FTSE mixed ahead of UK CPI numbers

London stocks were mixed, albeit barely moved, in early deals with the blue-chip index up a wafer and the mid-cap down a jot. Traders are looking to UK CPI inflation numbers out mid-morning.

Soon after the open, FTSE 100 was up 0.48 points, or 0.01%, to 6890.9, while FTSE 250 was down 34.14, or 0.19%, to 17,607.0.

At about 8.39am, WTI crude was down 0.34% to $52.72/bbl and Brent was down 0.23% to $55.56/bbl. Gold was down 0.38% to $1161.4/oz, while silver and copper fell. Three-month industrial metals prices were mixed.

Miners were on the back foot, too. Randgold (RRS), lower 1.69% to 5682.5p, and Fresnillo (FRES), down 1.48% to 1128p, suffered as gold prices slipped. More metals diggers followed, too.

Standard Life (SL.) guided the FTSE 100 down with a fall of 2.77% to 350.5p, while Coca-Cola HBC (CCH) fell 2.47% to 1621p.

Tesco (TSCO), down 1.88% to 208.85p, and Sainsbury (SBRY), off 0.56% to 240.65p, eased. Also lower were several financials, pharmas, commercial property and utilities, but others in these sectors eked out mild gains.

Blue-chip risers and fallers were roughly evenly split, with the winners led north by Burberry (BRBY), up 2.25% to 1477.5p. Also up were house builders.

Anglo American (AAL), down 0.06% to 1209.25p, has announced the value of rough diamond sales for De Beers’s tenth sales cycle of 2016, amounting to $418m, compared with the $476m value of the ninth sales cycle.


Milestone Group (MSG), down 38.1% to 0.33p, has raised gross proceeds of £517,220 through a placing of 172,406,670 new shares at 0.3p each. An amount of £1.325m remains outstanding in relation to the October placing.

Proxam (PROX) fell 32.43% to 0.62p as remained committed to completing the sale of its Digital Payments Division. The company had a strong pipeline of deals, and was raising new funds from a Convertible Loan. It noted a minor anomaly in its reported issued share capital.

Richland Resources (RLD) dropped 24.44% to 0.85p as it conditionally raised about £1m gross via a placing of 133.33m new shares at a price of 0.75p each. Getech (GTC) rose 14.06% to 36.5p as it remained focused on cost control throughout the business. Directors had decided to not propose a 2016 dividend.


Microsaic Systems (MSYS), down 18.75% to 3.25p, expects EBITDA and pretax profit for 2016 will be broadly in line with market expectations at the time of the August fundraising and an improvement over 2015.

LGO (LGO), down 17.5% to 0.12p, has raised £1.18m gross via a placing of 984.6m new shares at 0.12p each in an oversubscribed stockbroker- and company-sponsored placement.

NCC Group (NCC), down 14.85% to 174.3p, anticipates year-end adjusted EBITDA to grow by up to 5% and be in the range of £45.5m to £47.5m — less than earlier expectations. Getech (GTC), up 14.06% to 36.5p, remains focused on cost control throughout the business and the board decided to not propose a 2016 dividend.

Carpetright (CPR), down 6.69% to 186.63p, said its revenue fell 3.8% to £222.3m and underlying pretax profit dropped to £5.0m (H1 FY16: £9.0m) in a challenging H1. It is accelerating its plans to transform the business and is encouraged by recent positive like-for-like trading.

Seeing Machines (SEE), down 11.11% to 4p, has conditionally raised £15m gross via a placing and subscription at 4p a share. Air Partner (AIR), up 3.67% to 497.63p, has acquired Clockwork Research Ltd, a fatigue risk management consultancy.

Prospex Oil & Gas (PXOG), down 11.26% to 1.93p, said Hutton Energy (UK) Ltd, its co-investor in Hutton Poland Ltd, which owns the onshore Kolo Licence, has sold 40% of its interest in Hutton Poland to ASX-quoted Grand Gulf Energy Ltd.

Fox Marble (FOX), down 10.77% to 7.25p, expects revenues from its quarried block marble and finished marble sales for the 12 months to end-December to be in the region of €0.7m. Its order book for 2017 currently stands at €2.9m.

Tristel (TSTL), down 10.17% to 159p, expects its unaudited H1 pretax profit to be no less than £1.6 million, compared to £1.5 million for the same period last year. Tertiary Minerals (TYM), up 4.55% to 1.15p, has reduced its FY pretax loss to £473,506, from a year-ago loss of £674,991. Revenue was £190,124, from £181,598.

OptiBiotix Health (OPTI), up 3.2% to 64.5p, has entered into a joint development agreement with a multinational. The agreement allows for the development of food and Over The Counter products containing OptiBiotix’s SlimBiome technology for the Asian market.

Other stocks in the news included Bellway (BWY), Hollywood Bowl (BOWL), Savannah Resources (SAV), Begbies Traynor (BEG), Scotgold Resources (SGZ), Balfour Beatty (BBY), UBM (UBM), Utilitywise (UTW), Hunting (HTG) and Byotrol (BYOT).

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