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    October 29, 2007

    Miners gain, house builders see declines

    Filed under: Companies, Anglo American, Kazakhmys, BHP Billiton, Aquarius Platinum, Hammerson, Bovis Homes Group, Barratt Developments, Daejan Holdings, Taylor Wimpey, Talvivaara Mining Company

    In London on Monday, the FTSE 100 gained 0.67 percent to 6,076 and the FTSE 250 added 0.38 percent to 11,552.8.

    Miners saw gains after JPMorgan Chase upped its target share prices on BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) and Anglo American (LSE: AAL).

    BHP, with its target share price hiked to £20.71, was 1.4 percent higher on the session to £18.68, while Anglo American jumped 3.3 added to £33.52 on a new target share price of £32.84.

    Elsewhere in the sector Kazakhmys (LSE: KAZ) gained 3.42 to £15.14, Vedanta Resources (LSE: VED) was up 3.43 percent to £22.30.

    Over on the 250, Finland-based miner Talvivaara Mining Company (LSE: TALV) added 6.16 percent to 297.25p while Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) had the best day on the 250 as it jumped 7.05 percent to £19.12.

    The big losers on the session were house builders and property developers.

    On the 100, Hammerson (LSE: HMSO) dropped 2.83 percent to £10.29 while Barratt Developments (LSE: BDEV) was down 3.07 percent to 631p. Taylor Wimpey (LSE: TW) had the worst day on the 100, falling 3.56 percent to 230.5p.

    Over on the 250, Daejan Holdings (LSE: DJAN) was 3.26 percent lower to £34.14 and Bovis Homes (LSE: BVS) dropped 3.43 percent to 634p.





    October 5, 2007

    Kazakhmys leads miners in gains

    Filed under: Companies, Anglo American, Kazakhmys, Antofagasta, British Land, Land Securities, Bradford & Bingley, Alliance & Leicester, Hammerson, Barratt Developments, Severfield-Rowen, Moneysupermarket.com

    Miners led the way in London as the FTSE 100 added 0.73 percent to 6,595.8 and the FTSE 250 gained 0.18 percent to 11,390.4.

    Anglo American (LSE: AAL) was up 2.92 percent to £33.43 and Antofagasta (LSE: ANTO) was 3.25 percent higher to 826p, while Kazakhmys (LSE: KAZ) turned in the best performance on the 100 as it added 4.59 percent to £15.96.

    Meanwhile over on the 250, price comparison website Moneysupermarket.com (LSE: MONY) was the top performer of the day with a gain of 5.57 percent to 189.5p.

    Construction group Severfield-Rowen (LSE: SFR) was up 4.04 percent to £21.10.

    House builders and property developers, however, didn’t do as well over on the 100.

    Land Securities Group (LSE: LAND) was 3.21 percent lower to £16.87, while British Land (LSE: BLND) was down 3.44 percent to £11.24 after it said it will not sell its stake in Meadowhall shopping center after all.

    Barratt Developments (LSE: BDEV) dropped 4.14 percent to 765p while Hammerson (LSE: HMSO) was down 4.26 percent to £11.68.

    But Alliance & Leicester (LSE: AL) turned in the worst performance on the 100 as it fell 6.81 percent to 794p on a broker downgrade.

    Mortgage lender Bradford & Bingley (LSE: BB) did the worst on the 250, dropping 6.58 percent to 285p.





    September 20, 2007

    Retailers mixed in London

    Filed under: Companies, Northern Rock, Carnival, Cairn Energy, Tullow Oil, Anglo American, Kazakhmys, Bradford & Bingley, Alliance & Leicester, J Sainsbury, London Stock Exchange, Friends Provident, Kingfisher, Home Retail, Luminar, Stagecoach

    London’s markets were lower on Thursday.

    The FTSE 100 was down 0.48 percent to 6,429 while the FTSE 250 was 1.1 percent lower to 11,013.8.

