FTSE continues upward trend

The FTSE 100 Index continued its climb northwards yesterday as world markets were left relatively unshaken following news that North Korea had carried out nuclear testing.

The FTSE 100 Index continued its climb northwards yesterday as world markets were left relatively unshaken following news that North Korea had carried out nuclear testing. The index was also boosted by takeover speculation surrounding Man Group, Brambles and First Choice and closed yesterday at 6072.7, up 41.8 points on the day.

Within the regional portfolio, Hargreaves Services issued its AGM statement in which it stated that trading for the first quarter of the year had been in line with market expectations. Hargreaves provides transport and support services to both industrial and domestic users, by transporting millions of tonnes of raw materials, importing, processing and selling mineral and biomass products and offering an extensive range of services to the UK's waste industry.

The chairman, Timothy Ross, said: "The group order book has continued to grow, with several existing contracts being renewed or extended, and a number of additional contracts being awarded." The share price closed yesterday at 395p, up 2.5p.

Elsewhere, Immunodiagnostic Systems Holdings (IDS), based at Boldon Business Park on Tyneside, announced plans to enter the Austrian market this month with its first direct distribution operation in Austria. IDS produces diagnostic testing kits for clinical and research markets and is well known for its expertise in creating tools to help in the diagnosis of diseases of bone and calcium dysfunction, such as osteoporosis. The group already has direct sales and marketing subsidiaries in the US, France and Germany and has said that Austria is an obvious choice for their expansion programme. The share price added 1p and closed at 152.5p.

Brewin Dolphin acts as broker to Hargreaves Services

Katie Brown - Assistant Director, Wise Speke.

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