Market update (AM): BG Group boosted by Q2 results

Gas company BG Group (BG.L) was the biggest climber in morning trading (at 1009), with share price rising on the back of its second quarter results.

Financial market analysis and opinion for the UK investment industry

Financial market analysis and opinion for the UK investment industry


Gas company BG Group (BG.L) was the biggest climber in morning trading (at 1009), with share price rising on the back of its second quarter results.

The company saw its share price rise by 2.9 per cent to 1,466p, after reporting a rise in earnings of 27 per cent year-on-year to more than $1.1 billion in the second quarter.

BG Group also announced that its interim dividend would increase by 10 per cent to 10.8 cents.

United Utilities (UU.L) and consumer products company Reckitt Benckiser (RB.L) both rose by 1.4 per cent to 606.5p and 3,574p, respectively.

Mining group Anglo American (AAL.L) reported a 1.1 per cent rise  to 3,060p, while Capita Group (CPI.L) rose 1 per cent to 710.5p.

The biggest fallers were fashion company Burberry (BRBY.L) and oil giant BP (BP.L), dropping 2.6 per cent to 1,558p and 463.05p, respectively.

BP dropped this morning as second quarter results failed to match analyst expectations.

Microchip manufacturer Arm Holdings (ARM.L) and engineering group GKN (GKN.L) both dropped 2 per cent to 603.5p and 233.4p, respectively, while BSkyB (BSY.L) lost 1.8 per cent from its share price, down to 725.5p.

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