Share Prices & Company Research

Market News

19 Sep 2019 | 09:41

UK stocks edge higher after mixed signals from Fed

UK stocks are making marginal gains on Thursday morning despite mixed signals from the US Federal Reserve in the previous session.

At 08:58, the benchmark FTSE 100 was 0.19%, or 14.12 points, higher at 7,328.99.

Retailer Next fell 4.08% to 5,918p amid profit-taking after it saw a 2.7% increase in pre-tax profit in the first six months of the year as strong online sales offset the continued slump in retail and left its full-year guidance unchanged.

Gulf Keystone slipped 3.18% to 228.50p after it confirmed that a gross payment of $14.1m ($11.0m net to Gulf Keystone Petroleum) had been received from the Kurdistan Regional Government for Shaikan crude oil sales during June 2019.

Diageo edged 0.4% lower to 3,256.50p after it announced in-line trading ahead of AGM 2019.

Kier dropped 5.5% to 124.83p after it announced its full year results with profits of last year at £88.5m falling to a loss of £209.2m in 2019. Earnings per share fell from 87.3p to a loss of 158.5p.

Saga added 1.56% to 46.13p even after it reported that pre-tax profits halved in the first half as the company focused on transforming its business in a tough market.

Tate & Lyle lost 1.47% to 735.40p after it said it had agreed a £930m bulk annuity insurance buy-in with Legal & General Assurance Society for its group pension scheme.

Productivity-enhancing instrumentation and controls company Spectris gained 4.28% to 2,601.75p said it had agreed to sell its BTG Group to Voith for a total gross cash consideration of €319m.

IG group jumped 7.87% to 624.15p after it performed well in the first quarter benefitting from growth in the number of active clients, and from increased client trading activity as a result of the favourable market conditions in August.

The City Pub Group dropped 9.31% to 197.25p even after it announced revenue growth in its interim results, up 36% to £27.1m (2018: £20.0m).

Cambridge Cognition was unchanged at 26p after it announced its interim results this morning with revenue of £2.17m (H1 2018: £2.75m) and the loss before tax widening to £1.74m (H1 2018: £1.02m loss).

Argo Blockchain, a UK-based provider of enterprise scale cryptocurrency mining services, fell 4.21% to 9.10p even after it announced that following the installation of 1,000 new Antminer T17 Bitmain mining machines, the total number of machines in production had increased from 5,000 to 6,000.

Begbies Traynor declined 2.34% to 73p after a statement to be made by Ric Traynor, executive chairman, at today's AGM was announced.

Cabot Energy climbed 6% to 4.24p after it announced it had entered into an agreement with High Power Petroleum LLC to raise US$350,000 gross (£280,000), before expenses, by way of a subscription.

DeepMatter edged 1.64% higher to 3.10p after it saw its first period of revenue generation for the combined group with revenue of £0.22m delivered.

EVR Holdings slumped 16.16% to 4.14p as it grew revenue from £6,831 to £128,432, with loss for the period before taxation growing from ££4.4m to £7.1m.

Mongolian oil explorer Petro Matad Limited added 1.62% to 5p after it said spudding had started at its Gazelle-1 exploration well in eastern Mongolia, a little earlier than previously forecast.

Miner SolGold gained 4.03% to 23.25p after it said that the Ecuador constitutional court had ruled against a petition to seek local consultation to consider the prohibition of mining activities in Southern Ecuador's Azuay province where SolGold's Sharug project is located.

Falanx rose 1.89% to 1.35p after it announced its annual results for the year-ended 31 March 2019: revenues increased 73% to £5.2m (2018: £3.0m), and gross margin increased significantly to 44% (2018: 31%) driven by favourable revenue mix and strong services utilisation.

Blackbird plc, developer and seller of the market-leading cloud video editing platform Blackbird, gained 2.19% to 10.47p after it announced that TownNews had again expanded its deployment of Blackbird for the fast production of digital news content in the US.

Harvest Minerals Limited shed 2.15% to 4.55p after it announced that the Ministry of Agriculture (MAPA) had issued approval for the company's new 'big bag' handling and storage facility, located at the Arapua Project, where it produces KPFertil, a multi-nutrient direct application natural remineraliser.

FW Thorpe slipped 0.63% to 300.10p after it reported a marginal increase in full-year revenue as tough market conditions in the first half offset 'excellent' order recovery in the second half of the year.

Ultimate Products dropped 2.5% to 74.10p even as it said it had renewed a trademark licence agreement with Spectrum Brands, giving it exclusive licence to use the 'Russell Hobbs' trademark in the UK and the EU until March 2023.

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.