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London pre-open: Footsie on the front foot

Market Reports

London pre-open: Footsie on the front foot

Mon, 15 August 2011
London pre-open: Footsie on the front foot
Spectris Quote more

Price: 1,802.00

Chg: 47.00

Chg %: 2.68%

Date: 16:40

London's leading shares are set for a bright start with City traders predicting the top-share index will open around 50 points up from Friday's close of 5,320.

International recruitment firm Michael Page made a flying start to 2011 but said profit growth in the banking sector has tailed off in the second half of the year. Profit tax before non-recurring items jumped 37.9% to £45.5m from £33.0m the year before.

After just three months outsourcing and energy services firm MITIE had secured 85% if its budgeted revenues for the financial year, as at the end of June. The order book is at record levels and the pipeline of opportunities remains good, the company said.

Precision instrumentation and controls company Spectris is to acquire Omega, a privately held US business providing measurement and control instrumentation services to industrial and academic customers, for $475m (£290m).

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FTSE 100 Top Risers

Name Last Chg.% Time
Barclays 240.80 8.20 16:59
Royal Bank of Scotland Group 388.00 6.21 17:03
International Consolidated Airlines Group SA (CDI) 409.20 4.74 16:48
St James's Place 742.50 4.56 16:59
ARM Holdings 875.00 4.35 16:59

FTSE 100 Top Fallers

Name Last Chg.% Time
Randgold Resources Ltd. 3,678.00 -2.67 17:01
Fresnillo 695.00 -2.65 17:09
Direct Line Insurance Group 275.70 -1.95 17:01
TUI Travel 398.60 -0.55 17:01
Morrison (Wm) Supermarkets 154.80 -0.51 17:09