY BRIEFING: BoE, ECB Hold; Ukraine Clouds EU Politics

LONDON (Alliance News) - The Bank of England and European Central Bank have again kept their monetary policies and interest rates unchanged, just as events to the east continue to threaten the influence and expansion potential of the European Union.

As expected, the BoE has kept its

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6 Mar 2014 12:07

UK WINNERS & LOSERS: Betfair, 32Red Move In Opposite Directions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS Aviva, up 9.3%. The life insurer's results were ahead the markets expectations on each of the key financial metrics except

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6 Mar 2014 09:33

IndigoVision Raises First Dividend As Profits, Revenues Rise

LONDON (Alliance News) - IndigoVision Group PLC Thursday raised its interim dividend after profits and revenues jumped in the first half of the year, driven by sales of new cameras it has launched in the last two years, and it said the second half had also got off to a good start. The compa

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12 Nov 2013 11:15

IndigoVision Sales Jump In First Quarter, Operating Profits Ahead

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8 Oct 2013 08:54

DIRECTOR DEALINGS: IndigoVision CEO, CFO Granted Shares

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26 Sep 2013 11:42

Shares in IndigoVision drop after full year profits decline

Shares in IndigoVision were lower after the video surveillance systems group reported a fall in annual profits. Revenue rose 6% to £32m in the year to July 31st but profits fell 13% to £2.08m after its margin shrunk to 56.7% from 59% last year. The company explained that its product mix was evolvi

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26 Sep 2013 08:30

IndigoVision Revenues Rise, Pretax Profits Decline As Sales Team Bolstered

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28 Sep 2012 06:37

Friday newspaper round-up: Spain, US drought, Iberdrola

Spain has pushed through 40bn euros of fresh austerity measures in the teeth of recession, despite violent protests across the country and separatist crises in Catalonia and the Basque region that threaten to break the country apart. Premier Mariano Rajoy has frozen public pay in 2013 for the third

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27 Sep 2012 16:38

London close: Back in the blue ... just

Having briefly broken above 5800 shortly after the start of trading, on the back of news of stimulus measures in China, the top share index move into negative territory in the afternoon session, before rallying near the close. The stock market is not the only thing back in the blue It was revealed

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27 Sep 2012 09:58

Indigovision shareholders tickled pink by special divi

Internet video security firm IndigoVision is awash with cash after a strong start to the new financial year and so has announced a special dividend of 70p per share. Revenue for the year to the end of July rose 5% to £30.27m from £28.89m the year before, with the second half seeing a 14% year-on-y

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31 Jul 2012 11:51

Small caps: IndigoVision, Silence Therapeutics, Air Partner...

Air Partner, a provider of air charter services, has said underlying profit before tax for the year is expected to meet its forecasts. The firm's cost reduction programme is also now nearly complete and will realise 'significant cost savings' in the next financial year, with a one off restructuring

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