October 19, 2007

Home builders see gains in London

Filed under: Companies, Northern Rock, WPP, AstraZeneca, Scottish and Newcastle, HBOS, Persimmon, Barratt Developments, Redrow, Resolution, Alfred McAlpine, DS Smith

London’s markets were lower again on Friday.

The FTSE 100 dropped 1.23 percent to 6,527.9 while FTSE 250 fell 0.98 percent to 11,299.3.

Insurer Resolution (LSE: RSL) had the best day on the 100 as it gained 2.12 percnet to 722p.

Housebuilders and the construction sector more generally were higher on both the 100 and the 250.

Persimmon (LSE: PSN) was up 1.15 percent to 971p and Barratt Developments (LSE: BDEV) was 1.29 percent higher to 667p on the 100, while over on the 250 house builder Redrow (LSE: RDW) gained 3.03 percent to 383p and construction group Alfred McAlpine (LSE: MCA) added 3.54 percent to 555p.

Other gainers included paper group DS Smith (LSE: SMPS), which was up 5.31 percent to 228p on the 250.

Brewer Scottish & Newcastle (LSE: SCTN) was 1.19 percent higher to 766.5p on the 100.

Banks were lower, with Northern Rock (LSE: NRK) again leading the losers on the 100 with a decline of 8.61 percent to 186.9p.

Elsewhere in the sector, HBOS (LSE: HBOS) dropped 2.91 percent to 835p.

In the pharmaceuticals sector Astra Zeneca (LSE: AZN; NYSE: AZN) was down 3.64 percent to £24.61 after the revocation of an inhaler patent by European authorities and a downgrade from “neutral” to “sell” by UBS.

Advertising group WPP (LSE: WPP; NAS: WPPGY) fell 4.18 percent to 665p after it reported quarterly revenues that were at the low end of expectations.

September 25, 2007

Miners lead FTSE 100 lower

Filed under: Companies, Northern Rock, Antofagasta, Lonmin, Scottish & Southern Energy, National Grid, Hammerson, Vedanta Resources, Drax Group, Severfield-Rowen, Taylor Wimpey, Alfred McAlpine, Wellstream

London’s markets also declined, with the FTSE 100 down 1.07 percent to 6,396.9 and the FTSE 250 closing at 10,853.2, a drop of 1.7 percent.

Miners dropped as metals prices declined.

Vedanta Resources (LSE: VED) had the worst day on the 100 as it fell 6.49 percent to £20.90, while Antofagasta (LSE: ANTO) dropped 6.35 percent to 789.5p and Lonmin (LSE: LMI) was 5.35 percent lower to £32.02.

Northern Rock (LSE: NRK) had another down day, falling 5.17 percent to 163.10 as it said it won’t pay a dividend it had promised to investors.

House builder Taylor Wimpey (LSE: TW) was down 5.72 percent to 255.5p.

Property developer Hammerson (LSE: HMSO), on the other hand, added 1.06 percent to £11.40.

Electric power transmitter National Grid (LSE: NG) had the best day on the 100 with a gain of 2.5 percent to 780p, while Scottish & Southern Energy (LSE: SSE; OTC: SSEZY) added 1.38 percent to £14.73.

Over on the 250, electricity generator Drax Group (LSE: DRX) was 2.38 percent higher to 602p.

Natural gas utility Wellstream (LSE:WSM) gained 10.79 percent to 770p for the best day on the 250.

Construction groups were mixed.

Alfred McAlpine (LSE: MCA) was up 2.83 percent to 449.5p but Severfield-Rowen (LSE: SFR) was 6.65 percent lower to £21.05.

September 10, 2007

ITV tops FTSE 100

Filed under: Companies, ITV, Schroders, IG Group, British Energy, HMV Group, Hammerson, Kelda, Wolseley, Minerva, Premier Foods, Alfred McAlpine, Invesco, Avis Europe, Associated British Foods

In London on Monday the FTSE 100 was 0.92 percent lower to 6,134.1 and the FTSE 250 fell 1.2 percent to 10,974.8.

