Best of the Best sees shares slide after latest update
A look at the major movers on the London market on Thursday Luxury cars among prizes from competition company
11.54am: Competition company loses out
Looks like a spate of profit taking in Best of the Best PLC, (LON:BOTB).
The company, which runs weekly competitions to win cars and other prizes, is down 10.77% or 335p to 2775p after it said full year revenues and pretax profits were expected to be in line with market expectations.
Even with this fall, the shares are up 88% since the start of the year.
11.06am: IT protection group heads higher
Best of the Best sees shares slide after latest update
A look at the major movers on the London market on Thursday Luxury cars among prizes from competition company
11.54am: Competition company loses out
Looks like a spate of profit taking in Best of the Best PLC, (LON:BOTB).
The company, which runs weekly competitions to win cars and other prizes, is down 10.77% or 335p to 2775p after it said full year revenues and pretax profits were expected to be in line with market expectations.
Even with this fall, the shares are up 88% since the start of the year.
11.06am: IT protection group heads higher
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
Companies
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK s blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American plc stock lost nearly 4.5% to £3,250.50.
FTSE 100 recovers ground, Wall Street sees strong gains after jobless claims
Companies
FTSE 100 recovers ground, Wall Street sees strong gains after jobless claims
The UK s blue chip index cuts losses while US markets shrug off inflation fears and move higher
FTSE 100 down 46 points
Dow up 1.3%
3.22pm: What inflation worries?
The panic over inflation seems to have eased, for the moment at least.
The FTSE 100 continues to recover and is now down just 46.52 points or 0.66% at 6958.11.
The UK market has taken its cue from Wall Street, where the Dow Jones Industrial Average has surged 1.36% to 34,044 while the S&P 500 is up a similar amount and the Nasdaq Composite has added 1.48%.