London close: Higher finish for FTSE 100

16th Sep 2011 16:45

Stocks finished higher after an uncertain day in which most attention was focused on a meeting of European finance ministers in Poland.At the meeting, which also included US treasury secretary Timothy Geithner, ministers ruled out further stimulus. European Central Bank president Jean-Claude Trichet is making a speech later today.Turning to UK stocks, FTSE 250-listed food label printer Domino Printing plummeted after saying that while sales were 4% ahead in the first 10 months of the year, the group is seeing some softening in demand in Western Europe and North America.Close Brothers, the FTSE 250 banking , securities and asset management firm, was little changed after disposing of its 49.9% stake in Mako Global Derivatives Executive, a market maker in exchange traded derivatives, for $40m (£25.3m) in cash.Glencore went well after chief executive Ivan Glasenberg bought shares worth £10m.Exillon Energy, which has been posting big gains lately, added more after saying that its well EWS I-44 has found oil in West Siberia. The FTSE 250 Russia-focused oil producer said that the well was spudded on 1 August and flowed water-free oil naturally to the surface with a flow rate of 768 barrels per day. Shares in Aurelian Oil and Gas plummeted after the company reported that the gas recovery from the Trzek-3 appraisal well is lower than anticipated. The well is also producing higher levels of water than expected. Irish oil group PetroCeltic was also suffering. It falls after it an update on drilling operations in Algeria. At testing at AT-6 in the Ain Tsila field in the southeast of the North African country, the presence of gas was confirmed, but PetroCeltic added: "The well was subsequently lifted with nitrogen to aid clean up however no flow was observed." Shares in Leni Gas & Oil, which operates in Spain and Trinidad, dropped after a fall in profits, but chairman David Lenigas will be pleased with the performance of his other company, LonZim. The Zimbabwe-focused shares are up after it successfully raised £917,000 in a placing. A jump in sales to supermarkets helped orange grower Asian Citrus squeeze out a big rise in profits in the year to 30 June. Pre-tax profits rose to RMB1.121bn from RMB587.3m the previous year on revenues up to RMB 1.413bn from RMB 812.5m. The total dividend was raised by 25% to 1.4p. The shares jumped 10%.New website launches have cheered investors in both surfwear group Hot Tuna and telecommunications software group Globo.FTSE 100 - RisersInmarsat (ISAT) 532.50p +6.93%3i Group (III) 209.80p +5.06%Glencore International (GLEN) 454.70p +3.99%Legal & General Group (LGEN) 100.40p +3.56%Barclays (BARC) 163.40p +3.42%Randgold Resources Ltd. (RRS) 6,955.00p +3.34%Associated British Foods (ABF) 1,118.00p +3.23%Serco Group (SRP) 515.50p +2.89%Pearson (PSON) 1,138.00p +2.52%Essar Energy (ESSR) 268.90p +2.40%FTSE 100 - FallersIMI (IMI) 807.50p -3.24%ARM Holdings (ARM) 595.00p -2.46%British Sky Broadcasting Group (BSY) 688.00p -1.64%Lonmin (LMI) 1,198.00p -1.48%Experian (EXPN) 711.50p -1.32%Kazakhmys (KAZ) 1,052.00p -1.31%Fresnillo (FRES) 1,882.00p -1.31%Admiral Group (ADM) 1,297.00p -1.29%Man Group (EMG) 237.20p -1.21%Aggreko (AGK) 1,816.00p -1.20%FTSE 250 - RisersHalfords Group (HFD) 301.00p +7.38%Home Retail Group (HOME) 118.10p +7.17%Cable & Wireless Communications (CWC) 40.49p +7.14%Exillon Energy (EXI) 313.00p +6.83%Rank Group (RNK) 135.90p +6.42%Kenmare Resources (KMR) 48.30p +6.27%AZ Electronic Materials SA (WI) (AZEM) 266.60p +5.96%Devro (DVO) 250.50p +5.79%Taylor Wimpey (TW.) 34.51p +5.73%TUI Travel (TT.) 158.50p +5.67%FTSE 250 - FallersDomino Printing Sciences (DNO) 500.00p -11.03%Thomas Cook Group (TCG) 43.85p -8.26%Grainger (GRI) 96.00p -7.07%Drax Group (DRX) 512.50p -3.94%Redrow (RDW) 110.00p -3.51%JD Sports Fashion (JD.) 830.00p -3.49%Renishaw (RSW) 1,224.00p -3.16%Euromoney Institutional Investor (ERM) 543.00p -2.95%Micro Focus International Plc (MCRO) 324.00p -2.88%SVG Capital (SVI) 226.70p -2.83%