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Markets

LSE Volume: 3,294 M
Avg Vol: 3,313 M -1%
Fallers
2,351
Unchanged 627
Risers
2,065

FTSE limps higher with Greek-EU odyssey in focus

FTSE indices limped to a positive close with the Greek economic odyssey and its potential collision course with the EU and Germany in focus. The market fretted over Greek banking-sector liquidity. Financial, energy and pharmaceutical stocks provided direction.

Matchtech, Networkers agree recommended offer

Matchtech Group and Networkers International have reached agreement on the terms of a recommended acquisition under which Matchtech will acquire the entire issued and to be issued share capital of Networkers.

Bagir's outlook

Bagir, the designer, creator and supplier of innovative formalwear tailoring, expects adjusted earnings before interest, tax, depreciation and amortisation to be marginally below forecasts.

SRB's assay

Serabi Gold has now sampled the Main Vein at the Sao Chico Gold operation, northern Brazil, and received assay results. The intersection has recorded an average true width of 3.6 metres with a gold grade of 42 g/t gold.

Filtronic warns

Filtronic has warned that results for its Wireless business in the current year will be substantially lower than market expectations.