FTSE 100: Serco slides onto the line provider like Smiths soars

Smiths Group already provides some United States scanning cargo explosive devices designed to detect. No decision No has yet been taken as to whether UK purchase of new hardware scanning, but Theresa may, the Home Secretary is committed to explore Britain's air cargo security.

Monday, Smiths Group said the industry as a whole had been pressing explosives screening can be extended to the air cargo during a certain time and that strict, standardized for explosives detection air cargo regulations should be applied internationally.

Defence of peers, BAE Systems, Cobham and mid-cap QinetiQ donning 353.1 8.4 p, p 3.2 234.8 and slight 3.8 respectively.

BAE had too many news of its own - it has been selected among a number of potential contractors to develop intelligence and security for the FBI, giving access to a portion of a contract BAE Systems useful both to $30bn (£ 18 7bn).

Their earnings came a day when the closure of the FTSE 100 points 5694.62 19.46.Investors have been keeping their powder dry ahead of a number of key events to determine the outcome of the meeting of the Federal Reserve for tomorrow.

Distributed on the rise of China manufacturing data has helped raise the minors with Xstrata reaching 45 p £ 12.54? and Kazakhmys up 23% to £ 13.39.

But at the other end of the scale, outsourcing giant that Serco tumbling 587 p 27 after apologising asking suppliers to a 5pc 2 cash rebate on labour this year or losing future risk contracts.

Numis analysts has moved their rating on Serco to "reduce" from "hold", saying that the revelations suggest "some reputation damage".the broker said that if Serco is able to obtain economies through the supply chain, then there is to be on the current question marks to 6pc margin and its 6 3pc target for 2012.

Join Serco among the laggards, was the following, which throw 46 percent to £ 22,39, as the issue of the increase in cotton prices weighed on investor.

Analysts from Liberum Capital downgraded the high street retailer "neutral", as they considered clothing "benign slander" inflation.

"In an environment of low growth, a low level of inflation is a good thing for a retailer, if they can passer.Cependant with cotton to China in 35pc since July and also growing artificial fibres price, esti?ate mixed year on year price increases have spent 8 1pc 9 7pc,"said broker.""

Analysts think retail guided increase 5MC with 8pc following prices has now appears to be low and believe that gross margins for the following detail fall a "modest" 30 basis points in the second half and 50 basis points next year.

Conserved RBS analysts "hold them" rating on following before third quarter trading update on Wednesday, but increased their target price at £ 20.90 £ 19.50.

'We expect to report a deceleration in sales momentum to directory and the retail divisions' said the dealer.

Fashion retailer ASOS tomb AIM listed online 92 p in the £ 13.25 after KBC Peel Hunt cut its rating to "sell" to "hold" for reasons of evaluation .the analysts have argued that, although it remains a high growth company as actions already full price of £ 2015 billion sales target direction ASOS, there are risks for the inconvenience.

Return among blue-chips, commercial capital centres dispose 4? 379.9 p .the ' fall came as Panmure Gordon downgraded real estate "neutral" from "overweight".

Analysts have retained their "sell" rating on the capital shopping centres, saying that their "fundamental concern with the company remains its ability to achieve growth like-for-like rental, from the perspective of a business environment more difficult for many retailers.

Weir was subjected to profit-making aim, fell 21 percent to £ 15.37.

In the FTSE 250, happened points 31.78 10875.28, recruiters were leaping up to the classification through Credit Suisse.Dans thrust a note on the professional staffing, increased analyst Michael Page "outperform" from "neutral" area, saying that the potential for significant growth is not reflected in the price of the broker actions.Le also raised Hays "upgrade" to "neutral", arguing that the international expansion will be more than offset a British market more difficile.Michael page checked 18.6 percent 489.8 while Hays has increased by 3.3 percent 113.8.

But at the other end of the spectrum, Melrose resources dragged 54.8 at 270 p after a Canadian oil and gas company Sterling Resources, ended his farm in agreement with the British Explorer Romania.

Cosalt, oil services group climbed 0.62 to 4?p Monday after confirming that he had contacted is a potential bid for its maritime activities.

However, the company stated that discussions were not "sufficiently advanced that no proof that a transaction might be reached.

The Daily Telegraph reported Saturday that Cosalt was in talks to sell his company Survitec maritime safety equipment of back-to-back privĂ©.Le capital group survival belonged to Warburg Pincus technology thought lead continuing to acquire Cosalt Navy m £ 25 to 35 million pounds, but it could still facing competition from rival bidders.

Cosalt Marine, hardware client services including canoes rescue and survival suits, made operating profit before one-time items of £ 1.3 m within six months of may, on the revenue of £ 30.7 m.La society stated at the time that the company had put in a "performance resilient given the market environment.

The Group made a loss before tax of £ 1.5 the period of six months on the revenue of £ 48 m.3 m.


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