London close: Modest gains for FTSE 100

Footsie finished the week with modest gains as miners rallied following strong economic data from China.

Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007.

In UK economic news, factory gate prices rose for the ninth month in a row in November, as improving economic conditions helped push up commodity prices.

Vedanta, Kazakhmys, Antofagasta and Lonmin were among the picks of the mining sector. Anglo American was one of the more modest performers in the sector, edging higher after adding 62-year-old Ray O'Rourke, the founder, chief executive and chairman of construction firm Laing O'Rourke, to its board as a non-executive director.

Support services and construction company Carillion expects market conditions will remain challenging but said it believes it will make further progress in 2010. Underlying earnings per share are forecast to grow by at least 10% in the 12 month ended 31 December.

Casinos and bingo outfit Rank said it has submitted a claim for VAT overpaid on main stage bingo for periods from July 2004. If successful, Rank estimates that the net cash benefit arising from this claim will be approximately £16m.

HMV's half-year loss before tax narrowed to £24.9m from £27.5m a year earlier. The entertainment media retailer's total sales in the 6 months 24 October were up 5.6% to £797m from £754.5m at the interim stage in 2008, but this masked a 2.1% decline in like for like sales that was primarily caused by weak trading at Waterstone's, its book selling arm.

HSBC Infrastructure, the trust that invests in infrastructure projects, is to pump £2.1m in to the Helicopter Training Facility private finance initiative (PFI) project.

Road and infrastructure support contractor Mouchel has seen its order book hold steady at £2bn and remains on track to met its expectations for this year to July 2010, even though the situation in Dubai has 'clearly deteriorated'.

Good demand at its signal business will mean LED sensor specialist Dialight 'will exceed its previous earnings expectations' this year.

Shares in medical diagnostics group Omega Diagnostics were looking poorly Friday morning after technical problems with a new manufacturing process prompted a profit warning. The group has had to abandon its new non-contact printing system for manufacturing protein spot slides for processing by its Genarrayt platform.

Mobile payments group Bango has conditionally raised £3.2m by way of a placing of 7.49m new shares at 43 pence each. The group said the proceeds of the placing will be used to accelerate payments to selected content providers ahead of receipt of funds from network operators.

Baltic Oil Terminals said volumes of oil products processed through its Rosbunker terminal in November were higher than October's record volumes, and exceeded expectations.

Software firm Imaginatik has signed a two year contract extension with American property and casualty insurance group Chubb Corporation.

Scientific instruments designer Judges Scientific expects profits for 2009 will exceed market expectations, but warned that order intake in the second half of 2009 is well down on levels from a year ago, and the group is still waiting for the usual end of year surge in orders.

Eastern European coffee shop operator Coffeeheaven is in 'advance talks' about a possible 24p per share offer from Costa Coffee group Whitbread, the two firms confirmed this morning.

FTSE 100 - Risers
WPP Group (WPP) 613.50p +3.98%
Thomas Cook Group (TCG) 227.10p +3.94%
TUI Travel (TT.) 259.00p +3.39%
Vedanta Resources (VED) 2,390.00p +3.24%
Whitbread (WTB) 1,330.00p +3.10%
Experian Group (EXPN) 619.50p +3.08%
Fresnillo (FRES) 814.00p +3.04%
Burberry Group (BRBY) 585.50p +2.90%
Reckitt Benckiser Group (RB.) 3,279.00p +2.76%
International Power (IPR) 295.10p +2.75%

FTSE 100 - Fallers
Lloyds Banking Group (LLOY) 56.22p -3.44%
London Stock Exchange Group (LSE) 694.50p -2.66%
Royal Bank of Scotland Group (RBS) 30.56p -2.49%
Man Group (EMG) 309.80p -1.93%
Home Retail Group (HOME) 298.70p -1.84%
Legal & General Group (LGEN) 75.90p -1.75%
HSBC Holdings (HSBA) 703.40p -1.35%
Morrison (Wm) Supermarkets (MRW) 277.10p -1.25%
Admiral Group (ADM) 1,107.00p -0.98%
Barclays (BARC) 288.00p -0.95%

FTSE 250 - Risers
Melrose Resources (MRS) 270.00p +6.22%
Telecity Group (TCY) 368.90p +5.40%
GKN (GKN) 112.90p +4.93%
Travis Perkins (TPK) 802.00p +3.95%
Cookson Group (CKSN) 408.20p +3.92%
SIG (SHI) 109.60p +3.49%
Robert Wiseman (RWD) 502.00p +3.48%
Petropavlovsk (POG) 1,186.00p +3.40%
Marston's (MARS) 92.90p +3.39%
Synergy Healthcare (SYR) 674.00p +3.37%

FTSE 250 - Fallers
BlueBay Asset Management (BBAY) 292.00p -5.81%
Game Group (GMG) 115.00p -4.64%
CSR (CSR) 368.80p -3.76%
F&C Asset Management (FCAM) 70.45p -3.63%
DS Smith (SMDS) 124.50p -3.26%
Tullett Prebon (TLPR) 292.50p -3.02%
International Personal Finance (IPF) 195.80p -2.97%
Trinity Mirror (TNI) 146.30p -2.92%
Dechra Pharmaceuticals (DPH) 455.00p -2.90%
Yell Group (YELL) 39.83p -2.85%