Media group ITV (LSE: ITV) added 2.02 percent to 352.75p for the best day on the 100.

IG Group (LSE: IGG), in the financial services sector, was the best performer on the 250 as it gained 2.02 percent to 111.3p.

Other gainers included investment manager Schroders (LSE: SDR.L), up 2 percent to £13.29.

Water utility Kelda Group (LSE: KEL) gained 1.55 percent to 852p, while electricity generator British Energy Group (LSE: BGY) was 1.82 percent higher to 476.5p.

Music retailer HMV Group (LSE: HMV) added 2.36 percent to 130p. Food processors were mixed.

Premier Foods (LSE: PFD) added 1.84 percent to 248.5p on the 250, but Associated British Foods (LSE: ABF) was 3.41 percent lower to 808.5p on the 100.

Property developers were lower on the session.

Hammerson (LSE: HMSO) dropped 3.27 percent to £11.82, while Minerva (LSE: MNR) was down 4.47 percent to 256.25p.

Builder Alfred McAlpine (LSE: MCA) fell 4.36 percent to 455.5p, while construction materials group Wolseley (LSE: WOS) dropped 3.63 percent to 928p.

The worst performer on the 100 was investment manager Invesco (LSE: AVZ; NYSE: IVZ), which was 3.72 percent lower to 557p, while car rental group Avis Europe (LSE: AVE) was down 4.97 percent to 43p.

August 6, 2007

House builders see gains

Filed under: Companies, BAT, Anglo American, Kazakhmys, Rio Tinto, BHP Billiton, Lonmin, Aquarius Platinum, HMV Group, Wm Morrison, Persimmon, Standard Life, Punch Taverns, Ashmore, Taylor Wimpey, Alfred McAlpine, Invesco

In London on Monday, the FTSE 100 was 0.57 percent lower to 6,189.1 and the FTSE 250 fell 1.67 percent to 10,998.8.

Standard Life (LSE: SLET) was the biggest gainer on the 100, adding 3.03 percent to 315p on consolidation hopes within the sector.

Builder Alfred McAlpine (LSE: MCA) did the best on the 250 with a gain of 4.7 percent to 484.5p.

Other gainers on the session included the house building sector, where Persimmon (LSE: PSN) was up 1.93 percent to £11.64 and Taylor Wimpey (LSE: TW) added 2.18 percent to 339.75p.

British American Tobacco (LSE: BATS; AMEX: BTI; KLSE: BAT) was 2.4 percent higher to £16.12, while music retailer HMV Group (LSE: HMV) gained 4.7 percent to 118.25p.

The biggest loser on the day on the 100 was platinum miner Lonmin (LSE: LMI), which fell 4.81 percent to £30.85.

Aquarius Platinum (LSE: LSE: AQP; ASX:AQP; JSE:AQP) did even worse on the 250, dropping 5.56 percent to £12.90.

Elsewhere in the mining sector BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) dropped 2.98 percent to £13.33, while Kazakhmys (LSE: KAZ) fell 2.93 percent to £11.94, Anglo American (LSE: AAL) was 2.68 percent lower to £26.85 and Rio Tinto (LSE: RIO) was down 1.33 percent to £32.19.

Investment trust Ashmore (LSE: ASHM) did the worst on the 250, falling 8 percent to 204p.

Other decliners on the session included supermarket chain Wm Morrison (LSE: MRW), which dropped 3.6 percent to 274.25p.

Pubs operator Punch Taverns (LSE: PUB) fell 3.36 percent to £10.36 and investment management group INVESCO (LSE: AVZ; NYSE: IVZ) was 3.15 percent lower to 585p on its exposure to the US housing sector.

August 2, 2007

British Airways gains on broker upgrade

Filed under: Companies, BA, Rio Tinto, Lonmin, Marks & Spencer, Vedanta Resources, Mitchells & Butlers, Whitbread, Unilever, Invensys, Alfred McAlpine

In London on Thursday, the FTSE 100 added 0.8 percent to 6,300.3 and the FTSE 250 was 0.39 percent higher to 11,233.

