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Pound flies as sales soar but FTSE loses puff
by Gavin Lumsden on May 21, 2014 at 13:46
Telecom Plus (TEP) led the mid cap index higher with a 11.7% or 160p gain to £15.30 after the multi-utility expressed confidence in growing profits by 50% this year, having overseen a 25% rise in profits for 2013/14.
Britvic (BVIC) gained 48p of 7% to 742.5p after the soft drinks maker said its Fruit Shoot drink was available in the US. The company generates 70% of revenues from the UK and has made international growth a priority. It declared a 13% increase in its interim dividend to 6.1p per share.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.
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- WM Morrison Supermarkets PLC (MRW.L)
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On the road
on Aug 01, 2014 at 12:55