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Markets

LSE Volume: 3,779 M
Avg Vol: 3,861 M -2%
Fallers
2,948
Unchanged 617
Risers
1,364

FTSE digs down as market slashes Tesco over gaffe

FTSE indices had entrenched their losses at the close, with Tesco (TSCO) the biggest blue-chip faller on a quarter of a billion pounds gaffe. Resources, financials and supermarket weighed.

Moss Bros H1 pretax profit slips lower

Moss Bros' H1 pretax profit slipped to £2.0m, from £2.2m a year ago. Revenue was £47.2m, from £44.0m. The company hiked its interim dividend significantly to 1.7p a share, from 0.3p.

MoPowered suffers

Shares in mobile commerce platform developer MoPowered (MPOW:AIM) collapsed after having to offer investors a huge 75% discount to Friday’s 20.25p close to get its £3.5 million cash call away.

Dairy Crest outlook

Dairy Crest expects to report overall first half Group profits broadly in line with last year.

London Mining beef

London Mining has announced that it is in dispute with Glencore regarding a cash pre-payment amount which the company has requested and which Glencore has refused to pay.