- Aseana Prop. 0.42 0.00
- Hays 95.00
+0.05 - Jz Capital 515.00
-1.00 - Lms Capital 73.00 -1.00
- Lzye Grp 5.88 0.00
- Spectris 2,116.00 +16.00
- Total Ord 39.55 +0.08
- The Vitec Grp. 588.00 +1.00
- Watermark Glb. 0.10 +0.01
FTSE ends the session just slightly lower after a late rally
Friday, 8th June 2012
END-OF-DAY REPORT: Headline shares pared losses by the close as banking shares came off lows on hopes of a weekend solution to Spain's immediate problems, but resources stocks remained weak on demand concerns. At the close of business, the FTSE100 was down 12.71 points at 5,435.08 with the FTSE250 off 46.17 points at 10,698.95 and the FTSE Smallcaps 1.16 points lower 2,910.06.
NEW YORK
US stocks were slightly higher in late morning trade on hopes a relief package may be agreed for Spain over the weekend.
Heading for the close in London, the Dow Jones Industrial Average was up 12 points at 12,473, the S&P500 rose 1 point at 1,317 and the Nasdaq Composite added 10 points at 2,841.
LONDON MARKETS
A cautious economic appraisal by US Federal Reserve Chairman Ben Bernanke last night and a further downgrade for Spain and news of a bigger-than-expected fall in exports from Germany combined to ensure a dismal day in London.
Slowdown fears knocked metals prices, impacting the mining sector, with Vedanta Resources the worst performing blue chip of the day, off 50p at 935.5p. Elsewhere, Kazakhmys lost 23p at 705p and Rio Tinto fell 146p at 2,869p.
Falling crude prices hit the oil producers, with Shell dropping 5.5p at 2,120p, BP off 4.55p at 409.05p and BG Group 11.5p lower at 1,26.5p.
Oil industry service groups followed the trend, with Petrofac off 42p at 1,535 and AMEC down 20p at 964p.
Builders' merchant group Wolseley was unable to take advantage of an upgrade to buy from sell at Panmure Gordon, falling 17p at 2,111p. The broker hiked its target for the stock from 1,500p to 2,500p.
News that Rolls-Royce is to acquire the 50% of Aero Engine Controls it does not already own failed to inspire investors, the shares slipping 10p at 818.5p.
The continued concerns over European financial institutions dragged most of the banks lower today, with Barclays off 2.5p at 190.35p, Standard Chartered down 22.5p at 1,360.5p and Royal Bank of Scotland 1.4p lower at 223p. Lloyds eked out a gain of 0.01p at 28.01p.
On the upside utilities were the safe haven of choice, with Severn Trent gaining 47p at 1,782p, while Scottish & Southern Electricity added 15p at 1,344p and National Grid rose 8.5p at 662p.
A few retailers defied the gloom, with Next up 14p at 3,036p, Morrisons ahead 2.1p at 281.6p and Sainsbury 0.5p higher at 289.6p.
However, outsourcing group Capita topped the leaderboard, up 18p at 649.5p after clinching a £154m deal with West Sussex County Council.
Story provided by StockMarketWire.com
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