    Retailers were mixed on the session, with J Sainsbury (LSE: SBRY) up 2.8 percent to 569p but DIY retailer Kingfisher (LSE: KFG) was down 5.88 percent to 181p and Home Retail (LSE: HOME) fell 5.38 percent to 373.75p.

    The best day on the 100 came from cruise line operator Carnival (LSE: CCL; NYSE: CCL), which added 7.08 percent to £23.74.

    Insurer Friends Provident (LSE: FP) was 4.24 percent higher to 174.7p, while in the mining sector Anglo American (LSE: AAL) gained 1.69 percent to £31.82 and Kazakhmys (LSE: KAZ) was up 1.9 percent to £14.50.

    Northern Rock (LSE: NRK) turned in the worst performance on the 100 once again as it dropped 27.94 percent to 185.2p.

    It was followed by Alliance & Leicester (LSE: AL) with a decline of 7.36 percent to 755.5p.

    The London Stock Exchange (LSE: LSE) had the best day on the 250, gaining 16.10 percent to €16.87.

    The oil sector saw advances.

    Cairn Energy (LSE: CNE) was up 3.79 percent to £20, while Tullow Oil (LSE: TLW; OTC: TUWLY) added 4.37 percent to 573.5p.

    The worst performance of the day on the 250 came from the leisure sector, where bar and restaurant operator Luminar (LSE: LMR) dropped 9.51 percent to 633p.

    Mortgage lender Bradford & Bingley (LSE: BB) was down 8.61 percent to 299.75p, while public transport group Stagecoach (LSE: SGC) fell 5.85 percent to 225.5p.





    September 19, 2007

    Miners post big gains in London

    Filed under: Companies, Paragon, Northern Rock, BAT, Xstrata, Anglo American, Kazakhmys, Rio Tinto, Antofagasta, BHP Billiton, Bradford & Bingley, Randgold, Vedanta Resources, Imperial Tobacco, Bluebay

    Miners were the big gainers in London on Wednesday, where the FTSE 100 gained 2.81 percent to 6,460 and the FTSE 250 was 3.09 percent higher to 11,136.3.

    The five biggest gainers on the 100 were all in the mining sector, where gains came on hopes that the US interest rate cut will help prop up demand for metals.

    Anglo American (LSE: AAL) had the best day on the 100, with a gain of 8.27 percent to £31.29.

    Vedanta Resources (LSE: VED) was 7.74 percent higher to £20.73, while Kazakhmys (LSE: KAZ) was up 7.07 percent to £14.23, Xstrata (LSE: XTA) added 6.76 percent to £30.50 and Antofagasta (LSE: ANTO) gained 6.71 percent to 787p.

    Elsewhere in the sector, BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was up 6.3 percent to £16.27 and Rio Tinto (LSE: RIO) was 5.8 percent higher to £39.47.

    Over on the 250, gold miner Randgold (LSE: RRS; NAS: GOLD) jumped 9.37 percent to £15.64.

    Financial services group Bluebay (LSE: BBAY) had the best day on the 250, adding 20.58 percent to 470.25p.

    Mortgage lenders also had a good day with Paragon (LSE: PAG) up 9 percent to 327p, while Bradford & Bingley (LSE: BB) gained 10.9 percent to 328p.

    Northern Rock (LSE: NRK) dropped again, however, dropping 16.01 percent to 257p for the worst performance on the 100, on rumors that it has received a bid and could be sold for less than market value.

    The tobacco sector was also lower on the session.

    Imperial Tobacco Group (LSE: IMT) was 0.14 percent lower to £22.07, while British American Tobacco (LSE: BATS; AMEX: BTI; KLSE: BAT) was down 0.3 percent to £16.85.





    September 13, 2007

    Miners, telecoms higher in London

    Filed under: Companies, Northern Rock, Anglo American, British Land, BHP Billiton, Lonmin, Alliance & Leicester, BT Group, Cable and Wireless, Shire, JJB Sports, Petrofac, Bluebay, Ashmore, Keller Group, STHREE

    London’s equities markets were mixed Thursday.

