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    August 13, 2007

    Miners, FTSE 250 components see big gains

    Filed under: Companies, Anglo American, Kazakhmys, Antofagasta, Reckitt Benckiser, Johnson Matthey, Kingfisher, ICI, Keller Group, Rathbone Brothers, Avis Europe, Aveva Group, Micro Focus International, ITE Group

    London’s markets rallied Monday as the FTSE 100 added 2.99 percent to 6,219 and the FTSE 250 gained 2.71 percent to 11,184.8.

    The top three gainers on the 100 were all miners, adding value after copper prices were higher.

    Anglo American (LSE: AAL) was up 8.31 percent to £28.16, while Kazakhmys (LSE: KAZ) gained 10.44 percent to £11.95 and Antofagasta (LSE: ANTO) added 10.48 percent to 685p for the best day on the 100.

    Gains on the 250 were even bigger.

    In the electronics sector Aveva Group (LSE: AVV) and Micro Focus International (LSE: MCRO) were 12.69 percent higher to 901p and up 16.8 percent to 288.5p respectively, with Micro Focus having the best day on the 250.

    Construction engineering group Keller (LSE: KLR) was up 16.77 percent to 940p, while investment managers Rathbone Brothers (LSE: RAT) added 12.79 percent to £13.05 and conference and convention organizer ITE Group (LSE: ITE) was 12.77 percent higher to 170p.

    The biggest loser on the 250 on the session was car rental group Avis Europe (LSE: AVE), which dropped 11.76 percent to 45p.

    Kingfisher, meanwhile, had the worst day on the 100 as it fell 1.63 percent to 211.5p.

    Chemicals groups had a mixed day on the 100, with Reckitt Benckiser (LSE: RB) down 0.51 percent to £27.41 while Johnson Matthey (LSE: JMAT) dropped 0.82 percent to £16.90.

    On the other hand, Imperial Chemical Industries (LSE: ICI; NYSE: ICI) added 2.8 percent to 642p after it said it has accepted a bid from Dutch chemicals company Azko Nobel (Euronext: AKZ; NAS: AKZOY).

    In addition, German consumer goods manufacturer Henkel (FWB: HEN3) said it will purchase the adhesives and electronic materials divisions of ICI’s US unit if the Akzo deal is completed.





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