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“Blue-chips opened nervously following last night’s terrorist attack on a Berlin Christmas market and the assassination of Russia’s ambassador to Turkey by a police officer,” says AJ Bell Investment Director Russ Mould.
“Lloyds was an early riser after its £1.9bn swoop for credit card provider MBNA which was put up for sale by Bank of America. The deal will give Lloyds around a 26% share of the credit card market compared with its 15% slice at the moment. MBNA has been embroiled in the payment protection insurance scandal but the price Lloyds is paying includes around £0.8bn of acquired equity and assumes £240m for future PPI claims with its liability capped at this amount. Lloyds was up by more than 1.3% in early trading.
“Regional airline Flybe is strengthening UK connectivity when it heads to Heathrow for the first time next year offering a choice of more than 40 scheduled flights a week from Aberdeen and Edinburgh. The new routes complement Flybe's well-established London City flights from the two Scottish airports.
“1Spatial’s shares plunged after it warned that it expects a marginal adjusted loss for the year to the end of January. 1Spatial's sales pipeline and order book remain robust but some key contracts are now expected to fall into the next financial year. 1Spatial has taken a proactive approach to the short term challenges it faces and as part of its ongoing strategic review has agreed the sale of its Avisen business and the closure of Storage Fusion. Avisen generated revenue of £1.4m and an operating profit of £0.3m in the last financial year while Storage Fusion made an operating loss of £0.3m. 1Spatial’s shares were down by over 31.8%.”
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