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LSE Volume: 2,631 M
Avg Vol: 4,105 M -36%
Unchanged 685

FTSE rises on miners as Capita leads the blue chips

FTSE indices were northbound midday with miners helping direction, followed by a string of financial and retail-related issues, as investors shrugged off Middle East concerns.

Johnson Matthey pretax profits fall on forex impact, Amplats...

Precious metals processor Johnson Matthey said it made progress in the Q1 in the face of headwinds from the effect of foreign currency translation and from the loss of commission revenue from Anglo American Platinum.

Minco upbeat

Minco said a Preliminary Economic Assessment (PEA) of its wholly owned Woodstock Project indicates a pretax Net Present Value (NPV) of C$846m (post-tax NPV of CDN$461 million), at a 8% discount rate and a pre-tax Internal Rate of Return ("IRR") of 17.97% (Post-tax IRR of 14.40%).

Capita profits up

Outsourcing group Capita said today that results for the first half-year to end-June include revenue increasing by 13.9% to £2.1bn (H1 2013: £1.8bn).

Serabi production

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to announce that commercial production at its Palito gold mine commenced with effect from 1 July 2014. The Company also provides an update on its activities at its high-grade underground gold mining operation at Palito for the second quarter of 2014.