London midday: Euro hopes boost stocks again

16th Sep 2011 12:06

Stocks are buoyant again as today's meeting of European finance ministers in Poland generates more optimism over the Eurozone crisis. The meeting will also include US treasury secretary Timothy Geithner, who recently suggested that the continent should "leverage up" the European Financial Stability Fund. European Central Bank President Jean-Claude Trichet is making a speech after markets close today.In company news, 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, edged higher 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.Exillon Energy, which has been posting big gains lately, added more gains 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 have plummeted more than 60% 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 is 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, are lower 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. New website launches have cheered investors in both surfwear group Hot Tuna and telecommunications software group Globo.FTSE 100 - RisersBarclays (BARC) 166.10p +5.13%Inmarsat (ISAT) 523.00p +5.02%Royal Bank of Scotland Group (RBS) 24.87p +4.85%ITV (ITV) 59.30p +3.76%Lloyds Banking Group (LLOY) 37.17p +3.51%Kingfisher (KGF) 259.10p +3.19%Legal & General Group (LGEN) 99.80p +2.94%Intertek Group (ITRK) 2,058.00p +2.90%Essar Energy (ESSR) 269.60p +2.67%Hammerson (HMSO) 399.90p +2.49%FTSE 100 - FallersFresnillo (FRES) 1,871.00p -1.89%Schroders (SDR) 1,319.00p -1.27%IMI (IMI) 824.50p -1.20%Man Group (EMG) 237.50p -1.08%Admiral Group (ADM) 1,300.00p -1.07%ARM Holdings (ARM) 603.50p -1.07%British Sky Broadcasting Group (BSY) 692.50p -1.00%Experian (EXPN) 714.00p -0.97%Wolseley (WOS) 1,535.00p -0.97%Schroders (Non-Voting) (SDRC) 1,074.00p -0.83%FTSE 250 - RisersPremier Foods (PFD) 13.35p +7.40%Home Retail Group (HOME) 116.40p +5.63%Lancashire Holdings (LRE) 726.50p +4.46%Taylor Wimpey (TW.) 33.99p +4.14%Inchcape (INCH) 313.00p +4.13%Rathbone Brothers (RAT) 1,088.00p +3.82%Cable & Wireless Communications (CWC) 39.23p +3.81%Exillon Energy (EXI) 303.90p +3.72%Moneysupermarket.com Group (MONY) 117.90p +3.42%Keller Group (KLR) 361.80p +3.37%FTSE 250 - FallersDomino Printing Sciences (DNO) 498.00p -11.39%Laird (LRD) 143.10p -4.98%Renishaw (RSW) 1,219.00p -3.56%Ashtead Group (AHT) 141.70p -2.95%Spirit Pub Company (SPRT) 41.79p -2.81%ITE Group (ITE) 179.80p -2.55%Micro Focus International Plc (MCRO) 325.30p -2.49%COLT Group SA (COLT) 105.70p -2.49%Thomas Cook Group (TCG) 46.94p -1.80%New World Resources A Shares (NWR) 555.50p -1.68%