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LSE Volume: 3,671 M
Avg Vol: 4,072 M -10%
Unchanged 577

FTSE speeds higher on resources, retail stocks

FTSE indices sped higher towards midday as profit-hungry investors sniffed buying opportunities in miners discounted yesterday, while energy stocks enjoyed an uptick on rebounding crude prices. Several retail-sector players also ticked higher.

Hornby upbeat on FY

Hobby specialist Hornby said, looking ahead, its FY results will depend on the Christmas trading season's success. "Current indications are that it will meet our expectations."

Future upbeat

International media group and leading digital publisher Future posts pre-tax losses of £35.4m for the year to the end of September - up from £2.2m last time. It said its transformation programme was largely complete, and was upbeat on Q4 and Q1 2015.

Savannah's cash

Savannah Resources has raised about gross £1.3m cash through the placing of 29,483,704 shares at 4.45p each with both new and existing investors.

Ormonde's permit

Ormonde Mining said the Mining Permit for its flagship Barruecopardo Tungsten Project in Salamanca, Spain, has been granted.