Share Prices & Company Research

Market News

11 Sep 2018 | 16:46

Miners keep FTSE in the red

Falling miners continued to weigh on the FTSE 100, trading 5.7 points lower at 7,273 as trade war fears continued to bite.

Fresnillo slid 2.2% to 794p followed by Randgold Resources, down 1.4% at £46.52.

Brent crude oil surged 1.7% to $78.67 per barrel and copper cheapened 1% to $2.58 per pound.

MID AND LARGE CAP RISERS AND FALLERS

Chemicals giant Elementis delivered a better deal for its takeover of Mondo Minerals with a $500m earn-out agreement, lower than its previous $600m proposal. Its shares shed 2.4% to 246.6p as it is going to have to hold a cut-price rights issue to help pay for the acquisition.

JD Fashion, up 6.5% at 519.2p, enjoyed a 'record result' in the half year to 4 August with like-for-like sales growth of over 3% despite a challenging retail environment.

Sanne Group was confident it could meet annual expectations amid continued growth momentum across the business and new contract wins, sparking a 5.7% rise to 628p.

Food packaging business Hilton Food added 5.3% to 990p as volume growth and better fish pricing boosted revenue.

Equipment rental firm Ashtead reported rising first quarter underlying rental sales and pre-tax profits and said full year earnings would beat previous expectations, pushing the shares up 5.2% higher to £23.98.

Audio visual distribution specialist Midwich went in the opposite direction, dipping 1.1% to 670p as investors were hoping for a stronger set of half year results.

Cairn Energy went from a profit of £77.7m a year ago to a loss of £602.9m in the first half of the year, prompting investors to mark the shares 2.7% lower to 226p.

SMALL CAP RISERS AND FALLERS

DP Eurasia, the owner of the Russian and Turkish Domino's Pizza franchise, rose 4.7% to 89p after it proved to the market that earnings remained strong in its core regions, despite the recent turmoil in Turkey.

OneView announced it would seek shareholders' approval to delist from AIM, wiping off over three-quarters of its market value.

Neuroscience-focused data science company IXICO won a new contract with a top 10 global pharma group to provide its imaging services to support a clinical trial, triggering a 10.3% boost to 30.3p.

Video game developer Team17 unveiled its maiden results since debuting on AIM in May, revealing higher sales earnings. Shares in the company rose 6.7% to 240p.

Business advisory company K3 Capital enjoyed a 53% jump in sales to £16.5m and soaring pre-tax profits, up 103% to £7.3m in the year to 31 May. The stock advanced 11.3% to 364p.

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.