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UK Market News

Monday July 6, 07:42 AM
London pre-open: Stocks seen slipping

LONDON (ShareCast) - The futures market indicates London could lose around 25 points in early deals as traders await the return of Wall Street, back after Friday's Independence Day holiday.

The Dow Jones, which fell over 200 points on Thursday
following terrible jobs data, is currently seen extending losses when it re-opens later today.

Over here, budget airline easyJet carried 0.8% more passengers in June than the same time last year, although the load factor eased 0.6% to 86.3%. The increase wasn't as impressive as May's 1.8% jump, but the carrier still ferried almost 4.15m people around last month. Passenger numbers for the past 12 months are up 7.9% year on year.

Price comparison web site Moneysupermarket (LSE: MONY.L - news) .com is trading in line with expectations, with little change in performance levels since the company's statement in April. The company said in April that trading had stabilised after a sharp drop in revenues in the first quarter.

JJB Sports (LSE: JJB.L - news) is looking at raising up to £50m, including a possible share issue. It's mulling the sale of further non-core assets, an extension in the maturity date of its working capital facility beyond September 2010, and a possible placing and open offer.

Digital TV set-top box maker Pace (LSE: PIC.L - news) is delivering the strong operating performance expected by the board. It said in April that it was seeing increased demand across many of the group's global markets, with the firm increasingly becoming the supplier of choice for many of its payTV operator customers.

Housing repairs group Mears said the level of opportunities for its social housing division have never been higher after the group bagged three new contracts. The group's social housing division has been awarded £64m of new contracts, with options for a further £20m.

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JJB Sports
JJB.L
20.00
+5.26%
MONEYSUPERMARKET
MONY.L
69.50
-1.91%
Pace PLC
PIC.L
179.70
+2.63%
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