среда, 2 мая 2012 г.

Upbeat Imperial Tobacco helps equities higher


Shares in the maker of Lambert & Butler rose 92p to £25.56 after the company reported a 3.3pc growth in revenues to £3.4bn during the six months ending March 31 and launched a £500m share buyback. "Tone from management is upbeat, with sales momentum building into the second half on the back of increased innovation," broker Jefferies said in a note. "[We] would not expect much change to consensus numbers on the back of these results, but positive tone from management into the second half will give the market some comfort on the topline delivery."

Imperial Tobacco was just one of several strong performers across the FTSE 100, which closed up 74.45 points at 5812.23, while the wider FTSE 250 rose 86.27 to 11,503.86. Joshua Raymond, chief market strategist at City Index, said: "The FTSE 100 had been mostly treading water on gains of 0.4pc for much of the session until the release of US manufacturing data that really breathed some life into what had been a fairly uneventful session.

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