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    August 21, 2007

    Property developers mixed in London

    Filed under: Companies, BA, British Land, BHP Billiton, International Power, BT Group, JKX Oil & Gas, Barratt Developments, Drax Group, Intercontinental Hotels Group, Punch Taverns, Michael Page International, Avis Europe

    London markets were mixed Tuesday, with the FTSE 100 up 0.12 percent to 6.086.1 but the FTSE 250 down 0.6 percent to 10,639.3.

    The mixed nature of the indices translated to mixed days within individual sectors.

    For example, while property developer Barratt Developments (LSE: BDEV) was the worst performer of the day on the 100 with a drop of 3.25 percent to 909p, British Land (BLND) added 1.42 percent to £12.15.

    Likewise among electricity generators.

    While International Power (LSE: IPR; NYSE: IPR) added 1.55 percent to 409p, Drax Group (LSE: DRX) fell 2.29 percent to 620p.

    Miner BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) had the best day on the 100, adding 2.04 percent to £13.01 after it said it had moved two drilling rigs from deep water in the Gulf of Mexico ahead of Hurricane Dean.

    Meanwhile on the 250, JKX Oil & Gas was the best performer with a gain of 7.39 percent to 370.5p.

    Other gainers on the day included British Airways (LSE: BAY; NYSE: BAB) at 1.52 percent higher to 401.5p.

    In the telecommunications sector, BT Group (LSE: BT.A; NYSE: BT) gained 1.46 percent to 312p.

    Avis Europe (LSE: AVE) was up 4.42 percent to £47.25.

    Among decliners, pubs operator Punch Taverns (LSE: PUB) was 2.35 percent lower to 976.5p, while Intercontinental Hotels (LSE: IHG; NYSE: IHG) fell 2.33 percent to £10.06.

    Human resources specialist Michael Page International (LSE: MPI) dropped 4.22 percent to 419.5p.





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