This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-33633806
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
FTSE 100 higher on positive company results | |
(about 4 hours later) | |
(Noon): Some positive updates from companies helped to lift the London market, while Pearson shares rose after it said it was in talks to sell the FT. | |
Pearson shares climbed 1.9% after it said was in "advanced discussions" regarding a sale of the FT Group. | |
The FTSE 100 index was 12.78 points higher at 6,680.12 by lunchtime. | |
Shares in Unilever rose 2.1% after the food and cosmetics giant reported a better-than-expected 2.9% rise in second quarter underlying sales. | |
B&Q owner Kingfisher was also on the rise, climbing 1.6% after it reported a pick-up in sales growth over the past 10 weeks. | |
Aberdeen Asset Management was the biggest loser on the FTSE 100, dropping 7.9% after investors withdrew £9.9bn from its funds in the second quarter. | |
The company blamed the fall on worries over the stock market swings in China, and the increasing prospects of a US rate rise. | |
Energy firm SSE fell 4.9% after saying its retail business was expected to report lower profits this year. | |
Outside the FTSE 100, shares in Daily Mail and General Trust sank 8.6% after the publisher said full-year results would be at the lower end of expectations because of a "marked deterioration" in the UK print advertising market. | |
Shares in baby goods retailer Mothercare fell 7.5% after it reported a slowdown in sales growth. | |
It said trading in its international division - which has been its more profitable side in recent years - had been "more volatile", with consumer confidence hit in some markets. | It said trading in its international division - which has been its more profitable side in recent years - had been "more volatile", with consumer confidence hit in some markets. |
Meanwhile, like-for-like sales in the UK rose 1.3% in the second quarter, compared with 5.1% growth in the first. | Meanwhile, like-for-like sales in the UK rose 1.3% in the second quarter, compared with 5.1% growth in the first. |
On the currency markets, the pound fell after UK retail sales figures for June came in weaker than expected. | |
Sterling dropped 0.1% against the dollar to $1.5596 and fell 0.7% against the euro to €1.4187. | |