Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIND.L Share News (IND)

  • There is currently no data for IND

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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%
More News
29 Sep 2010 16:39

London close: Lower finish after sluggish day

Footsie closed a few points lower at the end of a dull day's trading that was overshadowed by continuing eurozone debt worries. Ireland was the focus of attention again. The rating agency Standard & Poors says the price of bailing out nationalised bank Anglo Irish could exceed $47bn. Banks Royal B

Read more
29 Sep 2010 14:15

London afternoon: Dull mood continues

Leading shares remain mixed but with a lower bias as investors continue to fret over European debt issues. Debt-stricken Ireland is the focus of attention again. The rating agency Standard & Poors says the price of bailing out nationalised bank Anglo Irish could exceed $47bn. Banks Royal Bank of

Read more
29 Sep 2010 08:38

IndigoVision hikes divi on FY optimism

Internet video security specialist IndigoVision posted a 6% drop in annual operating profit but said it had an encouraging start to the new financial year, with sales comfortably ahead of last year. The firm saw a mixed performance across the regions however it remains cautiously optimistic in rela

Read more
10 Aug 2010 15:00

Operating profits to dip at IndigoVision

Internet video security specialist IndigoVision said margins in the year to 31 July were, as expected, lower, reflecting a change in the sales mix. As a consequence, operating profits for the year just ended are expected to be lower than in 2009. Turnover is estimated to have risen by around 6% to

Read more
11 Mar 2010 17:02

London close: Miners pull index lower

London bounced off 5,600 despite a weak start on Wall Street but still closed in the red on a poor day for miners. Falling commodity prices and China inflation concerns prompted profit taking in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata. Speculation rose that Chin

Read more
11 Mar 2010 14:32

London afternoon: Footsie holds above 5,600

A steady decline continued through lunch, but London bounced off 5,600 despite a weak start on Wall Street as mining sector losses narrowed very slightly. Falling commodity prices have damaged miners Thursday. Investors decided to take profits in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP

Read more
11 Mar 2010 12:08

London midday: Thos. Cook a ray of sunshine

The Footsie has drifted into the red, weighed down by the weakness of mining stocks. Among the miners Fresnillo, Randgold Resources, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata are all on offer, as metals prices retreat. Smith & Nephew is under the weather after coming out on the wrong

Read more
11 Mar 2010 08:37

IndigoVision profit unchanged

Shares in security camera firm Indigovision fell nearly 7% after it said first half profit was unchanged from the previous year and added that the economic backdrop remains uncertain. Pre-tax profit was flat at £1.2m for the six months to 31 January while revenue rose 12% to £12m. The results were

Read more
9 Oct 2009 16:47

IndigoVision boffin spies selling opportunity

IndigoVision's chief technical officer Barry Keepence has cut his holding in the CCTV group after a sharp spike in the share price since August. It is Keepeace's second sale of a small parcel of shares recently. In June, he sold 10,000 shares at 415p. The group, which uses internet-based digital t

Read more
30 Sep 2009 08:21

Small caps round-up: Finsbury Food, Hyder Consulting, Harvey Nash...

Bread and cake maker Finsbury Food posted a fall in pre-tax profits in the year to July 4 and said trading conditions are likely to remain tough in the short term. Finsbury, which has licensing agreements with the chocolate retailer Thorntons and the confectionery giant Nestle, posted pre-tax profi

Read more
27 Sep 2009 19:00

Sunday tips round-up: Vodafone, IndigoVision, Songbird

Perhaps most pleasing of all for investors of Vodafone is that it appears to have abandoned its aggressive expansion. Instead it is focused on cost savings and grinding out the cash flow, which makes the dividend payouts look that bit safer. The shares are trading on around 10 times forecast earning

Read more
6 Aug 2009 16:22

London close: Financials spark good gains

Footsie fell back in the afternoon session after the Bank of England increased its quantitative easing programme, but still finished healthily in the blue. Banks continued to rise with Royal Bank of Scotland, Lloyds Banking and Barclays all up. RBS reports its interim figures tomorrow. It is being

Read more
6 Aug 2009 15:15

TechMark movers: IndigoVision jumps on expected higher profits

IP security systems provider IndigoVision surged after it said improving operating margins will help operating profits for the year to finish "materially ahead" of market expectations. The group said it experienced strong sales, particularly in the final month. As a result, it estimates turnover fo

Read more
6 Aug 2009 11:46

Small caps round-up: IndigoVision, Minorplanet, Highland Gold...

IP security systems provider IndigoVision said improving operating margins for the year will help operating profits for the year to finish "materially ahead" of market expectations. The group said it experienced strong sales, particularly in the final month. As a result, it estimates turnover for t

Read more
12 Jun 2009 16:46

LSL chief buys

Estate agent LSL Property Services said chief executive officer Simon Embley acquired 250,000 shares in the group. Embley has acquired the shares at 135p each, increasing his stake to 9.95m shares, or 9.56% of the group. Top Director Buys Symphony International Holdings (SIHL) Director name: M

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.