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    August 17, 2007

    Standard Chartered gains 8 percent

    Filed under: Companies, Northern Rock, GlaxoSmithKline, Standard Chartered, Rio Tinto, BHP Billiton, Lonmin, AstraZeneca, Tesco, ICI, Standard Life, Petrofac, Henderson Group, ICAP

    London’s markets were also higher on the session.

    The FTSE 100 added 3.5 percent to 6,064.2, while the FTSE 250 was 2.14 percent higher to 10,686.2.

    As on the continent, banks saw gains.

    Standard Chartered (LSE: STAN; SEHK: 2888) was the best performer on the 100 as it added 8.03 percent to £15.60, while Northern Rock (LSE: NRK) was right behind with a gain of 7.66 percent to 709.5p.

    Insurers were also higher, with Standard Life (LSE: SLET) up 7.01 percent to 305.5p.

    Broker ICAP (LSE: IAP) was 6.48 percent higher to 484.5p.

    Miners also saw gains.

    Rio Tinto (LSE: RIO) gained 1.8 percent to £29.82, while BHP Billiton (LSE: BLT; NSYE; BHP; ASX: BHP) added 3.5 percent to £12.24 and Lonmin (LSE: LMI) was 6.52 percent higher to £29.74.

    In the pharmaceuticals sector, AstraZeneca (LSE: AZN; NYSE: AZN) was up 2.55 percent to £23.36 while GlaxoSmithKline (LSE: GSK; NYSE: GSK) gained 3.33 percent to £12.71.

    Oil and gas services group Petrofac (LSE: PFC) had the best day on the 250, where it added 7.72 percent to 418.5p, while the biggest loser there was asset manager Henderson Group (LSE: HGI; ASX: HGI) at a drop of 2.9 percent to 125.5p.

    There were only two losers on the 100 on the session. Imperial Chemical Industries (LSE: ICI) dropped 0.16 percent to 616p, while retailer Tesco (LSE: TSCO) was down 0.12 percent to 403.5p.





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