StockMarketWire.com - FTSE indices were mixed with investor enthusiasm dampened as the UK parliament debates another round of military action in Iraq, this time air strikes against terror group of the moment IS.

Near noon, the FTSE 100 was up 1.4 points, or 0.02%, to 6641.11, while the FTSE 250 was down 40.98 points, or 0.27%, to 15,384.9. US and Asian markets booked falls overnight. UK's parliament is due to vote on the air strikes early this evening.

The blue-chips were led by a mixed bag with financials prominent. Admiral (ADM) rose 1.66% to 1253.5p. Lloyds Banking Group (LLOY), up 0.87% to 76.86p, has sold more TSB shares, the proceeds £161m. Other banks followed, as did financial services firms and insurers.

Resources stocks clustered atop the losers' board. Cairn Energy (CNE) led, falling 2.61% to 179.2p, followed by Petrofac (PFC), down 2.45% to 996p. 26/Sep/2014 11:47Anglo American (AAL) fell 0.71% to 1397p, and BHP Billiton (BLT) shed 0.36% to 1739.75p.

Among the supermarkets Sainsbury (SBRY) was off 2.31% to 252.05p, while gaffe-hit Tesco (TSCO) had shed 0.66% to 191.23p. Sports Direct International (SPD) fell 2.78% to 619.75p after yesterday backing a Tesco turnaround. Drinks firms SABMiller (SAB), off 0.94% to 3384.25p, and Diageo (DGE), off 0.72% to 1766.25p, were lower.

BIGGER MOVERS

Bank notes producer De La Rue (DLAR) said weak bank note printing pricing meant its FY pretax profit was likely to be £20m lower than the last year’s underlying £77.3m, forcing a 40% dividend slash. The shares plunged 30.9% to 524.5p.

A heavily discounted share placing saw oil shale technology play TomCo Energy (TOM) collapse 30.91% to 0.57p. It is raising £1m at 0.5p to fund the permitting process on its Holliday block in Utah and to bolster its working capital, a 39% discount to last night’s 0.82p close.

Junior miner Kalimantan Gold (KLG) shot up 455.86% to 4.03p on a maiden resource statement for its Beruang Kanan copper project in Indonesia. VSA Capital reckoned there was 'tremendous upside' on the deposit and has a 4.8p price target.

An unseasonably mild winter and a 'disappointingly cool' August were blamed for weak demand at rental company Andrew Sykes (ASY) heating and air conditioning units. H1 results saw revenue down 10% and EPS down 38% to 7.6p. The stock plummeted 22.52% to 292.5p.

LONDON HIGHLIGHTS

Lower volumes and rising competition in the Benelux recycling market, notably in Netherlands, hurts Shanks’ (SKS) operations in the region. It cut its pretax profit expectations by 15% in response, sparking a 15.45% share price collapse to 86.88p.

Premier Gold Resources (PGR) widened its H1 pretax loss to £0.4m, from a loss of £0.8m. The prior period was hurt by a £0.4m fair-value loss on derivative financial assets. PGR's work at Cholokkaindy continued to be held back by local resistance. Its shares fell 11.11% to 0.08p.

Fruit importer Fyffes (FFY) added 0.6% to 83.5p on news of a revised merger agreement with Chiquita Brands (CQB:NYSE). The new deal will hand the US-listed company a 59.6% stake in the planned all-share merger, to be called ChiquitaFyffes.

San Leon Energy (SLE), down 1.36% to 2.18p, is spudding the Kety exploration well today. It is the first well of a three-well planned programme in the Karpaty area and Permian Basin in Poland.




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