Date: Friday 09 Jul 2010
London has started brightly buoyed by another strong performance overnight on Wall Street and a rash of upbeat company announcements.Miners are leading the way following the big gains in the US. Antofagasta, ENRC and Rio Tinto are the best performers. On the downside, National Grid, GlaxoSmithKline and BAT Industries ate the worst performers.
Housebuilder Bovis is selling homes in line with its targeted weekly sale rate and will resume dividend payments at the end of the financial year as long as things continue as they are.
Steady and broad based progress is being made at engineering firm Bodycote leaving it on course to comfortably exceed the highest broker forecast for full year operating profit.
Insulation materials and specialist construction products maker SIG said underlying profit before tax for the first half of 2010 will be above market expectations. Sales in sterling of around £1,291m were down some 4.0% compared to £1,345m a year earlier, and were around 3.0% lower on a constant currency basis.
Growth in permanent placements, especially in Asia and Latin America, helped recruiter Michael Page lift second quarter profits by a third. Group gross profit rose to £111.5m to June up 33.1% on this time last year's £83.8m and sequentially up 14.0% on the first three months of 2010. 
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