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LSE Volume: 63 M
Avg Vol: 4,892 M -99%
Unchanged 1

FTSE up as pre-Xmas cheer aids miners, retailers

FTSE indices closed higher on the Friday before Christmas with Santa turning up a few days early for mining, retail and financial stocks, which ticked higher through the day. Wall St opened firmer.

BATS unit agrees $575m settlement

British American Tobacco subsidiary Imperial Tobacco Canada has reached agreement in principle to settle legacy litigation with the Flintkote Company for US$575m.

Serco cleared

Serco Group said the Crown Prosecution Service has accepted the City of London Police's view that there is no evidence to support bringing charges against staff or the company in relation to its Prisoner Escort & Custody Services (PECS) contract.

Nature warns

Nature Group expects to incur an H2 pretax loss close to that reported for H1 and its results for 2014 are therefore expected to be materially below current market expectations.

Mirland's ruble

Mirland Development Corp said it is closely examining developments in the economic situation in Russia, and continues to focus acutely on the business' strategy as it works to actively deal with the consequences of the macro economic pressures in Russia.