FTSE edges lower on miners
Shortly after the open, the FTSE 100 was down 11.92 points, or 0.17%, to 6,818.74. The FTSE 250 was down 40.56 points, or 0.25%, to 15,984.08.
In the US last night, the Dow crept up 15 points to 17,122, the Nasdaq lost 1 point at 4,570 and the S&P 500 was flat at 2,000 points. In Asia, the Nikkei was recently down 75 points to 15,459 and the Hang Seng had fallen about 219 points at 24,703.
Miners were led down by Rio Tinto (RIO), off 2.58% to 3249.50p. It was essayed in quick order by Anglo American (AAL) and Antofagasta (ANTO). In the energy sector, Tullow Oil (TLW) rose 1.55% to 187.25p after giving an exploration, appraisal update for Kenya.
Financials figured, captained by Man Group (EMG), down 2.1% to 118.95p. Royal Bank of Scotland (RBS), Aviva (AV.) and Schroders were a tickle off the pace.
Xaar Plc (XAR) posted an H1 pretax profit of £16.1m, from £22.3m.Its shares fell 25.71% to 415.00p. The board's expectation for 2014 revenue has reduced to £115-£125m, with adjusted operating margin projected to be broadly in line with the 26% achieved in H1.
Snoozebox (ZZZ) said a preliminary agreement has been signed for the provision of a portable hotel accommodation solution and fanzone for the 2018 World Cup with the host city of Saransk in Russia. Its shares rose 6.41% to 8.38p.
Vmoto (VMT) swung to an H1 pretax profit of $0.2m, from a loss of $0.6m a year earlier. Its shares rose 3.30% to 2.35p.
Paddy Power (PAP) booked an H1 pretax profit of 61.6m euros, down 20% from77.0m euros in the previous-same period. Net revenue totalled 396.5m euros, from 380.6m euros. The company’s shares fell 1.98% to 48.52p
Marshalls (MSLH) H1 pretax profit surged 75% to £14.0m, from £8.0m a year earlier. This followed a 15% spike in revenue to £180.0m, from £156.5m. Its shares rose 2.10% to 182.25p.
Lamprell (LAM) reported an excellent operational performance and strong financial results for the six months to the end of June, with revenues up to $632.3m from $506.6m and operating profits jumping to $53.4m from $19.2m. Its shares rose 3.68% to 162p.
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