Monday, March 28, 2011

Market news

The FTSE 100 is called to open flat this morning as geo-political concerns weigh on sentiment with the ongoing issues in Japan, Libya and the Middle East. With no domestic economic data due for release today attention will focus on figures from across the Atlantic later in the session.
Today's Company announcements
Daily Mail & General Trust Trading Update reports that revenue in the 5 months to end February was ahead 2% on last year and up 5% on an underlying basis with overall trading in the period 'satisfactory'. It added that there was continued uncertainty over the medium-term outlook, particularly for B2C businesses given the external economic environment and fragile consumer confidence in the UK.

Tullow Well Update. Announced that the Teak-2 exploration well in the West Cape offshore Ghana has discovered 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs.