FTSE indices were mixed to noon when Bank of England held its benchmark interest rate at 0.5% and stayed quantitative easing at £365bn, both as expected by the market. Some miners, supermarkets, leisure and pharma stocks helped the blue-chip index higher. Europe was mixed.
To noon, FTSE 100 was up 17.41 points, or 0.27%, to 6353.76. FTSE 250 was down 70.26, or 0.41%, to 16,961.0, a tickle below the psychological level of 17,000. At 11.38am, gold and copper were at $1144/oz and $232/lb. Crude was up less than 0.5%.
Fresnillo (FRES), up 2.88% to 695.5p, and BHP Billiton (BLT), up 2.17% to 1132p, led miners and top-100 stocks. Supermarkets traced Tesco (TSCO), up 1.78% to 200.5p, with Morrisons (MRW) adding 0.94% to 176.75p. In the leisure sector, TUI (TUI) led with a rise of 1.19% to 1228.5p.
Pharmas made gains after Shire (SHP), up 1.69% to 4402p, while property tiptoed higher in the wake of Land Securities (LAND), up 1.31% to 1278.5p. Among financials Admiral (ADM) and Standard Chartered (STAN) led insurers and banks respectively. About 40 blue chips were lower.
Of the fallers, Glencore (GLEN) fell 2.58% to 120.8p, while Inmarsat (ISAT) faltered 3.46% to 942.25p. Also southbound were a string of retail, mining, utility and financials. Meantime, the market is also looking to ECB monetary policy meeting accounts, and FOMC meeting minutes.
South African Property Opportunities (SAPO) dived 28.23% to 12.38p on its ex-dividend date. The company is preparing to hand 5p a share dividend to investors, or a 40.6% yield.
Atlantic Coal (ATC) rose 14.3% to 0.16p after reporting a 26% rise in turnover so far this calendar year. It said coal prices would go up from Oct. 12 by $10 a ton and that it was increasing efficiencies in production and transport.
BoE's Monetary Policy Committee voted 8-1 in favour of holding the benchmark interest rate at 0.5%. The committee voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375bn.
UK house-price growth slowed in September, data from Royal Institution of Chartered Surveyors showed. Its monthly house-price balance fell to +44, from +53 in August. Forecasts were for +56.
Germany's trade surplus for August came in at 15.3bn euros, against an expected 20.2bn euros. The previous surplus was 25.0bn euros.
City of London Investment Group (CLIG) fell 7.85% to 328.5p as it revealed volatility in emerging markets caused its assets under management (AuM) to tumble 14.3% in the last three months. AuM now stands at $3.6bn.
Hays (HAS) lost 6.68% to 137.65p as emerging markets currency losses trimmed 5% off like-for-like net fee income growth, resulting in a paltry 3% gain, Q1 results showed.
Tullow Oil (TLW), down 2.27% to 247.7p, has reached agreement with the Government of Gabon over its licences in the Onal Complex Fields. It has regained its 7.5% stake, been granted licence extensions to 2034 and gained access to two small oil discoveries in the Ezanga block.
Ladbrokes (LAD) gained 1.64% to 105.2p after appointing Kristof Fahy as chief marketing officer to lead its brand and marketing activity across digital and retail. Fahy joins from Telegraph Media Group and previously worked at William Hill (WMH).
Tate & Lyle (TATE), down 2.24% to 566.5p, said its H1 trading performance was in line with its expectations and that guidance for the FY remains unchanged.
Dart (DTG), up 0.7% to 468.25p, expects H1 operating profit to be at least 60% up on the year ago. But it warned of increased losses in H2 due to the expansion of its seasonal leisure travel operations.
Dunelm (DNLM) rose 1.73% to 910.5p on a better-than-expected Q1 trading statement, which included news of the acquisition of British pillows and duvets brand Fogarty.
Other stocks in the news included Compagnie de Saint-Gobain (COD), Tandem (TND), DFS Furniture (DFS), Victrex (VCT), Flybe (FLYB), Produce Investments (PIL), Galliford Try (GFRD), Target Healthcare REIT (THRL), Asiamet Resources (ARS), Telit (TCM), Empiric Student Property (ESP), Cambridge Cognition (COG), 1Spatial (SPA), Frontera Resources (FRR), fastjet (FJET), Idox (IDOX) and International Mining & Infrastructure (IMIC).