StockMarketWire.com - FTSE indices eked out slim gains as traders pounced on value buys and the market looks for further updates to the long-running Greece debt saga. Commercial property and financials provided direction, with Marks & Spencer (MKS) and National Grid (NG.) northbound on news.

Shortly after the open, FTSE 100 was up 0.58 points, or 0.01%, to 6536.26. FTSE 250 was up 20.23, or 0.12%, to 17,463.5. Wall St was lower overnight, but Asian markets were mixed and Europe's key bourses were mildly firmer. At 8.42am, crude prices were up less than 1%.

ARM Holdings (ARM) led blue chips up with a 3.14% rise to 1068.5p, followed by International Consolidated Airlines (IAG), up 1.34% to 490.7p. Otherwise commercial property was in focus. Land Securities (LAND) gain of 1.26% to 1245.5p, while Hammerson (HMSO) added 0.76% to 628.75p.

Marks & Spencer (MKS), up 1.14% to 553.25p, said all its FY guidance remains unhanged, and that the company continues to make progress against key priorities. Other supermarkets were broadly lower. National Grid (NG.), up 0.53% to 828.35p, has begun a share buyback programme.

Financial stock gained behind Lloyds (LLOY), up 0.86% to 84.87p, with 3i Group (III), Admiral (ADM), Aviva (AV.) and Schroders (SDR) following suit. Blue-chip risers and fallers were roughly evenly split. Miners and oil stocks crowded the top of the losers' ladder, with BP (BP.) down 1.35% to 423.7p and Fresnillo (FRES) off 0.87% to 681p.

BIGGER MOVERS

Omega Diagnostics (ODX), down 19.13% to 18.5p, has hiked its FY pretax profit to £0.68m, from £0.54m. Revenue was £12.1m, from £11.6m.

iEnergizer (IBPO), down 14.55% to 23.5p, has raised £2.12m via a placing of 15.12m new shares with EICR Cyprus Ltd at 14p each.

LONDON HIGHLIGHTS

SerVision (SEV), up 9.5% to 4.38p, has been chosen by Gatwick Airport Ltd to supply its live mobile CCTV systems and monthly data services to enhance, secure and protect the mobile assets of the airfield operations.

Solid State (SOLI), down 7.8% to 827.5p, has improved its FY pretax profit to £3.01m, up 40% from £2.15m. Turnover was £36.56m, from £32.09m. Dividend was 12p a share, from 8.5p. Cyan Holdings (CYAN), up 8.11% to 0.2p, said H1 trading was in line with management views.

Vast Resources (VAST), up 6.27% to 1.78p, has concluded an agreement to purchase 50.1% of the issued share capital of Sinarom Mining Group, the company that owns the Manaila polymetallic mine, Romania, for 1 euro and the assumption of debt.

Robert Walters (RWA), up 4.06% to 429.5p, has improved its Q2 net fee income to £60.0m, up 11% from £53.9m. Net fee income improved in Asia Pacific (up 10% to £25.8m), UK (up 19% to £20.1m), Europe (up 3% to £11.2m) and Other International (up 13% to £2.9m).

Eagle Eye (EYE), up 4.79% to 208p, saw continued strong strategic progress in the year to the end of June and has won a multi-year contract with Sainsbury's. DekelOil Public (DKL), up 2.42% to 1.27p, saw crude palm oil output rise to 21,836 tonnes in the six months to end-June, 53% up on the 14,242 tonnes produced for the whole of 2014.

ASOS (ASC), down 0.14% to 3845.5p, saw retail sales rise by 20% to £386.0m in the four months to end-June. UK retail sales were up 27% while International retail sales rose 16%. Retail gross margin was up c.280bps on the year. It had 9.7m active customers at 30 June.

Stagecoach (SGC), down 0.88% to 399.85p, has been told by the Department for Transport that it is ending the discussions with Stagecoach South Western Trains Ltd about the direct award of a new rail franchise. DfT will be inviting tenders for a new long-term franchise. Other stocks in the news included Howden Joinery Group (HWDN), McBride (MCB), Interserve (IRV), Gama Aviation (GMAA), Young & Co.'s Brewery (YNGA), Servelec (SERV), Renewable Energy Generation (WIND), Connect Group (CNCT), Cineworld (CINE), Ultra Electronics (ULE) and Somero Enterprises (SOM).




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