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The FTSE100 was down in early trading following Thursday's terror attack in Barcelona, which led to sharp falls in Wall Street overnight and in Asia this morning,” says AJ Bell Investment Director Russ Mould.
“Insulation specialist Kingspan's shares were up in early trading after a strong first half with acquisitions contributing around half of the 19% growth in revenues. Market activity looks to be broadly positive for the remainder of the year and at current exchange rates the group is on course to deliver a full-year result at least in line with forecasts. Kingspan's shares were up by more than 3.8%.
“The Renewables Infrastructure Group’s first half pre-tax profits were up 63% at £31.1m despite a backdrop of lower wholesale power price forecasts. TRIG’s success is underpinned by prudent management, a diversified portfolio and benefits of scale and it achieved target generation despite challenging weather conditions in some areas.
“Forbidden Technologies was an early riser after it agreed an expanded deal with an iconic sports, music and entertainment venue in New York. The unnamed venue has successfully used Forbidden’s cloud video platform, Forscene to improve its time to market for digital clips. The venue is now expanding the number of live feeds to this clipping service. Forbidden’s shares were up by over 2%.
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