    While the FTSE 100 added 0.91 percent to 6,363.9, the FTSE 250 was down 0.42 percent to 11,172.4.

    The biggest gainers on the session on the 100 were in the mining and telecommunications sectors.

    Among miners BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was 2.61 percent higher to £14.94 and Anglo American (LSE: AAL) gained 3.27 percent to €29.08, while Lonmin (LSE: LMI) added 3.66 percent to £34.26.

    The mining gains came on higher base metals prices.

    In the telecommunications sector, BT Group (LSE: BT.A; NYSE: BT) was up 2.9 percent to 319p, while Cable and Wireless (LSE: CW) was the best performer on the 100 with a gain of 4.5 percent to 174.3p.

    The biggest winner on the 250 was in the financial services sector, where Ashmore (LSE: ASHM) added 6.48 percent to 263p.

    Elsewhere in the sector, Bluebay (LSE: BBAY) was 2.98 percent higher to 380p.

    Also gaining on the 250 were construction engineers Keller Group (LSE: KLR), up 3.92 percent to £10.88.

    In the oil sector oil, gas and coal services group Petrofac (LSE: PFC) added 3.47 percent to 462p.

    The worst performance on the 100 came from the banking sector, where Northern Rock (LSE: NRK) dropped 4.91 percent to 639p.

    Still among banks, Alliance & Leicester (LSE: AL) was down 2.7 percent to 937.5p.

    Property developer British Land (LSE: BLND) fell 1.88 percent to £12, while in the pharmaceuticals sector Shire was 2.5 percent lower to £12.46.

    Sports retailer JJB Sports (LSE: JJB) dropped 4.37 percent to 164p, while human resources group STHREE (LSE: STHR) fell 5.34 percent to 323.5p.





    August 22, 2007

    BHP Billiton up on higher full-year profits

    Filed under: Companies, Northern Rock, Enterprise Inns, Tullow Oil, Standard Chartered, Anglo American, DSG international, Rio Tinto, Antofagasta, BHP Billiton, Lonmin, Scottish & Southern Energy, Vodafone, BT Group, JKX Oil & Gas, Mitchells & Butlers, HSBC, Punch Taverns, Severfield-Rowen, Invesco, Keller Group, Atkins

    In London on Wednesday, the FTSE 100 added 1.81 percent to 6,196 and the FTSE 250 was up 2.55 percent to 10,910.7.

    Miners were higher on the day after BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) announced that its underlying profit was up 35 percent in the full year on increased demand from China and on higher commodity prices.

    BHP was 4.92 percent higher to £13.65, taking other miners with it.

    Anglo-American (LSE: AAL) was up 4.68 percent to £27.52, while Antofagasta (LSE: ANTO) gained 6.19 percent to 694.5p and Rio Tinto (LSE: RIO) added 6.81 percent to £32.80 and Lonmin (LSE: LMI) jumped 7.22 percnet to £31.77.

    Pubs operator Punch Taverns (LSE: PUB) added 6.4 percent to £10.39 on positive broker comment.

    Rivals Mitchells & Butlers (LSE: MAB) and Enterprise Inns (LSE: ETI) were also higher, gaining 3.8 percent to 704p and 5.8 percent to 611p respectively.

    Some banks also saw gains. HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) was up 1.2 percent to 907p after it said it will close an office in Indiana next year and will eliminate 600 jobs on account of subprime problems.

    Standard Chartered (LSE: STAN; SEHK: 2888) gained 2.2 percent to £15.75, while Northern Rock (LSE: NRK) added 3.7 percent to 728p.

    Construction-related shares did well on the 250.

    Construction engineering firm Keller Group (LSE: KLR) added 6.88 percent to 987p.

    Atkins (LSE: ATK), which offers construction management and consulting services, was up 8.61 percent to £10.28, while builder Severfield-Rowen (LSE: SFR) was the best perfomrer of the day on the 250 as it gained 8.83 percent to £22.68.

