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Market Wrap - Market Open

FTSE keeps its growth momentum

16 August 2017 08:52

The FTSE 100 added 0.68% to 7,434 on Wednesday morning, adding further to yesterday's gains.

Balfour Beatty (BBY) gained 5.45% to 276.8p as underlying profit from operations rose to £39m in the six months to the end of June - up from £11m last time - and the group said it was on track to meet its full-year expectations.

Admiral (ADM) slumped 7% to 2,025p on a marginal 2% rise in its pre-tax profits to £193 million in the six months to the end of June. Group turnover rose by 15% to £1.45 billion and the interim of dividend of 56.0p per share is up 10% on last time.

Lookers' (LOOK) profit before tax was £44.6 million in the first half, down from £46.7 million the year before, sending the shares down 5.65% to 108.5p. First half revenues increased by 5% to £2.46 billion with growth from new and used cars, as well as aftersales.

Fertiliser development company Sirius Minerals' (SXX) operating loss widened from £4.7m to £14.7m in the first half of the year, driven by an increase in activity following the completion of stage one financing. The share price gained 0.77% to 27.37p.

Prudential (PRU) announced it had told its US independent broker-dealer network, sending the shares up 0.95% to 1,828.75p.

Hochschild Mining's (HOC) pre-tax profits fell to $39.9 million in the six months to the end of June - down from $60.3m last time. The share price plummeted by 15% to 269.1p. Story provided by StockMarketWire.com

Related Company: BBY

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