(MENAFN- ProactiveInvestors) Blue-chips saw gains pared after UK gross domestic product (GDP) growth estimates were trimmed by the Office for National Statistics.
Having raced higher at the outset the FTSE 100 fell back below 6600 in the wake of the GDP release but then struggled back to 6603 up 26 points.
House builders were limiting the top-share index’s progress with () () and () each down more than one per cent and occupying the bottom three positions on the Footsie leader board.
In contrast as the Christmas shopping frenzy continues unabated supermarkets () () and 's (LON:SBR) were back in favour.
Among the small caps ( ASX:FTE) was showing strength up 26%. The firm expects to reveal a significant increase in uranium resources in its Slovakian joint venture.
Chinese software firm Geong () was wanted after the release of its half-yearly report. The firm has agreed with the holder of its convertible loan stock Hanafin Investments that a £1mln loan will be extended by one quarter until March 31 2015.
Shares shot up one-third on the news.
Motive Television () usually the most heavily traded stock on the market was heading north after it said it is scheduled to start deploying its platform to supply TV and film on demand to ship workers via tablet devices during the first quarter of next year.
The initial deployment will be on ferries in Greece it said as shares cruised 7% higher.
Venn Life Sciences () jumped 6% higher. In a short trading update it said it is on track to at least double last year’s revenues of €2.04mln after reporting that November was a record month.
On the downside posh chocolate maker is off 22% after a profit warning. The company has been caught in the crossfire of the price war of the supermarkets with the grocery chains cutting back on orders and switching to stocking cheaper brands.
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