- FTSE indices were barely moved, the blue chip down and the mid cap up, with gains among top-100 retailers failing to offset losses among a palette of other sectors. Royal Mail (RMG) plunged as the government flogged 15% of the outfit to institutions. Wall St and Asian markets gained overnight.

Shortly after the open, FTSE 100 was down 3.65 points, or 0.05%, to 6826.62. FTSE 250 was up 41.07, or 0.23%, to 18,071.2. There were barely 30 blue chips lower. At 8.51am, crude prices were barely moved. Europe's bourses rose on the hint of a Germany-led impasse buster between Greece and its creditors emerged.

Royal Mail (RMG) fell 3.36% to 499.15p on news the government has sold about half of its 30% stake to institutional investors at 500p a share via an accelerated bookbuilding process. Proceeds from the sale of the placing shares would be £750m.

Other stocks lower included Vodafone (VOD), off 2.89% to 237.05p, Standard Chartered (STAN), off 2.24% to 1069.5p, and Fresnillo (FRES), off 1.59% to 725.75p. Among risers were supermarkets behind Tesco (TSCO), up 1.14% to 213.85p and house builders in the wake of Barratt Developments (BDEV), up 1.19% to 615.25p.

Mulberry (MUL), down 0.86% to 897.25p, said its FY pretax profit has slid to £1.9m, from £14.0m. Petrofac (PFC), up 0.78% to 903.5p, has been awarded an engineering and procurement contract by Petroleum Development Oman (PDO). Home Retail Group (HOME), up 0.69% to 160.6p, sees challenging sale at Argos in H1, but looks forward to a stronger H2.


Triad Group (TRD), up 32.26% to 20.5p, has booked a FY pretax profit of £0.35m, from £11,000. Revenue was £23.5m, from £19.7m. The results demonstrated the significant progress made in all areas of the business, and represented Triad's strongest performance for more than 10 years.

Avesco (AVS), up 23.05% to 173.5p, has booked an H1 pretax profit of £4.6m, from a loss of £1.1m. Interim dividend was hiked a third to 2p a share. It said trading is ahead of plan with full year results likely to exceed the board's prior expectations.

Jubilant Energy (JUB), up 12.67% to 3.38p, said an operating subsidiary in India has entered into a funding arrangement with Jubilant Enpro Private Ltd for a rupee-denominated unsecured loan facility of about $1.56m.


First Property Group (FPO), up 8.07% to 43.5p, has posted a FY pretax profit of £8.08m, up 22.4%. Total dividend rose 20.5% to 1.35p a share. WS Atkins (ATK), up 1.21% to 1510p, said FY revenues were up 0.4% at £1,756.6m, while underlying pretax profit rose by 14.6% to £121.9m.

Cyan Holdings (CYAN), down 3.61% to 0.2p, has conditionally raised £0.49m gross via a placing of 245m new shares at 0.2p each. This was additional to the conditional placing and subscription to raise about £4.1m on June 8.

Ophir Energy (OPHR), up 1.36% to 130.25p, said an independent reserves and resources report showed combined net 2P and 2C resources as at Dec. 31, 2014, were more than 1bn barrels of oil equivalent.

Petro Matad (MATD), down 1.96% to 6.25p, said the Government of Mongolia has formally approved the farmout of a portion of Petro Matad's participating interests in Blocks IV and V in Central Mongolia.

PZ Cussons (PZC), down 0.44% to 360.6p, said the performance of the Group for the year ended 31 May 2015 has been in line with expectations. The financial position of the group remains strong with cash generation also in line with expectations.

Greene King (GNK), up 0.61% to 822.5p, said it has waived its condition that its recommended offer for Spirit Pub Co (SPRT), up 1.72% to 115.25p, requires Competition and Markets Authority approval. The offer remains conditional on other matters, however.

Other stocks on the move included Halma (HLMA), African Potash (AFPO), Secure Property Development & Investment (SPDI), CareTech (CTH), Ediston Property Investment Company (EPIC), Heathrow (88BX), New World Oil & Gas (NEW) and Sylvania Platinum (SLP). Story provided by