British Airways (LSE: BAY; NYSE: BAB) led the 100, adding 4.53 percent to 403.75p after ABN Amro (Eurnoext: AAB; NYSE: ABN) raised its recommendation on the airline from “sell” to “hold”.

Consumer goods maker Unilever (LSE: ULVR; Euronext: ENA; NYSE: UN) was 4.26 percent higher to £15.68 on strong second quarter results and an improved sales forecast for the full year.

In the retail sector, Marks & Spencer (LSE: MKS) gained 3.42 percent to 635.5p.

The worst performer on the 100 was pubs operator Mitchells & Butlers (LSE: MAB), which fell 4.68 percent to 713p after it delayed a property deal due to problems in the debt market.

The decline took rival pubs company Whitbread (LSE: WTB) down 3.93 percent to £15.88.

Miners also declined on the day.

Rio Tinto was 3.19 percent lower to £33.35, while Vedanta Resources (LSE: VED) fell 2.56 percent to £16.73 and Lonmin (LSE: LMI) dropped 1.84 percent to £33.14.

On the 250, construction group Alfred McAlpine (LSE: MCA) was the best performer as it gained 5.91 percent to 475p after it announced that the company will be split into two separately listed companies, one dedicated to business services and the other offering infrastructures services and project services.

Electronics group Invensys (LSE: ISYS; OTC: IVNY) was 10.07 percent lower to 341.75p, for the worst performance of the session on the 250.


