This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-41345629
The article has changed 4 times. There is an RSS feed of changes available.
Version 2 | Version 3 |
---|---|
Johnson Matthey jumps 15% after revealing battery plan | Johnson Matthey jumps 15% after revealing battery plan |
(1 day later) | |
A big rise in the value of shares in the specialist metals and chemicals firm Johnson Matthey was the highlight of the London stock market on Thursday. | A big rise in the value of shares in the specialist metals and chemicals firm Johnson Matthey was the highlight of the London stock market on Thursday. |
Johnson Matthey shares closed 15% higher after it announced plans to invest £200m in developing battery materials for electric cars. | |
It said the market could be worth more than $30bn in sales when battery driven cars account for 10% of all vehicles. | |
The FTSE 100 index closed eight points lower at 7,264. | The FTSE 100 index closed eight points lower at 7,264. |
In the FTSE 250 market shares in the outsourcing group Capita fell 12% to £5.70 after it reported lower profits and gave a weaker than expected forecast. | In the FTSE 250 market shares in the outsourcing group Capita fell 12% to £5.70 after it reported lower profits and gave a weaker than expected forecast. |
The company said half-year pre-tax profits had fallen by 26% to £28m, after it sold its specialist recruitment arm and shut down its events operation. | The company said half-year pre-tax profits had fallen by 26% to £28m, after it sold its specialist recruitment arm and shut down its events operation. |
However, it said that "underlying" profits were expected to "rise modestly" in the second half of the year. | However, it said that "underlying" profits were expected to "rise modestly" in the second half of the year. |
Shares in Irish building materials firm CRH rose 2.4% after it agreed to buy the US cement maker Ash Grove Cement for $3.5bn (£2.6bn), in order to expand in North America. | Shares in Irish building materials firm CRH rose 2.4% after it agreed to buy the US cement maker Ash Grove Cement for $3.5bn (£2.6bn), in order to expand in North America. |
On the currency markets, the pound rose 0.5% against the dollar to $1.357 and was barely changed at 1.136 euros. | On the currency markets, the pound rose 0.5% against the dollar to $1.357 and was barely changed at 1.136 euros. |