StockMarketWire.com - The FTSE 100 was boosted by a flurry of full-year year results and an absence of profit warnings. The FTSE 100 was up 0.76% to 6,182.88.

The FTSE 250 was up 0.02% to 17,035.34.

West Texas Intermediate (WTI) crude fell 0.33% to USD47.92 and Brent crude oil was down 0.5% to USD48.11.

MAIN NEWS OF THE DAY

UK public sector net borrowing fell by GBP15.7bn to GBP76bn in the financial year ending March 2016, according to the Office for National Statistics, but this is GBP2bn more than expectations in April.

Germany's economy grew in the first quarter of 2016. Germany's final gross domestic product (GDP) growth for the first quarter of was 0.7%, which was in line with forecasts from the first quarter of 2015.

BLUECHIP RISERS AND FALLERS

Home improvement retailer Kingfisher (KGF) said its total sales rose to GBP2,723m in the first quarter to 30 April and its share price was up 2.3% to 368.95p.

Coca-Cola Holdings (HBC) fell 3.7% to 1,314.5p after Credit Suisse placed 5.4 million shares in the London-listed bottler on behalf o a private equity vehicle.

MID CAP RISERS AND FALLERS

Information technology company Aveva's (AVV) pre-tax profit fell 46% to GBP29.4m in the year to 31 March 2016 as a result of one-off costs of GBP15.2m. Shares fell 6% to 1,504p.

Asset manager Intermediate Capital Group (ICP) revealed its pre-tax profit fell more than 10% to GBP158.8m as a change in the derivatives market value for hedging purposes took hold. Shares retreated more than 4% to 644p.

Refurbishment company Paragon (PAG) fell 5% to 307.25p despite pre-tax profit in the first half rising 11% as the increase in stamp duty drove buy-to-let lending.

Greeting card chain Card Factory (CARD) suffered from lower footfall despite opening more stores, resulting in slower sales growth of 6.5% in the quarter ended 30 April, compared with 7.5% in the first quarter of this year. Shares retreated 3.6% to 367.25p.

Media corporation Entertainment One (ETO) announced its film division saw continued weakness as revenue slid 7% lower to GBP553m in the year to 31 March. The company hopes its restructuring programme with an expected annual cost savings will maximise its opportunities. Shares were down 3.3% to 174.1p.

IT infrastructure product provider Softcat (SCT) said gross and operating profit were both growing faster in 2016, causing shares to rise 2.6% to 325.45p.

SMALL CAP RISERS AND FALLERS

National retailer Topps Tiles (TPT) increased its pre-tax profit and reduced its debt in the 26 weeks to 2 April, following rebranding that boosted customer numbers. Shares were up 2.5% to 134.5p.

Private postal service UK Mail (UKM) was up by 5.4% to 301p despite revenue sliding to GBP481m, as costs for the new automated hub took hold. However, the company is optimistic its investment will be beneficial in the second half of the financial year.

Home emergency repairs business Homeserve (HSV) said its group profit was up 9% to GBP93m, as a result of seven million customers, boosting its share price 4.8% to 451.9p.

Scientific and tech product company Scientific Digital Imaging (SDI) reported a small pre-tax profit for its first half, boosting its shares 15.8% higher to 11p.

Indian power plants operator OPG Power Ventures (OPG) said it performed in line with market expectations and announced its maiden dividend for the year ending 31 March 2017. Shares climbed 3.3% to 69.75p.

Passport manufacturer De La Rue (DLAR) increased its pre-tax profits by GBP1m after the disposal of Cash Processing Solutions (CPS) in the year to 26 March due to a decline in one-off costs, boosting shares 3.6% to 528.25p. CPS was sold on 221 May.

Adhesive components producer Scapa (SCPA) revealed its revenue grew to GBP246.7m in the year to March 31, which was supported by revenue increasing by over a quarter from its healthcare division, and was up 1.7% to 250p.

Microencapsulation technologies firm Eden Research (EDEN) rose more than 2.6% to 988p after its revenue went up from GBP0.1m in 2014 to GBP0.9m as of 31 December 2015, following the approval and first commercial scale order of 3AEYin Kenya.

Iron casting producer Chamberlin (CMH) was down 10% to 59p after its revenue declined from GBP40.8m to GBP35m for the year ended 31 March, as it struggled in tougher trading conditions and with the strength of Sterling against the Euro.

International consultancy Porta Communications (PTCM) reported its headline pre-tax profit fell to GBP829,291 in the year to 31 December 2015, compared to GBP954,620 in the prior year. Shares slid over 6% to 5.75p.

Budget hotel EasyHotel (EZH) was up 0.5% to 99.5p after an 11.6% revenue increase after it decided to sell some of its rooms through online travel agents.


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