TTR.L Share News (TTR)

Shares are posting continued gains as investors take an extended break from fretting about the eurozone crisis. Supermarket chain Morrisons' focus on value helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover climbed to £8.7bn from £8.1bn, while like-for-like sales rose by 2.2%.Analysts at Panmure Gordon had predicted profits of about £440m and like-for-like sales growth of 1.9%, while Nomura had predicted like-for-like sales growth of 2%.But Argos and Homebase group Home Retail is the retailer hogging the limelight, rising nearly 10% even after it saw like-for-like (LFL) sales in the former dive 8.6% from a year earlier in the 13 weeks to 27 August, while the latter saw LFL sales fall 3.1% year-on-year. The company said the performance during the quarter was in line with expectations. House builder Redrow is another in demand. Profit before tax surged to £25.3m in the 12 months to the end of June from £0.7m the year before, on revenue that grew 14% to £452.7m. Legal completions in the year increased to 2,626 from 2,587 last year, while the average selling price of private homes rose 12.5% to £174,1000 from £154,800 the year before.Among today's laggards is the car insurer Admiral, hit by news that Office of Fair Trading is investigating the sector.Property company British Land has closed and drawn funds on a $480m US private placement bond issue, the largest US private placement transaction by a UK Real Estate Investment Trust. The placement, originally launched at $200m, was three times oversubscribed, prompting the company to increase the size of the issue.Turning back to retail, closing unprofitable shops helped homewares and ladies fashion retailer Laura Ashley post a rise in profits in the half year to 30 July. The stock is posting double-digit percentage gains. Pre-tax profits excluding exceptional items climbed to £7.3m from £5.7m over the same period the previous year. Total sales climbed by just 0.1% to £135.3m, but the closures of unprofitable shops helped drive like-for-like sales up by 3.5%. The interim dividend was doubled from last year to 1p.32Red, the online gaming company, posted an impressive 42% increase in revenue in the first half of 2011 to £11m after securing a sharp rise in casino customers. Operating profit has grown 156% to £1.5m and the company has announced its first ever interim dividend of 0.5p. Shares in Namakwa Diamonds sparkled after it announced it had reached agreement for Javirne, the investment vehicle of Ukrainian industrialist Eduard Prutnik, to become a strategic investor in the stricken southern Africa-focused miner. FTSE 100 - RisersMan Group (EMG) 234.20p +6.26%Royal Bank of Scotland Group (RBS) 23.60p +5.08%Glencore International (GLEN) 425.75p +4.93%Marks & Spencer Group (MKS) 326.00p +3.89%Lloyds Banking Group (LLOY) 33.98p +3.83%Essar Energy (ESSR) 263.80p +3.82%Morrison (Wm) Supermarkets (MRW) 299.50p +3.49%Hargreaves Lansdown (HL.) 502.50p +3.35%Tullow Oil (TLW) 1,207.00p +3.07%Vedanta Resources (VED) 1,432.00p +3.02%FTSE 100 - FallersSchroders (SDR) 1,442.00p -2.37%Johnson Matthey (JMAT) 1,595.00p -1.79%Admiral Group (ADM) 1,374.00p -1.65%Schroders (Non-Voting) (SDRC) 1,149.00p -1.54%Lonmin (LMI) 1,244.00p -1.27%Unilever (ULVR) 2,029.00p -0.98%National Grid (NG.) 627.50p -0.79%Scottish & Southern Energy (SSE) 1,286.00p -0.77%Centrica (CNA) 296.10p -0.74%British Sky Broadcasting Group (BSY) 671.00p -0.59%FTSE 250 - RisersLogica (LOG) 89.75p +8.92%Kenmare Resources (KMR) 45.73p +7.85%Perform Group (PER) 199.00p +7.57%Afren (AFR) 104.40p +5.72%Soco International (SIA) 363.10p +5.55%Morgan Crucible Co (MGCR) 282.70p +5.41%Sports Direct International (SPD) 230.60p +5.30%Home Retail Group (HOME) 121.50p +5.19%Ocado Group (OCDO) 114.40p +4.76%Heritage Oil (HOIL) 231.70p +4.75%FTSE 250 - FallersPremier Farnell (PFL) 161.20p -6.01%Regus (RGU) 75.30p -2.84%Victrex (VCT) 1,251.00p -2.65%Premier Foods (PFD) 12.12p -1.86%Daejan Holdings (DJAN) 2,493.00p -1.70%Devro (DVO) 251.10p -1.65%SVG Capital (SVI) 256.30p -1.57%Spectris (SXS) 1,431.00p -1.51%Cable & Wireless Communications (CWC) 37.68p -1.34%JPMorgan Asian Inv Trust (JAI) 205.80p -1.29%