The FTSE 100 is down 12.73 points to 7,402. This follows a mixed session in the Asian markets and a tentative start to trading on Wall Street after the Thanksgiving break.
In corporate news London Pride brewer Fuller, Smith & Turner (FSTA) is up 0.9% to 974p on release of a solid set of results to 30 September. The company’s adjusted pre-tax profits are up 4% to £23.8m with adjusted earnings per share gaining 5% to 34.22p, both on a year-on-year basis.
Marine services company James Fisher and Sons (FSJ) dives 3% to £15.73 after saying its outlook for the year remains unchanged for the year but warns of a slowdown in its offshore oil division. The company’s revenue for the ten months to 31 October is 7% ahead of the same period last year.
Specialist media company Future (FUTR) ticks up 1.6% to 390p after its full year results show a revenue increase of 43% to £84.4m. The company says it is considering paying a dividend in the current financial year ending September 2018.
Asset manager Miton (MGR:AIM) gains 8.2% to 38p after upgrading its guidance following net inflows in the second half of the year. Unaudited assets under management were £3.64bn at 31 October and the board is confident of exceeding market expectations for the full year.
Consultancy WYG (WYG:AIM) slumps 25.1% to 43.5p after issuing a profit warning. The company now anticipates operating profit will be substantially lower than current market expectations for £3.5m to £4m.
Video security solutions company IndigoVision (IND:AIM) tumbles 33.85% to 107.5p after issuing a profit warning and seeing its chief executive Marcus Kneen resign. The company says that the Middle East has experienced difficult trading conditions and warns that its results will be below forecasts.
Oil producer Hardy Oil & Gas (HDY) is down 3.9% after revealing its first half to 30 September losses have widened compared to last year. The company reports a pre-tax loss of $2.04m up from $1.2m at the same time last year. Revenue was nil, unchanged from last year.
