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London midday: More losses amid global worries

Thu, 18th Aug 2011 12:03

London's leading share index is nursing heavy losses now, with global worries over economic growth continuing to hurt sentiment.Miners are among the worst performers, with Kazakhmys, Vedanta and Rio Tinto deep in the red.FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata also fall despite announcing that a coal mine in Colombia, in which they own a 33.3% interest each, has received approval for its $1.3bn expansion project.Banking titans Royal Bank of Scotland, HSBC and Barclays were also out of favour, extending losses made yesterday. International Power, the power generator that is 70% owned by French utility company GDF Suez, fell after announcing that it is to expand the Jirau Hydro project, the largest hydro power project currently under construction in the world. Cinema group Cineworld suffered a profits fall of over 40% in the first half. However, the group posted sales that beat internal expectations as it confirmed its positive outlook for the second half.Telecoms equipment firm BATM Advanced Communications moves higher after it announced strong results for the six months ended 30 June 2011 reflecting a good recovery. The group's revenue was up 16.64% to $64.5m (2010: $55.3m) with gross profit up 17.67% to $23.3m (2010: 19.8m). Investment company Alexander David's decision to focus on AIM oil and gas companies unfortunately coincided with the start of a sharp decline in share prices in the sector. Alexander David used to be the pharmaceutical company ReGen Therapeutics, but decided to change its focus at the start of the year. The FTSE AIM All Share super sector Oil and Gas index fell by 20% between 18 February and 30 June. FTSE 100 - RisersAssociated British Foods (ABF) 1,046.00p +0.77%Resolution Ltd. (RSL) 273.30p +0.63%GlaxoSmithKline (GSK) 1,280.00p +0.08%Randgold Resources Ltd. (RRS) 6,430.00p -0.16%Reckitt Benckiser Group (RB.) 3,316.00p -0.24%Petrofac Ltd. (PFC) 1,167.00p -0.26%Imperial Tobacco Group (IMT) 2,049.00p -0.39%G4S (GFS) 252.10p -0.51%Sainsbury (J) (SBRY) 302.70p -0.53%Morrison (Wm) Supermarkets (MRW) 289.30p -0.55%FTSE 100 - FallersXstrata (XTA) 1,025.50p -5.22%Lloyds Banking Group (LLOY) 31.20p -4.99%Autonomy Corporation (AU.) 1,484.00p -4.75%Barclays (BARC) 165.90p -4.63%Glencore International (GLEN) 377.05p -4.54%John Wood Group (WG.) 551.00p -4.42%Aggreko (AGK) 1,804.00p -4.40%Royal Bank of Scotland Group (RBS) 23.69p -4.28%Burberry Group (BRBY) 1,294.00p -3.93%IMI (IMI) 800.00p -3.90%FTSE 250 - RisersPerform Group (PER) 168.60p +5.38%Savills (SVS) 317.80p +1.70%Michael Page International (MPI) 375.40p +1.35%JKX Oil & Gas (JKX) 204.70p +1.34%Telecom Plus (TEP) 641.50p +0.79%BH Macro Ltd. EUR Shares (BHME) € 18.59 +0.76%Premier Foods (PFD) 15.32p +0.66%BH Macro Ltd. GBP Shares (BHMG) 1,918.00p +0.63%BH Global Ltd. USD Shares (BHGU) 11.18 +0.63%Domino Printing Sciences (DNO) 590.50p +0.60%FTSE 250 - FallersAshtead Group (AHT) 106.70p -7.54%Kenmare Resources (KMR) 41.60p -6.79%Thomas Cook Group (TCG) 49.12p -6.70%Heritage Oil (HOIL) 213.80p -6.02%Keller Group (KLR) 360.00p -5.93%Aquarius Platinum Ltd. (AQP) 245.00p -5.70%International Personal Finance (IPF) 246.30p -5.70%Senior (SNR) 151.90p -5.53%Cookson Group (CKSN) 498.20p -5.38%Ferrexpo (FXPO) 347.50p -5.08%

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