London midday: Stocks under pressure amid global worries

30th Sep 2011 12:19

Stocks have drifted further into the red following a weak start to the day amid worries over global economic growth.Data showing consumer confidence has risen for the first time in four months has failed to lighten the mood. The index of sentiment remained firmly negative in September at -30, up a point from the previous month. Miners, such as Aquarius Platinum are among the fallers after the Chinese Purchasing Managers' Index was unchanged from the previous month at 49.9 in September. Luxury goods group Burberry, which depends on China for much of its growth, continues a weak spell.Rigid plastic packaging supplier RPC firms after saying it expects its adjusted pre-tax profits for the first half to be ahead of expectations after benefitting from synergies from the integration of its plastics and cardboard packaging business Superfos and growth in sales of products with big margins, such as coffee capsules.Britain's second biggest car accident repair chain Just Car Clinics crashes following its announcement that it is planning to cancel its listing on AIM after concluding that the benefits do not justify the costs and management time. The company said it also does not think that any of the perceived benefits of listing on AIM are likely to accrue in the near future.Shares in Alterian fell back after the marketing software provider said its detailed company review is not looking at ways to sell the business. The company, which welcomed a new chief executive, Heath Davies, earlier this month, said it will "examine Alterian's positioning in its target markets to ensure it has the appropriate level of resources required both to achieve a leadership position and to create shareholder value." FTSE 100 - RisersFresnillo (FRES) 1,551.00p +2.44%Imperial Tobacco Group (IMT) 2,209.00p +1.75%Severn Trent (SVT) 1,543.00p +1.11%BP (BP.) 393.60p +0.46%Hargreaves Lansdown (HL.) 457.50p +0.28%Morrison (Wm) Supermarkets (MRW) 288.30p +0.24%United Utilities Group (UU.) 621.00p +0.16%Shire Plc (SHP) 1,983.00p +0.10%Autonomy Corporation (AU.) 2,544.00p 0.00%Randgold Resources Ltd. (RRS) 6,125.00p -0.08%FTSE 100 - FallersIntertek Group (ITRK) 1,870.00p -8.78%Ashmore Group (ASHM) 328.60p -6.11%Burberry Group (BRBY) 1,135.00p -5.50%Standard Chartered (STAN) 1,292.00p -4.86%Man Group (EMG) 167.70p -4.72%Old Mutual (OML) 103.30p -4.70%Barclays (BARC) 161.65p -4.43%Lloyds Banking Group (LLOY) 35.00p -4.07%Investec (INVP) 348.50p -4.07%IMI (IMI) 705.50p -4.01%FTSE 250 - RisersRPC Group (RPC) 341.00p +4.28%Domino's Pizza UK & IRL (DOM) 445.00p +4.12%Bwin.party Digital Entertainment (BPTY) 122.50p +2.94%Thomas Cook Group (TCG) 39.70p +1.79%Dunelm Group (DNLM) 483.30p +1.75%Betfair Group (BET) 751.50p +1.69%QinetiQ Group (QQ.) 115.40p +1.50%Cranswick (CWK) 636.00p +1.35%Euromoney Institutional Investor (ERM) 605.00p +1.17%BH Macro Ltd. GBP Shares (BHMG) 2,003.00p +1.16%FTSE 250 - FallersAZ Electronic Materials SA (WI) (AZEM) 218.40p -6.67%Aquarius Platinum Ltd. (AQP) 179.20p -5.68%Afren (AFR) 86.40p -5.05%Cape (CIU) 449.50p -4.85%Bodycote (BOY) 252.60p -4.79%ITE Group (ITE) 159.90p -4.76%Ashtead Group (AHT) 133.40p -4.58%Barratt Developments (BDEV) 79.15p -4.58%Paragon Group Of Companies (PAG) 150.80p -3.95%Supergroup (SGP) 1,026.00p -3.93%