London open: Top stocks surge ahead

ShareCast – London’s top stocks are surging ahead in early deals, buoyed by some good results news.

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ARM profits up, reiterates full-year guidance

ShareCast – Microchip designer ARM reported slightly better first half pre-tax profits and reiterated its full-year guidance.

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RSA settles GM litigation

ShareCast – RSA Insurance Group, formerly Royal & Sun Alliance, said it has settled a litigation with General Motors.

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Telecity posts maiden profits

ShareCast – Data centers operator Telecity Group posted maiden profits during its interims and said it continues to perform ahead of its own forecasts.

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Mondi operating profit up 8%

ShareCast – Packaging firm Mondi saw half year operating profits increase by 8%, driven by a strong performance from its Europe & International division.

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Market overview: Footsie surges

ShareCast – 0830: London’s top stocks are surging ahead in early deals, buoyed by some good results news. Admiral is topping the risers after the car insurance group posted record profits for the half year, helping it to increase dividends by 26%. FTSE 100 up 79 points to 5399.

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Close Bros sees satisfactory 2008

ShareCast – Investment bank Close Brothers said its performance continues to be relatively resilient and expects a broadly satisfactory outcome for the 2008 financial year.

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QinetiQ trading in line

ShareCast – Defence and security technology firm QinetiQ Group said the year has begun well with the trading outlook remaining in line with the expectations described during its year-end results in May.

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Rexam pre-tax profit up 61%

ShareCast – Can maker Rexam reported a 61% jump in first half pre-tax profit and said it expects trading in the second half to be in line with expectations.

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Aviva profit up 12%

ShareCast – Insurer Aviva posted a 12% rise in half year profit and said it remains confident about the group’s future prospects.

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