- FTSE indices closed mixed as the UK parliament debates sanctioning military action in Iraq to help counter the threat posed by terror-group-of-the-moment IS. The blue-chip index was helped a jot higher by a mixed bag of sectors.

At the close, the FTSE 100 was up 9.68 points, or 0.15%, to 6649.39, but the FTSE 250 was down 42.22 points, or 0.27%, to 15,383.7. Wall St opened up, the Dow, Nasdaq and S&P500 rising. UK's parliament is due to vote on whether to sanction Iraq-focused air strikes.

British Land (BLND) led the blue chips up, rising 2.1% to 706p, followed by Hammerson (HMSO) and Land Securities (LAND). Fresnillo (FRES) was one of few miners on the up, gaining 1.8% to 761.5p. It was a similar story for Wood Group (WG.) among the energy plays, up 1.09% to 739p.

Financial stocks figured throughout the risers' board. Admiral Group (ADM) captained the insurers, while Shire (SHP), up 1.72% to 5330p, piloted the pharma sector. Other pharma stocks on the up included Smith & Nephew (SN.) and Astrazeneca (AZN).

The downside was dominated by mining and energy stocks, with supermarkets prominent again. Sainsbury (SBRY) fell 3.06% to 250.1p, while gaffe-hit Tesco (TSCO) lost 0.49% to 191.55p. Utility stocks also studded the losers' board.


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 33.6% to 504p.

A heavily discounted share placing saw oil shale technology play TomCo Energy (TOM) collapse 20% to 0.66p. 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) skyrocketed 455.17% 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 17.22% to 312.5p.


Stateside, the US price index for gross domestic purchases increased 2.0% in Q2, 0.1 percentage point more than in the second estimate. This index increased 1.4% in the first quarter. Excluding food and energy prices, the price index for gross domestic purchases increased 1.7%, compared with an increase of 1.3%.

Real gross domestic product in the US increased at an annual rate of 4.6% in Q2, according to the "third" estimate released by the Bureau of Economic Analysis. In Q1, real GDP decreased 2.1%. LONDON HIGHLIGHTS

Surface Transforms (SCE) was up 50% to 15.75p after yesterday's heady gains. On Thursday, SCE said it had signed a pre-production contract with an international aerospace system supplier for the supply of its carbon ceramic brake discs onto a US military aircraft.

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 12.41% share price collapse to 90p.

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 1.2% to 84p 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. Story provided by