MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


UK stocks open 0.2% stronger, led by miners

StockMarketWire.com

UK stocks opened higher on Wednesday, led by gains among mining companies.

At 0855, the benchmark FTSE 100 index was up 15.25 points, or 0.2%, at 7,738.23.

Anglo American and BHP Billiton were up 3.1% and 1.7%, respectively.

UK luxury fashion group Burberry firmed 1.8% as it posted a rise in annual profit, mostly owing to cost cutting that offset a fall in revenue.

Pub owner and brewer Marston's shed 4.9% after it swung to a first-half loss and kept its dividend steady. Write-downs on the value of the group's estate had offset a rise in revenue.

Fellow pub owner Mitchells & Butlers was having an even worse morning. Its shares slumped 10% on the back of a fall in profit, driven by higher staff, property and food costs and severe snow storms keeping punters at home.

Software group Micro Focus International gained 9.1% after it said it expected to beat its recently-downgraded revenue guidance for the first half thanks to the closing of a large licence deal.

Paddy Power Betfair gained 1.4% after the gambling group confirmed media speculation that it was in discussions regarding a potential acquisition of FanDuel to target the US sports betting market.

Bus and train service operator National Express Group rose 2.3% after it reported that revenue grew by 6.2% in the first fourth months of the year on a constant currency basis, boosted by a strong performance at its North American bus business.

Cinema chain Cineworld said popular films such as "Black Panther" and "Avengers: Infinity War" had supported 10.1% growth year-to-date revenue. Its shares, however, eased back 0.2%.

SSP Group, which operates food and beverage outlets at travel locations, posted a large rise in first-half profit after higher passenger volumes at airports helped boost sales. Its shares gained 1.5%.

Men's suit retailer Moss Bros Group rallied 11% after it said sales in the first 15 weeks of the financial year slid 2.4%. The fall nevertheless represented an improvement since a gloomy trading update released in March, when the company was experiencing stock shortages.

Dual-listed packaging company Mondi Group said first-quarter earnings grew 15% after higher average selling prices helped offset rising operating costs, maintenance disruptions and foreign exchange losses. Its shares gained 2.1% on the news. Story provided by StockMarketWire.com