FTSE market news from the London Stock Exchange: FTSE 100, FTSE 250, and FTSE 400
Latest FTSE News: Miners gain, house builders see declines Oil, miners higher in London Telecoms, retailers see gains Pharma lower in London British Energy drops on nuclear plant delays Home builders see gains in London House builders, property developers down in London Brewers higher on bids rumors Oil sector, banks mixed in London BP, Royal Dutch Shell gain on higher oil prices Recommended equities news sites Eurofirst News Tokyo Market News NYSE News Insurance: Car & Home FTSE London Stock Exchange	October 19, 2007 Home builders see gains in London Filed under: Companies, Northern Rock, WPP, AstraZeneca, Scottish and Newcastle, HBOS, Persimmon, Barratt Developments, Redrow, Resolution, Alfred McAlpine, DS Smith London’s markets were lower again on Friday. The FTSE 100 dropped 1.23 percent to 6,527.9 while FTSE 250 fell 0.98 percent to 11,299.3. Insurer Resolution (LSE: RSL) had the best day on the 100 as it gained 2.12 percnet to 722p. Housebuilders and the construction sector more generally were higher on both the 100 and the 250. Persimmon (LSE: PSN) was up 1.15 percent to 971p and Barratt Developments (LSE: BDEV) was 1.29 percent higher to 667p on the 100, while over on the 250 house builder Redrow (LSE: RDW) gained 3.03 percent to 383p and construction group Alfred McAlpine (LSE: MCA) added 3.54 percent to 555p. Other gainers included paper group DS Smith (LSE: SMPS), which was up 5.31 percent to 228p on the 250. Brewer Scottish & Newcastle (LSE: SCTN) was 1.19 percent higher to 766.5p on the 100. Banks were lower, with Northern Rock (LSE: NRK) again leading the losers on the 100 with a decline of 8.61 percent to 186.9p. Elsewhere in the sector, HBOS (LSE: HBOS) dropped 2.91 percent to 835p. In the pharmaceuticals sector Astra Zeneca (LSE: AZN; NYSE: AZN) was down 3.64 percent to £24.61 after the revocation of an inhaler patent by European authorities and a downgrade from “neutral” to “sell” by UBS. Advertising group WPP (LSE: WPP; NAS: WPPGY) fell 4.18 percent to 665p after it reported quarterly revenues that were at the low end of expectations. September 25, 2007 Miners lead FTSE 100 lower Filed under: Companies, Northern Rock, Antofagasta, Lonmin, Scottish & Southern Energy, National Grid, Hammerson, Vedanta Resources, Drax Group, Severfield-Rowen, Taylor Wimpey, Alfred McAlpine, Wellstream London’s markets also declined, with the FTSE 100 down 1.07 percent to 6,396.9 and the FTSE 250 closing at 10,853.2, a drop of 1.7 percent. Miners dropped as metals prices declined. Vedanta Resources (LSE: VED) had the worst day on the 100 as it fell 6.49 percent to £20.90, while Antofagasta (LSE: ANTO) dropped 6.35 percent to 789.5p and Lonmin (LSE: LMI) was 5.35 percent lower to £32.02. Northern Rock (LSE: NRK) had another down day, falling 5.17 percent to 163.10 as it said it won’t pay a dividend it had promised to investors. House builder Taylor Wimpey (LSE: TW) was down 5.72 percent to 255.5p. Property developer Hammerson (LSE: HMSO), on the other hand, added 1.06 percent to £11.40. Electric power transmitter National Grid (LSE: NG) had the best day on the 100 with a gain of 2.5 percent to 780p, while Scottish & Southern Energy (LSE: SSE; OTC: SSEZY) added 1.38 percent to £14.73. Over on the 250, electricity generator Drax Group (LSE: DRX) was 2.38 percent higher to 602p. Natural gas utility Wellstream (LSE:WSM) gained 10.79 percent to 770p for the best day on the 250. Construction groups were mixed. Alfred McAlpine (LSE: MCA) was up 2.83 percent to 449.5p but Severfield-Rowen (LSE: SFR) was 6.65 percent lower to £21.05. September 10, 2007 ITV tops FTSE 100 Filed under: Companies, ITV, Schroders, IG Group, British Energy, HMV Group, Hammerson, Kelda, Wolseley, Minerva, Premier Foods, Alfred McAlpine, Invesco, Avis Europe, Associated British Foods In London on Monday the FTSE 100 was 0.92 percent lower to 6,134.1 and the FTSE 250 fell 1.2 percent to 10,974.8. Media group ITV (LSE: ITV) added 2.02 percent to 352.75p for the best day on the 100. IG Group (LSE: IGG), in the financial services sector, was the best performer on the 250 as it gained 2.02 percent to 111.3p. Other gainers included investment manager Schroders (LSE: SDR.L), up 2 percent to £13.29. Water utility Kelda Group (LSE: KEL) gained 1.55 percent to 852p, while electricity generator British Energy Group (LSE: BGY) was 1.82 percent higher to 476.5p. Music retailer HMV Group (LSE: HMV) added 2.36 percent to 130p. Food processors were mixed. Premier Foods (LSE: PFD) added 1.84 percent to 248.5p on the 250, but Associated British Foods (LSE: ABF) was 3.41 percent lower to 