skip to content

Market Wrap - Market Open

FTSE 100 posts strong gains after ITV impresses

26 July 2017 08:59

The FTSE 100 gained 0.77% to 7,434.82 on Wednesday morning, with ITV (ITV) leading the increase.

The broadcaster said a drop in pre-tax profits in the six months to 30 June, from £425 million to £381 million, was as expected and increased the interim dividend by 5%. ITV shares gained 4.15% to 183.2p.

Pub and brewery Marston's (MARS) fell 3.4% to 177.3p despite like-for-like sales continuing to be ahead of the market.

Tullow Oil (TLW) swung to a pre-tax loss of $519 million in the first half from a profit of $24 million a year earlier. Sales revenue grew by 46% to $788 million, but it was hit by impairment costs of $642 million owing to weak oil prices. Nevertheless, the stock gained 3.7% to 159.4p.

GKN (GKN) slipped 2.4% to 318.8p after reporting organic sales growth of 5%.

Compass (CPG) saw organic revenue growth in the third quarter of 3.9%, with strong net new business in North America, good progress in Europe, and a challenging - but improving - environment in Rest of World. It gained 1.8% to 1,627p.

Antofagasta's (ANTO) group copper production for the first six months of the year rose to 346,300 tonnes - 7.1% up on a year ago - helping the stock add 0.32% to 954p.

Huntsworth's (HNT) headline profit before tax rose by 58% to £10.0m in the six months to the end of June with revenues up 9% at £94.2m. This boosted the share price by 2% to 63p. Story provided by StockMarketWire.com

Related Company: ITV

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.