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FTSE market news from the London Stock Exchange: FTSE 100, FTSE 250, and FTSE 400

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    August 8, 2007

    Electricity generators see declines

    Filed under: Companies, British Energy, Alliance & Leicester, Liberty International, Drax Group, Minerva, Smiths Group, SEGRO, Admiral Group, Keller Group, Unite Group, ICAP

    In London on Wednesday the FTSE 100 added 1.35 percent to 6,393.9, while the FTSE 250 gained 1.96 percent to 11,455.

    Electricity generators didn’t do very well on the session.

    Drax Group (LSE: DRX) was down 1.89 percent to 649p, while British Energy Group (LSE: BGY) dropped 2.22 percent to 474.5p.

    But engineering groups had the worst day on both the 100 and the 250.

    On the 100 Smith’s Group (LSE: SMIN) fell 2.8 percent to £10.08 after it issued a flat profits outlook, blaming the US dollar on since it receives at least half of its revenues from the United States.

    Meanwhile on the 250, construction engineers Keller Group (LSE: KLR) dropped 7.23 percent to 904p.

    Property investment group Liberty International (LSE: LII) had the best day on the 100, adding 6.5 percent to £11.30, while SEGRO (LSE: SGRO) gained 5.9 percent to 565p.

    On the 250, property investment group Minerva (LSE: MNR) was up 10.69 percent to 308p.

    Unite Group (LSE: UTG), which builds, manages, and rents housing for students, was 9.4 percent higher to 419p.

    Automobile insurer Admiral Group (LSE: ADM) had its best one-day advance since it began trading as it added 10.26 percent to 940p.

    In financial services sectors, Alliance & Leicester (LSE: AL) was 6.03 percent higher to £11.07, while broker ICAP (LSE: IAP) gained 6.04 percent to 500p.





    July 20, 2007

    Cable & Wireless drops 3.6 percent

    Filed under: Companies, BA, PartyGaming, Antofagasta, Lonmin, British Energy, BAE Systems, Cable and Wireless, Friends Provident, Imperial Tobacco, Bluebay, SSL International, iSoft, Admiral Group

    The London markets did not decline as much as the continental European markets did on Friday, but they were down as well.

    The FTSE 100 fell 0.83 percent to 6,585.2, while the FTSE 250 dropped 0.51 percent to 11,819.4.

    Gainers on the day included insurer Friends Provident, which had the best day on the 100 as it added 4.25 percent to 186.4p.

    On the 250, consumer goods group SSL International (LSE: SSL) did the best, gaining 3.99 percent to 469.25p.

    Other advances on the day included aerospace and defense group BAE Systems (LSE: BA; OTCBB: BAESY), which was up 1.6 percent to 428p.

    Imperial Tobacco (LSE: IMT) was 1.11 percent higher to £22.78, while British Energy (LSE: BGY) gained 0.86 percent to 527.5p.

    Off of the major indices, software company iSoft (LSE: IOT) added 19 percent to 65.5p after it received a bid from German computer information systems group CompuGroup (FWB: COP).

    Miners were mixed on the session, with Antofagasta (LSE: ANTO) up 1.45 percent to 736p but Lonmin (LSE: LMI) was 2.72 percent lower to £36.85.

    The biggest loser on the day on the 100 was Cable and Wireless (LSE: CW), which fell 3.6 percent to 182p on shareholder protests over executive pay.

    British Airways (LSE: BAY; NYSE: BAB), meanwhile, dropped 2.83 percent to 420p on reports that the current stringent airport security measures could remain in place for the foreseeable future.

    Asset management group Bluebay (LSE: BBAY) was the worst performer on the 250 as it dropped 4.91 percent to 430.75p.

    Auto insurer Admiral Group (LSE: ADM) was 4.85 percent lower to 819p, while internet gamer PartyGaming (LSE: PRTY) fell 4.58 percent to 31.25p.





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