Games, trucks and miners

Wednesday 23 December 2015

The FTSE 100 opened on a positive note adding to yesterday's steady gains, although volumes are expected to remain on the low side in the run-up to the festive break.

“Video games retailer Game Digital (LSE:GMD) has issued a profits warning following disappointing sales in a challenging market,” says AJ Bell Investment Director Russ Mould.

“The problem for Game Digital is that the plunge in sales of old format games on Xbox 360 and PlayStation 3 has not been matched by figures for the new PlayStation 4 and Xbox One. Sales before and after Christmas will be crucial but it has warned investors to expect first half earnings of around £30m compared with £43m a year ago.

“Eurotunnel’s (EURONEXT:GET) Le Shuttle service has shattered the record it set during the London Olympics in 2012. Eurotunnel has been buoyed by new truck terminal security and has already carried more than 1,464,880 trucks in both directions between Folkestone and Calais with more than a week to go before the end of the year.

“Heavyweight miners led blue-chip index in early trading with Anglo American (LSE:AAL), Glencore (LSE:GLEN), Rio Tinto (LSE:RIO) and Antofagasta (LSE:ANTO)  taking four of the top five slots. Their dominance was only interrupted by Tesco (LSE:TSCO).”

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