Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSSY.L Share News (SSY)

  • There is currently no data for SSY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London open: Footsie flat, Vodafone rises on Indian tax ruling

Fri, 20th Jan 2012 08:28

The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone.In other news, the HSBC/Markit Chinese manufacturing sector purchasing managers' index for the month of January rose slightly, to 48,8, from 48,7 the month before, reaching a three-month high. Nonetheless, it continues to come in below the 50 point mark, thus pointing to a continuing contraction in activity levels within the sector. VODAFONE RISES ON INDIAN COURT ISSUEShares in telecommunications group Vodafone rose in early trading on reports that the Indian Supreme Court has overturned an earlier tax-ruling against it from a lower court. The long-running battle centres around a $2.5bn (£1.3bn) tax bill relating to its 67% interest in Vodafone Essar, the Indian mobile unit of Hutchison Whampoa in which Vodafone invested over $11bn in 2007.Another stock dealing with Indian tax issues is Essar Energy, which rose 0.75% in the opening minutes. The stock took a tumble on Tuesday after its oil division was that it is no longer eligible to benefit from a deferred tax payment scheme.Lloyds, Royal Bank of Scotland and Barclays were providing a lift, extending gains made yesterday when the latter jumped over 10% on euro-fuelled optimism.Meanwhile, oil giant Petrofac led the downside after a broker downgrade, while miners Evraz, Fresnillo, BHP Billiton and Antofagasta were also lower.It was reasonably quiet on the company announcements this morning. WPP, the media titan headed by Sir Martin Sorrell, has already made its fourth acquisition of 2012 with the purchase of a majority equity stake in Finnish communications agency Viestintätoimisto Pohjoisranta Oy (Pohjoisranta). Shares nudged higher.On the FTSE 250, engineering and construction group Kentz Corporation rose after revealing that revenues and profits were "marginally" ahead of consensus expectations in 2011. Retailers were also on the up with JD Sport Fashion, Dixons Retail and Kesa Electricals making gains. Kesa appears to be bouncing back after yesterday's fall following news that its Darty business is struggling in France.Talvivaara continued to rise after the European Commission notified it of a 'positive opinion' on its uranium recovery processes yesterday, which in effect certifies that the company meets the mandated safeguards for supply security of nuclear fuel.Close Brothers was out of favour after reporting a mixed performance. The Banking division did much of the heavy lifting a the financial services and investment management firm in the second half of 2011, while its Securities division coped with tough market conditions.Buoyed by strong order intake in the final quarter of 2011, software solutions provider SciSys reckons it is likely to enjoy further growth in sales, profits and net margins in 2012.BCFTSE 100 - RisersMan Group (EMG) 121.50p +1.67%Lloyds Banking Group (LLOY) 32.77p +1.55%Royal Bank of Scotland Group (RBS) 27.47p +1.52%Vodafone Group (VOD) 176.95p +1.40%Barclays (BARC) 224.25p +1.31%Marks & Spencer Group (MKS) 330.50p +1.07%Essar Energy (ESSR) 120.90p +0.75%Aggreko (AGK) 2,100.00p +0.72%Ashmore Group (ASHM) 359.30p +0.67%RSA Insurance Group (RSA) 108.90p +0.65%FTSE 100 - FallersPetrofac Ltd. (PFC) 1,445.00p -3.92%Weir Group (WEIR) 2,024.00p -2.65%Shire Plc (SHP) 2,133.00p -1.48%British Sky Broadcasting Group (BSY) 657.50p -1.35%Evraz (EVR) 430.20p -1.22%Fresnillo (FRES) 1,750.00p -1.02%Schroders (Non-Voting) (SDRC) 1,180.00p -1.01%Amec (AMEC) 987.00p -1.00%BHP Billiton (BLT) 2,139.00p -0.90%Antofagasta (ANTO) 1,352.00p -0.88%FTSE 250 - RisersTalvivaara Mining Company (TALV) 375.30p +4.74%JD Sports Fashion (JD.) 738.00p +3.29%Dixons Retail (DXNS) 13.99p +3.02%Kesa Electricals (KESA) 75.00p +2.74%Stobart Group Ltd. (STOB) 123.20p +2.67%Jupiter Fund Management (JUP) 223.00p +2.67%Hiscox Ltd. (HSX) 399.80p +2.54%AG Barr (BAG) 1,257.00p +2.28%Cape (CIU) 392.20p +2.00%Kentz Corporation Ltd. (KENZ) 468.80p +1.91%FTSE 250 - FallersRedrow (RDW) 114.10p -7.01%Close Brothers Group (CBG) 636.00p -3.42%Carpetright (CPR) 530.00p -3.28%Kenmare Resources (KMR) 48.45p -2.24%Aquarius Platinum Ltd. (AQP) 181.00p -1.79%TR Property Inv Trust (TRY) 150.90p -1.76%Yule Catto & Co (YULC) 196.60p -1.70%Rank Group (RNK) 128.00p -1.54%COLT Group SA (COLT) 92.20p -1.44%Centamin (DI) (CEY) 91.70p -1.34%
More News
22 Sep 2016 09:35

Scisys To Meet Market Expectations As It Swings To Interim Profit

Read more
5 Sep 2016 10:52

Scisys wins further contract with MoD

(ShareCast News) - Scisys, a supplier of bespoke software systems and IT-based solutions, has been awarded a contract by the UK Ministry of Defence to deliver further research and software development services to the Defence Science and Technology Laboratory. The contract, awarded through the MOD's

Read more
16 Aug 2016 10:38

Strong euro could benefit full-year numbers for SCISYS

(ShareCast News) - Bespoke software systems supplier SCISYS updated the marker ahead of releasing its interim results in September on Tuesday. The AIM-traded company said it has maintained the "encouraging start to the year" reported at the AGM on 9 June. It said this favourable trading picture is

Read more
9 Jun 2016 07:35

Scisys Says Trading In Line, Boosted By Media And Space Contract Wins

Read more
2 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

Read more
10 May 2016 16:09

DIRECTOR DEALINGS SUMMARY: Seven SCISYS Directors Buy Shares

Read more
10 May 2016 10:52

DIRECTOR DEALINGS: Seven SCISYS Directors Buy Shares

Read more
29 Apr 2016 08:36

Scisys Wins EUR2 Million Radio Contract With South African Broadcaster

Read more
31 Mar 2016 17:39

Scisys optimistic after problem contract resolved

(ShareCast News) - Preliminary results from Scisys confirmed a strong second half recovery that lifted the numbers above expectations Scisys, which recently won a £4m contract to develop a customs compliance management information system for the UK Ministry of Defence, reinstated the full year divid

Read more
31 Mar 2016 09:41

Scisys Profit Sinks On Problem Contract But Order Book Stronger

Read more
24 Mar 2016 16:10

Earnings, Trading Statements Calendar - Week Ahead

Read more
24 Feb 2016 12:16

SCISYS system selected by major UK broadcaster

(ShareCast News) - SCISYS was celebrating a multi-million pound contract win on Wednesday, revealing an unnamed major UK broadcaster was selecting its dira! system for radio production and playout. The AIM-traded supplier of bespoke software and IT solutions said the contract was the next step in im

Read more
24 Feb 2016 08:51

Scisys Wins GBP2 Million Contract With UK Radio Broadcaster

Read more
28 Jan 2016 10:30

Scisys Set To Meet Expectations As First Half Issues Prove Temporary

Read more
18 Dec 2015 10:19

Scisys Wins Further Contract Worth EUR5.2 Million With Thales Alenia

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.