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Markets

LSE Volume: 1,242 M
Avg Vol: 2,968 M -58%
Fallers
2,639
Unchanged 714
Risers
1,667

Miners carry FTSE down as China concerns resurface

The FTSE was down midday with miners the ballast in a session awash with interim results after key Asian indices fell on broad investor concerns about China's future economic growth, in part stoked by comments from a senior economic official there.

Paddy Power H1 pretax profit falls 20%

Paddy Power booked an H1 pretax profit of 61.6m euros, down 20% from77.0m euros in the previous-same period. Net revenue totalled 396.5m euros, from 380.6m euros. It proposed an interim dividend of 50 cents, from 45 cents a year earlier.

Molins warns

Molins has swung to an H1 pretax loss of £0.1m, from a profit of £0.7m a year earlier. Revenue was £40.0m, from £47.8m. It maintained its interim dividend at 2.5p a share.

CSR bid fever

CSR notes recent press speculation and confirms that it has received an approach regarding a possible offer for the company from Microchip Technology.

Xaar's profit

Inkjet printing technology company Xaar Plc has poted an H1 pretax profit of £16.1m, from £22.3m. Revenue was £60.4m, from £67.2m. It proposed an interim dividend of 3p a share, from 2.5p.