808.5p on the 100. Property developers were lower on the session. Hammerson (LSE: HMSO) dropped 3.27 percent to £11.82, while Minerva (LSE: MNR) was down 4.47 percent to 256.25p. Builder Alfred McAlpine (LSE: MCA) fell 4.36 percent to 455.5p, while construction materials group Wolseley (LSE: WOS) dropped 3.63 percent to 928p. The worst performer on the 100 was investment manager Invesco (LSE: AVZ; NYSE: IVZ), which was 3.72 percent lower to 557p, while car rental group Avis Europe (LSE: AVE) was down 4.97 percent to 43p. August 6, 2007 House builders see gains Filed under: Companies, BAT, Anglo American, Kazakhmys, Rio Tinto, BHP Billiton, Lonmin, Aquarius Platinum, HMV Group, Wm Morrison, Persimmon, Standard Life, Punch Taverns, Ashmore, Taylor Wimpey, Alfred McAlpine, Invesco In London on Monday, the FTSE 100 was 0.57 percent lower to 6,189.1 and the FTSE 250 fell 1.67 percent to 10,998.8. Standard Life (LSE: SLET) was the biggest gainer on the 100, adding 3.03 percent to 315p on consolidation hopes within the sector. Builder Alfred McAlpine (LSE: MCA) did the best on the 250 with a gain of 4.7 percent to 484.5p. Other gainers on the session included the house building sector, where Persimmon (LSE: PSN) was up 1.93 percent to £11.64 and Taylor Wimpey (LSE: TW) added 2.18 percent to 339.75p. British American Tobacco (LSE: BATS; AMEX: BTI; KLSE: BAT) was 2.4 percent higher to £16.12, while music retailer HMV Group (LSE: HMV) gained 4.7 percent to 118.25p. The biggest loser on the day on the 100 was platinum miner Lonmin (LSE: LMI), which fell 4.81 percent to £30.85. Aquarius Platinum (LSE: LSE: AQP; ASX:AQP; JSE:AQP) did even worse on the 250, dropping 5.56 percent to £12.90. Elsewhere in the mining sector BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) dropped 2.98 percent to £13.33, while Kazakhmys (LSE: KAZ) fell 2.93 percent to £11.94, Anglo American (LSE: AAL) was 2.68 percent lower to £26.85 and Rio Tinto (LSE: RIO) was down 1.33 percent to £32.19. Investment trust Ashmore (LSE: ASHM) did the worst on the 250, falling 8 percent to 204p. Other decliners on the session included supermarket chain Wm Morrison (LSE: MRW), which dropped 3.6 percent to 274.25p. Pubs operator Punch Taverns (LSE: PUB) fell 3.36 percent to £10.36 and investment management group INVESCO (LSE: AVZ; NYSE: IVZ) was 3.15 percent lower to 585p on its exposure to the US housing sector. August 2, 2007 British Airways gains on broker upgrade Filed under: Companies, BA, Rio Tinto, Lonmin, Marks & Spencer, Vedanta Resources, Mitchells & Butlers, Whitbread, Unilever, Invensys, Alfred McAlpine In London on Thursday, the FTSE 100 added 0.8 percent to 6,300.3 and the FTSE 250 was 0.39 percent higher to 11,233. British Airways (LSE: BAY; NYSE: BAB) led the 100, adding 4.53 percent to 403.75p after ABN Amro (Eurnoext: AAB; NYSE: ABN) raised its recommendation on the airline from “sell” to “hold”. Consumer goods maker Unilever (LSE: ULVR; Euronext: ENA; NYSE: UN) was 4.26 percent higher to £15.68 on strong second quarter results and an improved sales forecast for the full year. In the retail sector, Marks & Spencer (LSE: MKS) gained 3.42 percent to 635.5p. The worst performer on the 100 was pubs operator Mitchells & Butlers (LSE: MAB), which fell 4.68 percent to 713p after it delayed a property deal due to problems in the debt market. The decline took rival pubs company Whitbread (LSE: WTB) down 3.93 percent to £15.88. Miners also declined on the day. Rio Tinto was 3.19 percent lower to £33.35, while Vedanta Resources (LSE: VED) fell 2.56 percent to £16.73 and Lonmin (LSE: LMI) dropped 1.84 percent to £33.14. On the 250, construction group Alfred McAlpine (LSE: MCA) was the best performer as it gained 5.91 percent to 475p after it announced that the company will be split into two separately listed companies, one dedicated to business services and the other offering infrastructures services and project services. Electronics group Invensys (LSE: ISYS; OTC: IVNY) was 10.07 percent lower to 341.75p, for the worst performance of the session on the 250.	Latest Equities News: Europe, US, most Asia markets lower on news, data Equities decline globally on European debt concerns Most global equities markets see declines on commodities prices Europe, Asia markets mixed as Wall Street declines European, US markets see gains as Asia markets remain mixed European equities decline on lower credit rating for Greece European equities markets gain, helped by US jobs report Most global equities markets in decline Europe, US, Asia markets all see declines London markets see gains as most European markets retreat
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