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The FTSE 100 slipped into negative territory at the start of the week with sentiment dented by the global growth outlook and fluctuating commodity prices.
“Self-storage group Lok'nStore’s shares made early gains with the perfect recipe of higher revenues and lower costs boosting first half pre-tax profits by over 155%,” says AJ Bell Investment Director Russ Mould.
“Lok'nStore’s store development programme continues to change the balance of its store portfolio with new and purpose built stores accounting for 59% of its portfolio and its pipeline of four new stores will reinforce this further.
“Online gaming operator GVC delighted investors with its fifth consecutive year of net gaming revenue, earnings and dividend growth. The group completed its acquisition of bwin.party earlier this year and expects the deal to take it to the next level.
“Miners took up residence at the foot of the blue chip index following further fluctuations in commodity prices. BHP Billion suffered the biggest fall with Anglo American, Glencore, Rio Tinto and Antofagasta in close attendance.”
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