Market Report: A bumper six months for Chime Communications


A bumper summer of sport has meant a bumper six months for Chime Communications, the marketing group whose fast-growing sports arm is chaired by Olympic legend Lord Coe.

Profit in the first half was £17.2m, up from £11.2m a year earlier, and chief executive Christopher Satterthwaite highlighted the Winter Olympics, World Cup and Commonwealth Games as key drivers of the success. Profit at its sports division leapt by an eye-watering 116 per cent, helping  Chime soar 25.75p to 334.5p.

The FTSE 100 was flat, up just 7.90 points at 6,830.90. After tumbling yesterday on disappointing results, traders sniffing out a bargain helped oilfield-services company Petrofac add 26p to 1,149p.

Precious-metal miners performed well with Fresnillo up 16p at 928.5p and Randgold Resources 36p better at 4,941p.

Punters were talking up a potential deal for German drug maker Evotec, mentioned earlier in the year as an attractive target. GlaxoSmithKline, up 15.5p at 1,463p, is said to be duelling with Johnson & Johnson for the company, which has drug discovery alliances with AstraZeneca, Roche and Bayer.

Kenmare Resources became the second miner in two days hit by sliding metal prices. The Irish company, whose primary pit is in Mozambique, reported record production in the first half but revenue in the period flatlined and losses spiralled from $10.2m (£6.1m) a year earlier to $31.8m. Kenmare slipped 0.5p to 12p.

Lonmin’s chief executive Ben Magara sold£42,000 worth of shares in the South African-focused platinum miner as part of the latest tranche handed to him through the company’s retention scheme. Lonmin added 12.4p to 234.1p.

Rumours of a takeover bid for Asos from a US major such as eBay or Amazon, first reported in yesterday’s column, helped the online retailer rocket 436p to 2,804p. Other e-commerce companies also basked in the rumour’s glow, as traders re-evaluated a sector that has been sorely neglected over the last six months.

Ocado climbed 16.4p to 403.6p, Just Eat added 8p to 260p and AO World was 5p better at 231p.

ebooksAn unforgettable anthology of contemporary reportage
Oscar Pistorius is led out of court in Pretoria. Pistorius received a five-year prison sentence for culpable homicide by judge Thokozile Masipais for the killing of his girlfriend Reeva Steenkamp
voicesThokozile Masipa simply had no choice but to jail the athlete
Arts and Entertainment
Sister Cristina Scuccia sings 'Like a Virgin' in Venice

Like Madonna, Sister Cristina Scuccia's video is also set in Venice

Arts and Entertainment
James Blunt's debut album Back to Bedlam shot him to fame in 2004

Singer says the track was 'force-fed down people's throats'

Life and Style
The Tinder app has around 10 million users worldwide

techThe original free dating app will remain the same, developers say

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Helpdesk Analyst

£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...

Senior Helpdesk Analyst / Service Desk Co-ordinator

£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...

Senior Pensions Administrator

£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...

Corporate Actions Administrator / Operations Administrator

£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...

Day In a Page

Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Let's talk about loss

We need to talk about loss

Secrecy and silence surround stillbirth
Will there be an all-female mission to Mars?

Will there be an all-female mission to Mars?

Women may be better suited to space travel than men are
Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album