Monday’s Master Investor Market Report

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

– The FTSE 100 closed the day at 6,084.59, a decrease of 33.17 points.
– The FTSE 250 fell by 42.71 points to 16,925.69.
– The FTSE All Share dropped by 16.28 points to 3,356.57.
– The FTSE AIM All Share finished at 732.06, down by 1.74 points.

Defence equipment outfit Chemring (CHG) reiterated its full year guidance this morning after posting revenues of £119 million for the four months ended 31st August, a 23.8% improvement over the equivalent period of last year. The decision not to upgrade forecasts was partially based on a number of delayed projects and cancelled orders, but the success of a major 40mm ammunition supply agreement will maintain earnings in the latter part of 2015. Chemring shares rose by 15p to 230.75p.

Home safety firm Sprue Aegis (SPRP) said that pre-tax profits for the first half of the year were £8.82 million, around four times higher than in the comparable period of 2014. Revenues were up by 137.4% at £56.5 million as a 10 year replacement cycle began in Germany and additional regions of the country mandated home smoke alarms. The shares shot up by 20p to 332.50p.

Imaging specialist DDD (DDD) said that its loss before taxation for the six months ended 30th June widened by 17.2% to $1.43 million (£1.27 million) after revenues dropped by almost two thirds as TV manufacturers moved away from the company’s proprietary 3D technology. Despite this, shares in the firm climbed 4.76% to 2.75p.

Shares in kitchen equipment manufacturer AGA Rangemaster (AGA) fell by 12.14% to 184.5p after Whirlpool withdrew its takeover bid on Friday night. Middleby’s £129 million offer remains on the table and was approved by AGA’s shareholders last Tuesday.

Tomorrow’s news today

Accesso Technology (ACSO) and Hydrogen (HYDG) will put out their interims.

Quote of the day

“Success is simple. Do what’s right, the right way, at the right time.”
– Arnold Glasgow

Comments (0)

Leave a Reply

Your email address will not be published.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