Share Prices & Company Research

Market News

09 Jul 2019 | 12:07

FTSE claws back some ground by lunchtime

At midday the FTSE 100 was up a handful points, recovering from earlier losses, amid continuing Brexit-related pressure on sterling.

Industrial group Melrose fell 7.2% following negative news from the automotive sector which is a big customer for its GKN business.

LARGE AND MID CAP RISERS AND FALLERS

Online grocery retailer Ocado gained 10.3%, despite booking a deeper first-half loss partly owing to a fire at its Andover distribution centre in the UK. The company also booked an 11% rise in sales.

Software group Micro Focus International shed 0.2% after its first-half revenue slipped 7%. The company stuck to its full-year guidance for a fall of 4-6%.

Housebuilder Bovis Homes dipped 0.2% as it reported higher sales rates and selling prices in the first half.

Listed residential landlord Grainger advanced 0.8% on news that it had agreed to forward fund a 146-home development in Canning Town, London for about £62m.

Sports Direct was unchanged as it declared its £52m bid for video game company Game Digital unconditional after it was accepted by more than half of the target's shareholders. Game Digital fell 0.3%.

Animal-drug developer Dechra Pharmaceutical gained 1.1% on reporting an 18% rise in annual revenue in a trading update.

Recruitment company Robert Walters added 0.8% as its net fee income rose by 7% in the second quarter, owing to growth overseas offsetting weakness in the UK.

SMALL CAP RISERS AND FALLERS

Industrial chain supplier Renold sank 23.1% after it admitted to identifying accounting mistakes in previous results that led to an overstatement of profits. The company has consequently delayed its annual general meeting.

Trafalgar Property slumped 37% after it revealed that it had failed to secure funding needed to acquire an assisted living development site Camberley. 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.