Sector movers: All points North drags real estate south

21st Sep 2010 14:57

Full year results from All Points North had the real estate sector heading south.The property development company saw loss before tax more than double to £0.46m from £0.22m the year before. Revenue in the year to 31 March eased to £0.70m from £0.87m a year earlier."Our net assets position was reduced to £1,133,573 (2009 £1,265,834), i.e. 15.3p per share (2009 17.1p) at the year end and this is the key performance indicator used by the company to measure its performance," said chairman Keith Chadwick.The oil services sector gushed ahead led by Wellstream after it confirmed that it has received a number of preliminary takeover approaches.The announcement comes after rises in the company's share price over the past month on speculation of a takeover."There can be no certainty that an acceptable offer will ultimately be made. A further announcement will be made in due course," it said in a very brief statement.Wellstream's fellow FTSE 250 listed peer Wood Group rose in sympathy.Top performing sectors so far todayOil Equipment, Services & Distribution 21,247.29 +3.00%Personal Goods 16,935.55 +0.87%General Industrials 2,795.10 +0.75%Oil & Gas Producers 7,370.45 +0.73%Construction & Materials 3,474.53 +0.61%Bottom performing sectors so far todayForestry & Paper 5,382.45 -2.21%Gas, Water & Multiutilities 4,477.37 -1.02%Real Estate Investment & Services 1,469.41 -0.90%Chemicals 6,028.60 -0.62%Electricity 6,989.32 -0.62%