US tech stocks rallied as investors geared up for
Intel's mid-quarter update after the close. The DOW ended little changed ahead
of February jobs report tomorrow.
Intel said after the US
markets closed that first-quarter sales would come in lower than originally
expected, which could lead to worries that business spending on technology may
not be picking up as quickly as Wall Street had hoped.
Marshalls maker of concrete block paving
reported a 2% rise to 50.4 million pounds in annual profit that broadly met
forecasts and said trading conditions remained good.
EasyJet reported a 17.4% rise in February
passenger traffic to 1.86 million boosted by its new routes at a 89% seat load
factor
Greggs high-street baker reported a 10.4%
rise in annual profit to 40.5 million pounds and said sales are up 3.1% in the
first nine weeks of the current year.
London Clubs casino operator said on it was
raising 49 million pounds in a rights issue at 70 pence per share enabling it
settle all outstanding debt (to remain solvent) and expand ahead of government
plans to deregulate Britain's gambling industry.
Mowlem reported annual profits of 45.2
million pounds up 37%, its eighth successive year of growth beating analysts
forecast of 39 million pounds.
They said the sale of two investments in UK government projects had contributed
to the exceptional gains.
Axis-Shield diagnostics firm reported
annual results up 7.2% to 50.3 million pounds in line with market forecasts and
said it expected to substantially reduce losses in 2004. They also announced an
agreement with the Chinese health ministry to trial its diabetes detection kit
in a country with an estimated 40 million diabetes patients
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