Friday’s Master Investor Market Report

1 mins. to read
Friday’s Master Investor Market Report

– The FTSE 100 closed the day at 6,187.65, a decrease of 180.24 points.
– The FTSE 250 fell by 362.77 points to 16,876.60.
– The FTSE All Share dropped by 92.71 points to 3,399.93.
– The FTSE AIM All Share finished at 732.40, a fall of 11.15 points.

Cabling specialist HellermannTyton (HTY) has reported revenues of €346.8 million (£249.5 million) for the six months ended 28th June, an increase of 18.3% over the comparable period of 2014 with strong growth in all geographic divisions. The company said that the current quarter has started well and that it expects its acquisition by Delphi Automotive to complete by the end of the year. Shares in the firm held steady at 467.1p.

Software developer TechFinancials (TECH) saw its stock crash 25% to 21p after the company issued a warning that revenues and profits would not meet expectations. Management decisions have led to lower sales conversions for its business to consumer software platform.

Water technology specialist HaloSource (HAL) has signed a major deal with Panasonic’s Indian subsidiary. Although the financial terms have not been revealed, the company has reported that its water purification systems would be used in a number of Panasonic’s low and mid range products in the country. India is the world’s fifth largest market for domestic water purification systems. The shares climbed 2p to 24.5p.

Arria NLG (NLG) shares shifted down 5.92% to 35.75p after the company announced that it has inked an agreement with a major consumer products firm’s analytics arm. The deal remains contingent on a proof of concept implementation, but management believe that this can be used as a platform to showcase Arria’s technology.

Monday’s news today

Amlin (AML), Kingspan (KGP), and Headlam (HEAD) will publish interim results on Monday.

Quote of the day

“Honesty is the best policy – when there is money in it.”
– Mark Twain

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *