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    August 24, 2007

    Sage Group tops FTSE 100

    Filed under: Companies, BG Group, Standard Chartered, Rio Tinto, British Energy, J Sainsbury, Barclay's, Northern Foods, Man Group, Sage, Henderson Group, Daejan Holdings, 3i, Rathbone Brothers, Assura Group

    London’s markets were higher Friday.

    The FTSE 100 added 0.37 percent to 6,220.1, while the FTSE 250 gained 0.22 percent to 10,969.5.

    Software maker Sage Group (LSE: SGE) was the best performer on the 100 with a gain of 3.21 percent to 233.25p.

    But financial services groups crowded the top of the loser board on the 100.

    Man Group (LSE: EMG) was 2.55 percent lower to 477.5p. Barclay’s Bank (LSE: BARC; NYSE: BCS; TYO: 8642) dropped 2.63 percent to 611p, while Standard Chartered (LSE: STAN; SEHK: 2888) was the worst performer on the 100 as it fell 4.9 percent to £14.94.

    3i Group (LSE: III) was 4.26 percent lower to £10.34. Rounding out the top five decliners on the 100 was British Energy Group (LSE: BGY) with a decline of 2.67 percent to 446.75p.

    Miners and the oil sector saw gains.

    Rio Tinto (LSE: RIO) was up 2.36 percent to £33.39, while BG Group (LSE: BG; NYSE: BG) added 2.74 percent to 769.5p.

    Retailer Sainsbury gained 2.16 percent to 544.5p.

    The best performer on the 250 was Assura Group (LSE: AGR), with a gain of 13.85 percent to 160.25p.

    Property developer Daejan Holdings (LSE: DJAN) was 5.08 percent higher to £36.00.

    Financial services groups didn’t fare much better on the 250 than they did on the 100.

    Asset manager Henderson Group (LSE: HGI; ASX: HGI) was 2.52 percent lower to 135.25p, while investment managers Rathbone Brothers (LSE: RAT) dropped 2.55 percent to £12.23.

    But the worst performer on the 250 was food processor Northern Foods (LSE: NFDS) with a drop of 2.86 percent to 102p.





    August 9, 2007

    Financial services mixed on session

    Filed under: Companies, Kazakhmys, BAE Systems, Alliance & Leicester, AstraZeneca, National Grid, BSkyB, Man Group, Standard Life, Jardine Lloyd Thompson Group, 3i, Benfield Group

    The markets in London also saw declines as the FTSE 100 fell 1.92 percent to 6,271.2 and the FTSE 250 was 2 percent lower to 11,225.5.

    Shares in the financial services sector did not do very well for the most part on the 100.

    Venture capital and private equity group 3i Group (LSE: III) was 5.8 percent lower to £10.56, while insurer Standard Life (LSE: SLET) fell 6.52 percent to 318.75p and hedge fund Man Group (LSE: EMG) was down 6.73 percent to 527p.

    Not all in the financial services sector saw declines however.

    Alliance & Leicester (LSE: AL) added 1.17 percent to £11.20 and insurer Benfield Group (LSE: BFD) gained 4.95 percent to 339p.

    Insurance broker and risk management advisor Jardine Lloyd Thompson Group (LSE: JLT) had the best day on the 100 as it added 4.95 percent to 425p.

    The best performer on the 250 was BSkyB (LSE: BSY), which gained 2.58 percent to 694.4p.

    Other gainers included power transmitter National Grid (LSE: NG), which was 2.09 percent higher to 731.5p.

    Chemicals group Reckitt Benckiser (LSE: RB) was up 1.5 percent to £27.74.

    Defense contractor BAE Systems (LSE: BA; OTCBB: BAESY) added 0.9 percent to 440.25p after it said that first half profits were up a better-than-anticipated 27 percent on upgrades to its Bradley fighting vehicles for use by the US in Iraq and on the production of jet parts.

    The biggest loser on the day on the 100 was miner Kazakhmys (LSE: KAZ), which was down 6.79 percent to £11.25.

    In the pharmaceuticals sector, AstraZeneca (LSE: AZN; NYSE: AZN) dropped 3.5 percent to £24.30 on a safety review of its acid reflux drugs Nexium and Prilosec after two studies linked them to heart problems.

    However, the Food and Drug Administration said that it had concluded on a preliminary basis that there is no increased risk to patients taking the drugs.





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