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    July 10, 2007

    London retailers up amid general declines

    Filed under: Companies, Xstrata, Anglo American, Land Securities, BHP Billiton, Lonmin, Marks & Spencer, J Sainsbury, WH Smith, Arriva

    Equities markets in London saw declines on Tuesday.

    The FTSE 100 dropped 1.14 percent to 6,636.4, while the FTSE 250 was 1.08 percent lower to 11,732.1.

    Miners were lower after rumors circulated that BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) might be interested in bidding for US aluminium producer Alcoa (NYSE: AA).

    BHP Billiton was the worst performer on the 100 on the day, dropping 3.89 percent to £14.83.

    Elsewhere in the sector, Xstrata (LSE: XTA) dropped 3.33 percent to £32.48, while Anglo American (LSE: AAL) fell 3.61 percent to £32.04 and Lonmin was 3.64 percent lower to £41.54.

    The best performance on the day on the 100 came from property developer Land Securities (LSE: LAND), which added 4.8 percent to £18.35.

    Public transport group Arriva (LSE: ARI) had the best day on the 250 as it gained 7.92 percent to 770p after it was revealed that it had been awarded the UK Cross Country rail franchise.

    There were also gains in the retail sector.

    J Sainsbury (LSE: SBRY) was 1.05 percent higher to 577.5p, while Marks & Spencer (LSE: MKS) was up 1.26 percent to 640.5p on a trading update that was not as bad as had been anticipated.

    In the same sector on the 250, WH Smith (LSE: SMWH) added 2.04 percent to 411.75p.





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