    The oil sector was mixed.

    JKX Oil & Gas (LSE: JKX) had the worst day on the 250, falling 4.25 percent to 354.75.

    On the other hand, Tullow Oil (LSE: TLW; OTC: TUWLY) was 4.4 percent higher to 483p after it said it had made a “significant” discovery offshore near Ghana.

    The worst performer on the 100 was Scottish & Southern Energy (LSE: SSE) with a drop of 2.94 percent to £13.85.

    In the telecommunications sector, Vodafone (LSE: VOD; NYSE: VOD; FWB: VOD) was 0.26 percent lower to 156p, while BT Group (LSE: BT.A; NYSE: BT) dropped 2.24 percent to 305p.

    In the retail sector, DSG International (LSE: DSGI) was down 0.63 percent to 159p.





    August 16, 2007

    FTSE 100 closes below 6,000 level

    Filed under: Companies, Northern Rock, Royal Dutch Shell, BP, Standard Chartered, Anglo American, Kazakhmys, Antofagasta, Lonmin, International Power, British Energy, Vedanta Resources, Man Group, Drax Group, Premier Oil, Daejan Holdings, Greggs, Invesco

    London’s equities markets saw significant losses on Thursday.

    The FTSE 100 fell 4.1 percent to 5,858.9, the first time it had closed below the 6,000 level since March, while the FTSE 250 closed at 10,462.6 for a drop of 3.92 percent.

    There were no winners on the 100 on the session, and miners were the five worst performers there after metals prices declined.

    Kazakhmys (LSE: KAZ) dropped 8.38 percent to £10.71, while Vedanta Resources (LSE: VED) fell 8.44 percent to £14.98.

    Anglo American (LSE: AAL) was 9.36 percent lower to £24.70, Lonmin (LSE: LMI) was down 9.41 percent to £27.92 and Antofagasta fell 10.98 percent to 608p for the worst performance of the day on the 100.

    The oil sector declined as well, as the price of crude oil dropped.

    BP (LSE: BP; NYSE: BP; TYO: 5051) was down 4.06 percent to 520p, while Royal Dutch Shell’s (LSE: RDSA, RDSB; NYSE: RDS.A, RDS.B) A shares dropped 4.43 percent to £17.69.

    On the 250, Premier Oil (LSE: PMO) was down 9.19 percent to 914.5p for the worst performance of the day on that index. The financial services sector was much lower.

    Northern Rock (LSE: NRK) was 4.2 percent lower to 659p after Merrill Lynch (NYSE: MER; TYO: 8675) dropped its target share price from £11.30 to 913p and JP Morgan (NYSE: JPM; TYO: 8634) reduced it from 830p to 690p.

    Standard Chartered (LSE: STAN; SEHK: 2888), with substantial exposure in Asia, fell 7.55 percent to £14.44.

    Investment manager Invesco (LSE: AVZ; NYSE: IVZ) was 6.53 percent lower to 551.5p, while hedge fund Man Group (LSE: EMG) dropped 8.31 percent to 446.75p.

    Electricity generators also had substantial losses.

    Drax Group (LSE: DRX) fell 4.04 percent to 605p, while International Power was 6.23 percent lower to 383p and British Energy dropped 7.98 percent to 417.75p after it said that core profit was down 12 percent in its fiscal first quarter after trouble shut down two facilities.

    There were some gainers on the 250, where property group Daejan Holdings (LSE: DJAN) gained 6.57 percent to £35.22.

    Publisher Euromoney Institutional Investor (LSE: ERM), which is 70 percent owned by Daily Mail and General Trust (LSE: DMGT), added 1.93 percent to 580p, while retail baker Greggs (LSE: GRG) gained 0.41 percent to €48.50.





