(MENAFN- ProactiveInvestors) Miners held the FTSE 100 back this morning keeping the index away from another new high.
Glencore () shares were hurt by its full-year results which included a $1.1bn write-down due to lower commodity prices.
() and () also struggled as gold failed to make any headway due to a strong US dollar.
A weaker mining sector isn't being helped by a refocus on slowing Chinese growth with some apprehension ahead of Thursday’s updated GDP growth target from Beijing.
() was also at the wrong end of the FTSE 100 after it put aside an extra £750mln for foreign exchange rigging fines dragging full-year profits down.
Builders’ merchant () was the heaviest faller. Shares fell 65p to 1960p as traders were underwhelmed by its final results.
Even so the blue chip index was 13 points higher at the time of writing up to 6954 – but unable to break yesterday’s intraday high of 6974.
On the flip side () headed north after the house builder posted higher pre-tax profit and doubled its dividend.
Meanwhile () shares bounced back up 13p to 370p after a hefty share price fall of 8% yesterday.
In the mid-cap s broker () reported lower than expected revenues which meant share took a knock down 25p to 326p – a drop of 7.3%.
Set top box maker () forecast better-than-expected revenue for the current year boosting shares 8.7% higher to 364p.
Irish bookmaker Paddy Power () flew out of the stalls. Shares are 9% higher after recording record profits last year and plans to reward its investors.
AIM-listed Golden Saint Resources () shot up 50% as it confirmed it would not draw down further on the £2mln of senior convertible bonds with Darwin Strategic announced last year.
() advanced 10% after it told investors that oil produced from the Tsimiroro field will be sent to an industrial customer this month for testing.
Tern () shares made gains as it revealed that Cryptosoft in which it owns 95% of equity has struck a strategic agreement with a US based software vendor specialising in IoT (the Internet of Things).
Motive Television () was also on the rise up 3%. The company has released its first update app for TabletTV in the UK.
The new version 2.0 has been submitted to the App store for review and is expected to be available in around a week.
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