- Anite 138.30
-0.10 - Caza Oil & Gas 12.25
+0.25 - Centrica 372.40 -1.30
- F&c Asset Man 96.20 0.00
- Impellam 388.50 -27.50
- Mcbride 111.75 0.00
- Rolls-royce Hlg 1,191.00 +3.00
- Sdl 300.70 +29.70
- Sigma Capital 18.25 0.00
FTSE ends strongly as the banks and miners progress
Monday, 30th July 2012
END-OF-DAY REPORT: Headline shares made strong gains by the close as investors anticipate further stimulus measures from the US and EU, with strength in banking and mining stocks underpinning the main index. At the close of business, the FTSE100 was up 66.42 points at 5,693.63 with the FTSE250 ahead 59.9 points at 11,238.91 and the FTSE Smallcaps 22.17 points better at 3,009.2.
NEW YORK
US stocks were lower in late morning trade, investors cautious ahead of expected news from the Fed, ECB and Bank of England later in the week.
Approaching the close in London, the Dow Jones Industrial Average was down 10 at 13,066, the S&P500 lost 2 points at 1,384 and the Nasdaq Composite dropped 12 points at 2,946.
LONDON MARKETS
Investors in London were positive today, on hopes of further growth stimulus measures from the US and EU.
Insurance giant Aviva progressed 12.6p at 299p, on reports it is preparing to sell off its US business. Elsewhere, Prudential gained 9p at 778p and Legal & General added 2.1p at 129.2p.
Banks shrugged off Libor-fixing and money laundering problems to post early gains, with Barclays up 3.55p at 171.9p, helped by Societe Generale upgrading the stock from hold to buy, while raising its target from 170p to 190p.
Meanwhile, HSBC improved 12p at 543.1p as it reported a jump in profits but set aside $2bn to deal with regulatory issues in the US and UK. Royal Bank of Scotland added 7.7p at 222.2p and Lloyds lifted 0.89p at 31.09p.
Mining stocks were positive despite easing metals prices, with Rio Tinto ahead 45p at 2,937p, while BHP Billiton ticked up 30p at 1,880p and Vedanta Resources advanced 32.5p at 928p
Oil producers gained as WTI crude remained around $90 a barrel, with Shell up 30p at 2,248.5p, Tullow Oil ahead 31p at 1,333p and BP 5.75p higher at 444.45p ahead of interim results tomorrow.
Power provider National Grid improved 7p at 668.5p after saying it enjoyed a solid performance in the first quarter and is maintaining its guidance for the full year.
However, airlines group IAG topped the leaderboard, up 9.04p at 162p, on the read across from better-than-expected Q2 numbers from rival Air France.
Other notable gainers included industrial pump maker Weir Group, up 45p at 1,704p, precious metals processor Johnson Matthey, ahead 56p at 2,224p, and steelmaker Evraz, 13.1p better at 241.6p.
On the downside with blue chips, household goods group Reckitt Benckiser fell 6p at 3,536p, with investors unimpressed when the Cillit Bang maker said it maintained like-for-like sales growth in the second quarter thanks to strength in emerging markets.
The retail sector provided some of the worst performers of the day, with fashion house Next down 14p at 3,232p, Tesco off 2.65p at 318.35p and Sainsbury 2.7p lower at 320.5p.
However, publishing group Pearson took the wooden spoon, slipping 40p at 1,190p.
Story provided by StockMarketWire.com
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