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Markets

LSE Volume: 1,839 M
Avg Vol: 4,020 M -54%
Fallers
1,890
Unchanged 665
Risers
2,508

FTSE posts tepid gains as blue-chip news underwhelms

FTSE indices were up albeit with little momentum following a string of underwhelming blue-chip news, which retarded gains as UK retail sales data failed to inspire sector gains.

Unilever sees further slow-down in the emerging countries

Household goods maker Unilever reported underlying sales growth of 3.7% in the first half-year, with emerging markets up 6.6%. Operating profit was up 13% in the period at €4.4bn, reflecting profits on disposals.

Maple approach

Maple Energy has received an approach which may or may not lead to a cash offer to acquire the entire issued and to be issued share capital of the company.

B&Q sales down

DIY retail specialist Kingfisher said total sales in the UK & Ireland were up 0.7% in the first quarter (down 1.3% LFL), up 7.0% year to date (4.7% LFL).

Reed on track

Global information company Reed Elsevier reported underlying revenue growth of 4% in the half-year to end-June, totalling £2,847m or €3,473m.