The FTSE 100 was 0.5% higher at 6,849 as investors were relaxed ahead of upcoming UK public sector borrowing and Japanese trade data. Tesco (TCSO) nudged 1.3% higher after losing less market share to the discounters than others according to the latest figures from Kantar Worldpanel Grocery Market Share. Sainsburys (SBRY) went in the other direction, falling 1.2%. West Texas Intermediate (WTI) and Brent crude oil both slid 0.4% to $43.12 and $45.74 per barrel, respectively. Gold was flat at $1,313 per ounce while copper nudged higher to $4,740 per tonne. MAIN NEWS OF THE DAY B&Q-owner Kingfisher (KGF) was in negative territory, despite a 13.5% increase in underlying pre-tax profit to £436 million, which was driven by profit growth in the UK and Poland, as well as favourable exchange rates. Pharma giant GlaxoSmithKline (GSK) nudged lower on news that head of consumer healthcare Emma Walmsley will replace outgoing CEO Andrew Witty after his retirement in March. MID CAP RISERS AND FALLERS Spreadbetting provider IG Group (IGG) reported a 5% rise in total revenue in the three months to the end of August, but investors focused on declining UK revenue as a result of the Brexit vote. It traded 3.5% lower at 893.5p. Investors were not put off by online gambling company GVC's (GVC) loss of €86.1 million in the first half of the year, as the firm absorbed the acquisition costs of b.win.party. JP Morgan Securities said Regus (RGU) CEO Mark Dixon agreed to sell 37 million shares at 275p per share, raising £102 million. SMALL CAP RISERS AND FALLERS Specialty biopharmaceutical company PuriCore (PURI) agreed to sell its supermarket retail business to enable the firm to focus on drug development, triggering a rise of 22.9% to 25.5p. US focused oil production company Nighthawk (HAWK) settled all litigation and claims from agreements with Running Foxes Petroleum and related issues with RFP's joint venture partner American Patriot Oil and Gas. Shares gained 27.3% to 1.12p. Low-cost African airline fastjet (FJET) crashed 17.8% to 20.7p after more than doubling its operating loss to £31 million. Minds + Machines (MMX) proposed to return up to £13 million to shareholders using a tender offer at 13p per share, which represents a premium of 18% to the share price at close of business on 16 September. UK-based fashion brand French Connection (FCCN) slumped 7.4% to 40.3p on disappointing interim results, which revealed the business was in the red with a shrinking cash balance. Highland Natural Resources (HNR) said testing of DT Ultravert in the Piceance Basin, US, started in co-operation with Laramie Energy, Schlumberger and Calfrac Well Services, boosting its share price by 10.7%. Electronics manufacturing firm Judges Scientific (JDG) failed to spark interest as half year results showed orders and profits down despite rising revenues, which suggested pressure on pricing. Shares in the company fell 9.1% to £12.90. Clontarf (CLON) raised £400,000 via the placing of 80 million shares to fund costs associated with ongoing negotiations regarding the company's Ghanaian assets and additional working capital. Greatland Gold (GGP) was pushed 11.9% lower following its latest drilling results at its 100%-owned Bromus Project in Western Australia, that revealed anomalous levels of silver, zinc, cadmium and sulphur. Chaarat Gold (CGH) disappointed investors after stating it no longer wants to sell the Tulkubash Heap Leach project. Its shares fell 17.8%. Drug discovery company e-Therapuetics (ETX) declined 12.9% following half year results that revealed a cash burn of £4.9 million, which is likely to remain high in the second half.
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