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    August 7, 2007

    Xstrata lower on bid for Eland Platinum

    Filed under: Companies, Standard Chartered, Xstrata, Vodafone, Hammerson, Tate & Lyle, Liberty International, Minerva, Capita Group, Mouchel Parkman, Millennium & Copthorne Hotels

    The London equities markets saw strong gains Tuesday as the FTSE 100 added 1.93 percent to 6,308.8 and the FTSE 250 gained 2.15 percent to 11,235.2.

    There were only two losers on the FTSE 100 on the session.

    Food processor Tate & Lyle (LSE: TATE) was 0.54 percent lower to 558.5p, while miner Xstrata (LSE: XTA) fell 1.36 percent to £28.72 even though it said earnings were up 22 percent in the first half after it also made a $1 billion bid for South Africa’s Eland Platinum (JSE: ELD).

    Human resources company Capita Group had the best day on the 100 as it added 5.71 percent to 748.5p.

    Property investors did well on both the 100 and 250.

    Hammerson (LSE: HMSO) was up 4.51 percent to £12.24, while Liberty International (LSE: LII) gained 4.64 percent to £10.61 on the 100 and Minerva jumped 9.01 percent to 278.25p on the 250.

    Consulting engineers Mouchel Parkman (LSE: MCHL) had the best day on the 250, gaining 17.95 percent to 418.5p.

    Other gainers on the session included telecommunications group Vodafone (LSE: VOD; NYSE: VOD; FWB: VOD), which added 4.91 percent to 159.4p.

    In the banking sector, Standard Chartered gained 5.03 percent to £16.38.

    The biggest decliner on the day on the 250 was Millennium & Copthorne Hotels (LSE: MLC), with a drop of 10.55 percent to 518p.





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