    August 15, 2007

    RBS down on news it won’t reduce ABN bid

    Filed under: Companies, Northern Rock, Standard Chartered, Anglo American, BHP Billiton, Hammerson, Bovis Homes Group, Persimmon, HSBC, Barratt Developments, Royal Bank of Scotland, Berkeley Group, Quintain Estates & Development

    Equities markets in London declined Wednesday as the FTSE 100 was 0.56 percent lower to 6,109.3 and the FTSE 250 dropped 0.99 percent to 10,889.3.

    UK banks followed European banks lower.

    HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) was down 2 percent to 883.5p, while Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) fell 2.2 percent to 561p after it said it won’t reduce its bid, in consortium with other banks, for ABN Amro (Euronext: AAB; NYSE: ABN) to reflect ABN’s lower value after a dividend payout.

    Standard Chartered (LSE: STAN; SEHK: 2888) was 2.25 percent lower to £15.62, while Northern Rock (LSE: NRK) had the worst day on the 100 as it dropped 5.3 percent to 687.5p after it said it could miss its profits forecast.

    Miners were lower as well after copper prices fell 1.2 percent in London to $7,329 per tonne.

    BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was down 1.7 percent to £12.76, while Anglo American (LSE: AAL) was 1.9 percent lower to £27.25.

    Housebuilders and property investors had a better day.

    Persimmon (LSE: PSN) was the best performer on the 100 with a gain of 3.88 percent to £12.58, while Berkeley Group Holdings (LSE: BKG) topped the 250 as it added 4.67 percent to £16.14.

    Bovis Homes (LSE: BVS) was up 4.07 percent to 805p, while Barratt Developments (LSE: BDEV) was 2.77 percent higher to 945p and Hammerson gained 2.14 percent to £12.40.

    On the other hand, property investors Quintain Estates & Development (LSE: QED) had the worst day on the 250 as it dropped 9.62 percent to 817p.





    August 13, 2007

    Miners, FTSE 250 components see big gains

    Filed under: Companies, Anglo American, Kazakhmys, Antofagasta, Reckitt Benckiser, Johnson Matthey, Kingfisher, ICI, Keller Group, Rathbone Brothers, Avis Europe, Aveva Group, Micro Focus International, ITE Group

    London’s markets rallied Monday as the FTSE 100 added 2.99 percent to 6,219 and the FTSE 250 gained 2.71 percent to 11,184.8.

    The top three gainers on the 100 were all miners, adding value after copper prices were higher.

    Anglo American (LSE: AAL) was up 8.31 percent to £28.16, while Kazakhmys (LSE: KAZ) gained 10.44 percent to £11.95 and Antofagasta (LSE: ANTO) added 10.48 percent to 685p for the best day on the 100.

    Gains on the 250 were even bigger.

    In the electronics sector Aveva Group (LSE: AVV) and Micro Focus International (LSE: MCRO) were 12.69 percent higher to 901p and up 16.8 percent to 288.5p respectively, with Micro Focus having the best day on the 250.

    Construction engineering group Keller (LSE: KLR) was up 16.77 percent to 940p, while investment managers Rathbone Brothers (LSE: RAT) added 12.79 percent to £13.05 and conference and convention organizer ITE Group (LSE: ITE) was 12.77 percent higher to 170p.

    The biggest loser on the 250 on the session was car rental group Avis Europe (LSE: AVE), which dropped 11.76 percent to 45p.

    Kingfisher, meanwhile, had the worst day on the 100 as it fell 1.63 percent to 211.5p.

    Chemicals groups had a mixed day on the 100, with Reckitt Benckiser (LSE: RB) down 0.51 percent to £27.41 while Johnson Matthey (LSE: JMAT) dropped 0.82 percent to £16.90.

    On the other hand, Imperial Chemical Industries (LSE: ICI; NYSE: ICI) added 2.8 percent to 642p after it said it has accepted a bid from Dutch chemicals company Azko Nobel (Euronext: AKZ; NAS: AKZOY).

    In addition, German consumer goods manufacturer Henkel (FWB: HEN3) said it will purchase the adhesives and electronic materials divisions of ICI’s US unit if the Akzo deal is completed.





    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.





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