LONDON -- The FTSE 100 (INDEX: ^FTSE ) has bounced back a bit from yesterday's fall, up 20 points to 5,788, while fears grow of an impending Spanish bailout after the country released disappointing economic figures this week and, along with Greece, is facing growing unrest over increasing austerity measures.
But even as the FTSE recovers, there are always individual shares falling. Here are three on the way down today.
Anglo Asian (LSE: AAZ.L )
A few smaller miners were hit today, with Anglo Asian Mining falling 8.5% to 43.7 pence after releasing interim results. The miner, which has gold, silver, and copper interests in Azerbaijan, recorded a 29% fall in first-half pre-tax profits to $10.5 million, down from $14.2 million at the same stage last year. That came from revenue down 22% to $30.1 million.
A fall in profits is forecast for the full year, but today's figures represented a bigger fall than expected. However, it's still early days yet, and the AIM-listed company is on a very low forward price-to-earnings ratio of just three.
EMED (LSE: EMED.L )
Another AIM-listed miner falling today was EMED Mining, whose shares dropped 6% to 9.7 pence. This drop followed the company's quarterly operational update, though there did not appear to be any bad news in it.
The important thing is that the company now controls all the lands it needs for its Rio Tinto copper mine project in Spain, and things are pretty much on track, with commissioning still on target to start by the end of 2013.
Compass (LSE: CPG.L )
Compass Group dropped a little, down 1.7% to 199 pence on the release of a trading update. After a strong fourth quarter, constant currency revenue is expected to be up by around 8%, with organic revenue growth of about 5.5% -- and that's all pretty much in line with current expectations.
So why the fall? Well, it's probably just noise; the shares are still up more than 30% over the past 12 months.
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