|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Friday 28th of August 2009
August 25, 2009    

Punch Taverns adds 21.65 percent

Bookmark and Share

by Elaine Frei
Punch Taverns adds 21. 65 percent

European equities markets were higher Tuesday on good economic news from the United States.

The FTSE 100 was up 0.42 percent to 4,916.8 in London, whiel the FTSE 250 added 0.33 percent to 8,860.81.

Pubs operator Punch Taverns (LSE: PUB) led gains on the 250 and topped a mixed travel and leisure sector as it added 21.65 percent on the session.

The FTSE Eurofirst 300 was up 0.37 percent to 978.76 while the Dax added 0.68 percent to 5,557.09, the CAC-40 was 0.78 percent higher to 3,680.61 and the IBEX gained 1.1 percent to 11,427.8.

Most markets in the Asia-Pacific region saw declines on the session.

The Nikkei 225 was 0.79 percent lower to 10,497.36 while the Topix index fell 0.53 percent, but the Mothers market managed a gain of 1.1 percent to 458.1.

Australian markets were also lower as the Sydney Ordinaries fell 0.38 percent to 4,417.5 and the S&P/ASX200 was down 0.46 percent to 4,405.8.

Other decliners in the region included the Taiex, which was down 0.42 percent to 6,809.41 while the Hang Seng fell 0.49 percent to 20,435.24, the Kospi was 0.67 percent lower to 1,601.38 and the Shanghai Composite dropped 2.59 percent to 2,915.8.

The Straits Times Index added 0.25 percent to 2,618.76 and India’s Sensex gained 0.38 percent to 15,688.47.

In afternoon trade in New York, the Dow Jones Industrial Average was up 0.56 percent to 9,562.49 while the Nasdaq Composite had added 0.43 percent to 2.026.69 and the S&P 500 was 0.44 percent higher to 1,030.08.

Crude oil prices were lower while grains and metals prices were mixed on the session.

The US dollar was weaker on good economic news that left demand for the greenback lower as investors sought out more risky investments.

Discuss this in the Finance Markets forums

Story link: Punch Taverns adds 21.65 percent

Related financial stories to: Punch Taverns adds 21.65 percent:
Previous: « US national debt to hit $1.6tn
Next: WPP sees H1 profits fall 47% but optimistic for H2 »

Visited 507 times, 1 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment