Renold Share News (RNO)

Weaker than expected US consumer sentiment data upset the apple cart Friday, giving investors an excuse to bank profits ahead of the weekend.Stockmarkets on both sides of the Atlantic have risen 15% in the past month, so no wonder investors were keen to trim their portfolios.Wall Street headed sharply lower after the University of Michigan's consumer sentiment index for August fell to 63.2. A rise to 69 was predicted by analysts.London overcame a brief technical glitch during the afternoon, only for miners to head south on weaker metal prices. They had been higher on expectations of an increase in demand for minerals after the US Federal Reserve suggested earlier this week that economic activity has stopped declining and is levelling out.Xstrata, BHP Billiton and Rio Tinto all fell, as did Eurasian Natural Resources who said today its chairman Sir David Cooksey is stepping down to focus on his new role chairing UK Financial Investments, the body controlling the government's stake in Royal Bank of Scotland and Lloyds.Property plays were better though on reports that a consortium of some of the world's richest families is plotting a bid for British Land. Liberty International, Hammerson and Land Securities rose in sympathy.Taylor Wimpey is also wanted after RBS upgraded the stock to "buy" from "hold". Sector peers such as Bellway, Persimmon and Barratt Developments join Taylor Wimpey on the climb. Moving to company updates, fund manager Man Group expects gross initial disposal proceeds of $112m, which it expects to receive early next week, from the disposal of its remaining stake in MF Global.Payment services group Paypoint said its trading performance since the end of March has been satisfactory. The company said that, as anticipated, mobile top-up volumes in the UK, Romania and Ireland are running at lower levels than last year as a result of mobile operators offering more airtime for lower prices.Industrial chain maker Renold said the sharp declines in sales it has seen recently appear to have stabilised and that customers destocking may be abating. The firm, which reported a 25% slump in first quarter sales, said it saw no indication of customers restocking in the short-term. Industrial auctioneer GoIndustry-DoveBid said it knows of no reason why its share price jumped 40% yesterday, while confirming it is considering a placing at a 'considerable' discount' to the current share price.Music publisher Chrysalis has seen an 'extraordinary surge' in sales of Michael Jackson material since the singer's shock death in June. Chrysalis, which publishes a number of Jackson's best known hit songs including 'Thriller', 'Rock With You' and 'Off The Wall' through writer Rod Temperton, said overall its financial performance was in line with expectations, with normalised operating profit up on the comparative period.Shares in Total Systems dropped after the software systems providers warned that it is likely that a 'considerable' loss will be incurred for the half year.Despite the dire warnings at its June trading update the market was still surprised by the poor interim results from Titan Europe, the company which designs and makes undercarriage components for industrial vehicles. FTSE 100 - RisersBritish Land Co (BLND) 512.50p +3.93%British Airways (BAY) 175.60p +2.75%Tullow Oil (TLW) 1,072.00p +2.49%London Stock Exchange Group (LSE) 768.50p +2.26%Sage Group (SGE) 212.70p +1.92%Balfour Beatty (BBY) 351.40p +1.80%Hammerson (HMSO) 404.10p +1.71%Liberty International (LII) 487.70p +1.71%Wolseley (WOS) 1,421.00p +1.50%Cairn Energy (CNE) 2,481.00p +1.35%FTSE 100 - FallersEurasian Natural Resources (ENRC) 763.50p -5.57%Old Mutual (OML) 90.45p -3.62%Xstrata (XTA) 785.00p -3.09%HSBC Holdings (HSBA) 650.00p -2.84%Petrofac Ltd (PFC) 886.00p -2.64%Prudential (PRU) 516.00p -2.55%TUI Travel (TT.) 240.40p -2.51%Johnson Matthey (JMAT) 1,411.00p -2.49%Randgold Resources (RRS) 3,538.00p -2.37%Standard Life (SL.) 185.80p -2.36%FTSE 250 - RisersForth Ports (FPT) 1,228.00p +9.45%Taylor Wimpey (TW.) 42.99p +6.70%DS Smith (SMDS) 88.20p +6.27%Bodycote (BOY) 163.40p +6.24%Barratt Developments (BDEV) 240.10p +5.03%Daejan Holdings (DJAN) 2,418.00p +4.86%Synergy Healthcare (SYR) 548.50p +4.68%Fisher (James) & Sons (FSJ) 455.00p +4.60%Heritage Oil (HOIL) 574.50p +4.45%Go-Ahead Group (GOG) 1,339.00p +4.36%FTSE 250 - FallersDomino Printing (DNO) 262.50p -7.18%Ecofin Water & Power Opportunities (ECWO) 130.00p -6.81%Great Portland Estates (GPOR) 250.00p -4.07%PayPoint (PAY) 510.00p -4.05%Dunedin Income Growth Inv Trust (DIG) 165.50p -4.00%Fidelity Special Values (FSV) 512.00p -3.21%Britvic (BVIC) 338.00p -3.01%Brown (N.) Group (BWNG) 224.80p -2.98%Croda International (CRDA) 612.50p -2.93%JPMorgan Indian Inv Trust (JII) 322.00p -2.72%