Exact(2)
Among the mid-caps QinetiQ, the defence technology group spun out of the Ministry of Defence, is up 14.1p to 210.8p despite a fall in half year profits from £85.6m to £52.3m.
Admiral trades at a 2016 estimated PE of around 15 times supported by a yield of around 6%. Also on the rise was Hikma Pharmaceuticals, up 48p to £24.48, despite a fall in half year profits from $244m this time last year to $204m, as it confirmed full year revenue guidance for 6% growth.
Similar(58)
Finally, the department store group Beale was steady at 65p despite the company announcing a fall in half-year profits from £2.01m to £875,000 and warning that, unless there was a major boost to sales during the rest of the financial year, it would make an annual loss.
In April, Debenhams reported a fall in half-year profits after trading was hit by snowstorms in January.
Weak activity in France contributed to a fall in first-half operating profit for French group AccorHotels.
David Montgomery's European newspaper group, Mecom, reported a fall in first-half operating profit yesterday as advertising revenues fell in Denmark, Germany and the Netherlands.
Inditex, the Spanish owner of retailer fashion chain Zara, has reported a fall in first-half profits.
Earlier this year, it reported a 58% fall in half-year net profits.
It comes as the group reported a 58% fall in half-year net profit, knocked by weaker metal prices.
Standard Chartered warned it could face more US fines over its money-laundering controls as it reported a 20% fall in half-year profits.
His resignation followed a 23.5% fall in half-year pre-tax profits in October.
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