FTSE depressed despite rising profits

The raw materials sector fell back after recent gains, with Kazakhmys down 5.93% and Rio Tinto lost 5.61%. Sainsbury's shares fell 1.4% despite the firm announcing an 11% rise in underlying profits, down to 335.5p. Catering firm Compass saw shares surge forward this morning after reporting a 40% rise in profits, up 7.51% to 357.75 points. On Wall Street, markets saw mixed results as traders awaited crucial retail sales figures, with the Dow Jones up 50.34 points (0.6%) to 8,469.11. Pharmaceuticals performed well as fears over swine flu persist, with Pfizer up 5.87% to $14.93, while ...