London open: Modest early gains

Date: Tuesday 30 Nov 2010

Footsie has recovered some of yesterday's losses in early dealings after Wall Street perked up near the end of the US trading day.

Trading is subdued even so, with travelling disrupted by the weather and little company news about.

Miners African Barrick and Rio Tinto are still in demand after yesterday's bullish trading updates. African Barrick has found more gold in Tanzania, while Rio is upping its capital spend programme to meet what it expects to be strong demand for years to come.

British Airways is lower on the threat of industrial action hitting the New Year holiday period and extending into 2011.

Birmingham City Council has extended and expanded its existing contract with outsourcing titan Capita in a deal worth about £300m to Capita.

An increase in net new business helped fund manager Aberdeen Asset chalk up a meaty profit rise last year as it took 'full advantage' of the stock market revival. Underlying profits in the year to September rose to £210 from £85.1m, on revenues of £639m against £422m. Funds under management rose to £178.7bn.

Tile and flooring specialist Topps Tiles posted higher profits in the year to October 2 as sales recovered and said it is confident in spite of subdued consumer confidence. On a like-for-like basis, sales increased by 1.7%, against a 13.1% fall the previous year.

Sensor technology group Halma saw increased revenue and profit in all three of its divisions in the 26 weeks to 2 October. Group revenue rose 12% to £249.1m from £222.1m at the interim stage last year. Organic revenue growth on a constant currency basis was 10%.








FTSE 100 - Risers
Invensys (ISYS) 323.70p +1.51%
African Barrick Gold (ABG) 510.00p +1.39%
Rexam (REX) 309.70p +1.31%
BT Group (BT.A) 171.00p +1.18%

FTSE 100 - Fallers
Schroders (SDR) 1,623.00p -0.43%
Whitbread (WTB) 1,691.00p -0.35%
Resolution Ltd. (RSL) 218.90p -0.32%
British Airways (BAY) 260.40p -0.31%

FTSE 250 - Risers
Moneysupermarket.com Group (MONY) 81.85p +2.76%
Imagination Technologies Group (IMG) 354.60p +2.72%
Jupiter Fund Management (JUP) 297.00p +2.41%
SThree (STHR) 285.00p +1.79%

FTSE 250 - Fallers
Halma (HLMA) 319.60p -2.86%
Capital & Counties Properties (CAPC) 146.40p -1.88%
Genus (GNS) 816.00p -1.81%
Gartmore Group Ltd. (GRT) 103.60p -1.61%

FTSE TechMARK - Risers
Asterand (ATD) 11.25p +7.14%
Phytopharm (PYM) 8.10p +3.45%
Optos (OPTS) 133.00p +1.14%
Renovo Group (RNVO) 46.50p +1.09%

FTSE TechMARK - Fallers
XP Power Ltd. (DI) (XPP) 990.00p -1.30%
Wolfson Microelectronics (WLF) 233.00p -0.43%
CML Microsystems (CML) 166.50p -0.30%
Corin Group (CRG) 48.50p 0.00%

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