Monday’s Master Investor Market Report

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

– The FTSE 100 closed the day at 6,108.71, an increase of 4.60 points.
– The FTSE 250 fell by 57.42 points to finish at 16,893.31.
– The FTSE All Share dropped by 0.17 points to 3,365.51.
– The FTSE AIM All Share finished at 739.82, down by 2.27 points.

Telecommunications outfit Inmarsat (ISAT) has announced an aviation broadband initiative that it will carry out in association with Lufthansa and Deutsche Telekom. In the initial scheme, Immarsat’s satellites will be used to connect 180 aircraft with ground based networks starting from next summer. Shares in the company rose by 11p to 999.50p.

Tracking technology specialist Seeing Machines (SEE) posted a widened loss before tax of AUS$10.2 million (£4.7 million) for the 12 months ended 30th June, practically four times higher than in the prior year. Revenues were up due to increased demand from clients in the mining industry, but this was heavily outweighed by increased development and marketing spending. Shares in the company dropped by 7.69% to 4.50p.

Exploration and development outfit Sable Mining (SBLM) has signed a Memorandum of Understanding with CITIC Construction regarding the construction of a 600MW coal power station at Sable’s Lubu site in Zimbambwe. The local government are also supportive of the potential project. Shares in Sable Mining rocketed 141.51% to 1.28p.

Shares in Belgravium Technologies (BVM) crashed by 15.15% to 3.50p after the firm posted a loss of £50,000 for the first half of 2015, a major turnaround from the £0.2 million profit in the same period of the prior year. Revenues also declined, which management blamed on difficulties involving the integration of its AFS acquisition. Belgravia said that the company was committed to cutting costs in the second half of the year.

Tomorrow’s news today

Clinigen (CLIN) will publish final results tomorrow, while A.G. Barr (BAG), Advanced Oncotherapy (AVO) and Horizon Discovery (HZD) are among those putting out interims.

Quote of the day

“The harder I work, the luckier I get.”
– Samuel Goldwyn

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