London midday: Shares bounce after trading resumes

Shares are buoyant following the resumption of trading after this morning's shutdown.Shares began trading as normal this morning but technical problems later caused the exchange to shut down."The exchange regrets the inconvenience that has been caused to market participants by this morning's incident," the LSE said.Shares have been lifted by reports Saudi Arabia is prepared to increase crude supplies. The kingdom has entered "active talks" with European oil companies on how to meet the shortfall caused by the turmoil in Libya.Miners are among the top risers as the outlook for global growth improves. Platinum specialist Lonmin, Kazakh pair Kazakhmys and Eurasian Natural Resources and Anglo American are posting good gains.State-controlled Lloyds Banking is lower even though it swung back into an underlying profit last year as impairment charges almost halved and retail net margins improved. Pre-tax profits were £281m, down from £1bn, but on a continuing basis profits were £2.2bn against a loss of £6.4bn. Market forecasts had been for a profit between £1-1.8bn.The first set of results from International Airlines Group (IAG), the company formed by the merger of British Airways and Iberia, showed the group made a profit last year, despite higher fuel costs. The pro-forma results for 2010 are based on full year figures from Iberia and nine-month figures from British Airways, and showed 2010 revenue rose 10% to €14,798m from €13,456m in 2009. Profit before tax was €84m, compared to a loss of €1,158m in 2009.Defence firm Cobham has won a contract with US aircraft maker Boeing to provide hose and drogue aerial refuelling systems. The systems will be used on the US Air Force's new KC-46A tanker aircraft.Profits more than doubled last year at instruments group Spectris as recovery from the general recession came through much stronger than anticipated. Pre-tax profits soared to £120m, up from £54.2m, on sales of £902m, up from £787m. On an adjusted basis profits were over 90% better at £132m.A strong performance from its Grosvenor Casino business helped bingo hall and casino operator Rank hit the top end of forecasts last year, though business has been more mixed in 2011. Profits in 2010 rose to £55.2m from £48.5m, with all four of its business showing an improvement. Group revenue rose to £567.8m (2009: £540.0m) helped by an 11.2% increase in revenue from food and drink. The dividend rises to 2.4p from 1.35p.Insurer Brit is making a low key exit key from the stock market with pre-tax profits and premiums both lower. Brit, which in October agreed an offer made by Apollo Management and CVC Capital Partners, said gross written premium fell by 9.8% to £1.53bn, a reduction of 9.8% or 10.4% at constant currency. Combined ratio excluding the effect of foreign exchange on non-monetary items deteriorated to 97.1% (2009: 94.0%) affected by significantly higher charge for major claims during the year.FTSE 100 - RisersEurasian Natural Resources Corp. (ENRC) 962.00p +3.66%British Sky Broadcasting Group (BSY) 783.00p +3.64%Lonmin (LMI) 1,805.00p +3.14%GKN (GKN) 203.50p +3.09%ARM Holdings (ARM) 590.50p +2.96%Kazakhmys (KAZ) 1,442.00p +2.93%Anglo American (AAL) 3,269.50p +2.86%Rio Tinto (RIO) 4,280.50p +2.65%BHP Billiton (BLT) 2,421.50p +2.58%International Consolidated Airlines Group SA (IAG) 232.00p +2.56%FTSE 100 - FallersLloyds Banking Group (LLOY) 63.00p -4.23%Cairn Energy (CNE) 420.40p -0.66%BP (BP.) 491.55p -0.29%Randgold Resources Ltd. (RRS) 4,994.00p -0.22%Royal Dutch Shell 'A' (RDSA) 2,203.00p -0.20%Shire Plc (SHP) 1,682.00p -0.18%GlaxoSmithKline (GSK) 1,176.00p -0.17%Capital Shopping Centres Group (CSCG) 377.60p -0.11%Centrica (CNA) 333.50p -0.03%Marks & Spencer Group (MKS) 347.80p 0.00%FTSE 250 - RisersBerendsen (BRSN) 478.70p +6.38%Spectris (SXS) 1,326.00p +6.00%Rightmove (RMV) 900.00p +5.02%IG Group Holdings (IGG) 442.20p +4.54%Salamander Energy (SMDR) 311.60p +4.04%Informa (INF) 435.50p +3.91%Aquarius Platinum Ltd. (AQP) 407.00p +3.80%Rank Group (RNK) 129.60p +3.68%Taylor Wimpey (TW.) 37.50p +3.48%SIG (SHI) 128.70p +3.37%FTSE 250 - FallersCPP Group (CPP) 287.50p -2.54%EnQuest (ENQ) 141.20p -1.81%COLT Group SA (COLT) 150.50p -1.70%Lancashire Holdings (LRE) 590.00p -1.67%Savills (SVS) 371.20p -1.64%St. Modwen Properties (SMP) 171.80p -1.55%Ocado Group (OCDO) 202.10p -1.41%BH Global Ltd. USD Shares (BHGU) 10.7 -1.38%Redrow (RDW) 126.30p -1.33%Mcbride (MCB) 143.00p -1.24%