This Morning's Top FTSE Movers

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

LONDON -- The FTSE 100 (INDEX: ^FTSE  ) fell back a bit this morning and is currently down 22.5 points on 5,600. But that comes after two strong days that have pushed the index of elite shares up quite nicely for the week so far.

It all seems due to a few sparks of optimism finally coming from the eurozone, coupled with some positive results from our high streets and from other sectors, with some firms -- like Home Retail -- looking like they might have passed the bottom.

And it's pretty much the same across the main indexes of Europe, which are a tad down today but up nicely on the week.

Big fallers
Shares in Invensys dropped 16% in morning trading, down 42 pence to 215 pence, after spiking 32% in last-minute trading yesterday. The reason? Bid speculation. The firm made a statement early this morning that it was aware of yesterday's leap, and that it had indeed been engaged in takeover talks, but that those talks have been canned.

AIM-listed Noventa saw its shares plummet by 24% to 3.1 pence this morning, valuing the company at just 5 million pounds, after it announced that its latest refinancing plans are in tatters. The troubled tantalum miner has until July 31 to find replacement funding for its expiring loan facility.

Less dramatic fallers included Go-Ahead Group  (LSE: GOG.L  ) , down 2% to 1,196 pence after the travel operator released a preclose update that actually looked reasonable. Dixons Retail  (LSE: DXNS.L  ) also lost a bit of ground, falling 1% to 15.9 pence on the day of its annual results release. But that's after a strong anticipatory rise, which sees the shares up nicely on the week.

Some impressive results
Software house Micro Focus  (LSE: MCRO.L  ) had a good morning, with its shares rising 4.8% to 474 pence on annual results day. The good news added to a fine year for the firm, which has seen an overall 30% growth in the share price.

Good annual results also boosted Ashtead Group  (LSE: AHT.L  ) , which put on 5.4% to reach 264 pence after showing solid profit growth.

Mixed resources action
Sirius Petroleum
 gained 7% to 3.4 pence on a development update, and Shanta Gold is up 8% to 21.8 pence after a new plant was successfully commissioned.

But New World Oil & Gas dropped 6% to 11 pence, despite an update on its Blue Creek Project, which it described as positive. Aquarius Platinum fell 9% to 54 pence after announcing the mothballing of its Everest mine.

As always, this morning's news saw some winners and losers -- and perhaps some buying opportunities. For more share ideas, the Motley Fool's "Top Sectors for 2012" report outlines some attractive companies within three favorable industries. The report is free to all private investors -- and you can download your copy now.

The Motley Fool is helping Britain invest. Better. And with the economy so uncertain, we're urging everyone to read "Ten Steps To Making A Million In The Market" -- it may transform your wealth. Click here now to request your free, no-obligation copy.

Further investment opportunities:

Alan Oscroft does not own any share mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1919935, ~/Articles/ArticleHandler.aspx, 10/25/2016 10:28:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,235.01 11.98 0.07%
S&P 500 2,150.49 -0.84 -0.04%
NASD 5,303.75 -6.08 -0.11%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 10:13 AM
^FTSE $7056.93 Up +70.53 +1.01%
FTSE 100 CAPS Rating: No stars