London midday: Stocks under pressure as euro saga drags on

20th Jun 2011 12:03

Stocks remain under pressure as the Greek debt situation continues to cast a shadow. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures.Among the fallers are Aggreko even after the temporary power and temperature control provider saw an acceleration in the rate of underlying growth in the second quarter. The group now expects that revenue in constant currency and excluding pass-through fuel in the first half of 2011 will be about 9% higher than in the corresponding period of 2010.Engineering business Charter International has crashed after it warned that results for 2011 are expected to be below forecasts given in its last update in April as a mixed trading picture emerges. "Divergent trends have emerged in trading and economic conditions over the past months, resulting in variable performances in different market sectors," said Charter. Also in the FTSE-250, clothes retailer Supergroup has issued a trading update following a 35% drop in its share price since the beginning of the year. The company which is behind the popular Superdry brand has announced it is to open a 59,000 square foot flagship store on London's Regent Street.Power systems colossus Rolls-Royce has bagged the contract to provide engines for an enhanced version of the Airbus A350-1000 aircraft.Meanwhile, Bodycote, the metals and alloys treatment company falls despite signing a 10 year renewal agreement with Rolls-Royce. Bodycote has been working with the aerospace giant since the 1980s providing heat treatments, thermal spray coatings and electron beam welding to improve the efficiency and prolong the life of components. Packaging giant Rexam has agreed to sell its closures business for $360m (£222m) as it seeks to pay back its debts. It is selling the business, which is focused on the US market and employs about 1,500 people, to Evansville, Indiana-based packaging group Berry Plastics. Trendy sportswear retailer JD Sports Fashion has gained a foothold in Spain with the acquisition of the businesses of Sprinter, a sports chain operating in the south of the country.UBM has acquired a 70% stake in the Catersource catering conference and exhibition and its sister show Event Solutions. The business events organiser and publisher is paying $5m for the stake, and will add the Catersource business to its UBM Live division.FTSE 100 - RisersInmarsat (ISAT) 586.00p +3.81%Vodafone Group (VOD) 161.65p +1.25%Eurasian Natural Resources Corp. (ENRC) 723.50p +1.05%Land Securities Group (LAND) 843.50p +0.72%SABMiller (SAB) 2,163.00p +0.51%Burberry Group (BRBY) 1,323.00p +0.46%Diageo (DGE) 1,257.00p +0.32%United Utilities Group (UU.) 596.00p +0.25%BT Group (BT.A) 195.10p +0.05%Tesco (TSCO) 401.85p +0.01%FTSE 100 - FallersMan Group (EMG) 221.40p -3.66%Royal Bank of Scotland Group (RBS) 39.06p -3.05%Tate & Lyle (TATE) 636.50p -2.97%Lloyds Banking Group (LLOY) 46.96p -2.96%Fresnillo (FRES) 1,290.00p -2.93%Schroders (Non-Voting) (SDRC) 1,247.00p -2.81%Aggreko (AGK) 1,860.00p -2.67%Kazakhmys (KAZ) 1,228.00p -2.62%Barclays (BARC) 251.05p -2.39%Rexam (REX) 368.60p -2.38%FTSE 250 - RisersTelecom Plus (TEP) 698.00p +6.08%Daejan Holdings (DJAN) 2,685.00p +3.27%Cable & Wireless Worldwide (CW.) 48.42p +2.22%Domino Printing Sciences (DNO) 663.00p +2.16%Go-Ahead Group (GOG) 1,492.00p +1.50%Laird (LRD) 199.70p +1.22%Big Yellow Group (BYG) 314.30p +1.22%Perform Group (PER) 215.30p +1.08%Dunelm Group (DNLM) 403.00p +1.05%RPC Group (RPC) 339.90p +0.98%FTSE 250 - FallersCharter International (CHTR) 585.50p -18.45%Supergroup (SGP) 835.00p -7.22%Cookson Group (CKSN) 616.50p -5.88%Hochschild Mining (HOC) 425.10p -5.68%Bodycote (BOY) 334.20p -5.08%Stobart Group Ltd. (STOB) 142.30p -4.82%Enterprise Inns (ETI) 64.55p -4.72%Heritage Oil (HOIL) 215.00p -4.66%Dixons Retail (DXNS) 15.49p -4.38%Talvivaara Mining Company (TALV) 399.70p -4.24%