G4S announced it is unable to deliver all of the necessary workforce numbers for the London Olympic Games security contract, adding: "The Government has therefore decided to increase the number of military personnel who will work at the Games. (...) G4S accepts its responsibility for the additional cost of the increased military deployment resulting from the shortfall in workforce delivery. (...) it is estimated that the Co will incur a loss on the contract in the range of £35M-50M, all of which will fall in the current financial year."
Sage Group issued an Interim Management Statement: "Despite a toughening economic environment, trading remains broadly in-line with expectations at the time of the interim results announcement on 9 May 2012. (...) Whilst we remain cautious on the outlook for Europe, and watchful of this region's economic climate, the strong fundamentals of our business model remain and we continue to make good progress in executing against our business priorities."
Smiths Group announced the disposal of its minority stake in Florida-based biometric identification company Cross Match Technologies Inc to private equity firm Francisco Partners for up to $77M.
Cobham said it has secured an up to £14M long-term agreement from Astrium to produce fixed waveguides of various sizes and frequencies for telecommunication satellites during the next 18 months.
Glencore International has gained approval from Canada's industry minister for its C$6.1B takeover of Viterra and is waiting for approval by China's Ministry of Commerce.
GlaxoSmithKline is said to be concluding a deal to buy Human Genome Sciences reported Reuters.
WPP said its Kantar unit has completed the acquisition of an 87.76% stake in Press Index and would launch a public tender offer for the remaining outstanding shares.
Basic Resources media and insurance shares gained most in London on Friday.
Banks: Barclays (-0.83% to 162.15p) reached a new 3-month relative low against the FTSE 100.
Food & Beverage: SABMiller (+1.21% to 2672p) closed at a 3-month relative high against the FTSE 100.
Health Care: Smith & Nephew (+1.71% to 652.5p) reached a new 3-month relative high against the FTSE 100.
Industrial Goods & Services: BAE Systems (+2.13% to 306.4p) reached a new 3-month relative high against the FTSE 100.
Insurance: Amlin Plc (+1.11% to 365p) closed at a 3-month relative high against the FTSE 100.
Media: United Business Media (+3.31% to 608.5p) closed at a 3-month relative high against the FTSE 100.
Real Estate: Hammerson (+1.13% to 456.7p) reached a new 3-month relative high against the FTSE 100.
Retail: Debenhams (+2.89% to 89.15p) closed at a 3-month relative high against the FTSE 100.
Travel & Leisure: Greene King (+1.77% to 575.5p) and Easyjet (+1.01% to 548.5p) closed at a 3-month relative high against the FTSE 100.
Stock/Benchmark ratio(s) 50D MA cross over: Afren (+4.24% to 115.6p), Cobham (+1.9% to 235.4p), Home Retail (+1.24% to 81.8p), Informa (+2.32% to 388.1p), Kazakhmys Plc (+6.06% to 744p), London Stock Exchange (+2.09% to 1026p), Petropavlovsk (+8.61% to 461.6p), Wood Group (John) Plc (+3.46% to 748p)
Stock/Benchmark ratio(s) 50D MA cross under: Experian (-2% to 932p), G4S Plc (-1.52% to 278.7p), Wolseley (-0.3% to 2333p).
Stock(s) 50D MA cross over: Afren (+4.24% to 115.6p), Antofagasta (+2.98% to 1071p), BG Group (+1.29% to 1300.5p), BHP Billiton (+3.11% to 1805.5p), Drax Group (+1.8% to 566.5p), Electrocomponents (+6.36% to 212.4p), Fresnillo (+2.78% to 1444p), Glaxosmithkline (+0.73% to 1446p), Kazakhmys Plc (+6.06% to 744p), Melrose (+4.41% to 395.7p), Petropavlovsk (+8.61% to 461.6p), Rio Tinto (+3.21% to 3020p), Weir Group Plc (+2.88% to 1534p).
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From this report and article it shows that the various stock prices are increasing on daily basis.
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