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LSE Volume: 2,364 M
Avg Vol: 3,877 M -39%
Unchanged 594

FTSE essays Wall St falls, miners weigh

FTSE indices were down midday with a string of companies issuing financial reports, while mining and financial stocks weighed after disappointing US earnings reports hurt Wall St overnight.

RBS almost doubles H1 pretax profit

Royal Bank of Scotland booked an H1 pretax profit of £2,652m, from £1,374m. Total income was £9,978m, from £10,608. Its common equity tier-1 ratio was 10.1% at June 30, from 9.4% at March 31. Total assets were £1,011bn, from £1,024bn.

Casdon profits fall

Casdon's turnover for the 12 months ended 30 April rose by 15.78% to £7,514,576 but profits fell be more than 30%.

Toumaz in line

Toumaz Ltd said it has traded in line with the board's expectations, ahead of its interim numbers, with revenues up 32% at £10.8m (£8.2m in H1 2013) and an EBITDA loss unchanged at £5.6m (£5.6m in 2013). As at 30 June 2014, the cash balance was £13.2m.

Babcock contract

Babcock has been awarded a new contract to supply and support training to the Armed Forces. The contract will be in support of training at the Defence College of Technical Training and be located at their following Schools: