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 29, 2007

FTSE 250 adds nearly 1 percent

Filed under: Companies, PartyGaming, Aviva, Severn Trent, Kelda, Persimmon, Barratt Developments, Whitbread, Rexam, Standard Life, Bluebay

In London on Wednesday, the FTSE 100 was up 0.49 percent to 6,132.2 and the FTSE 250 added 0.91 percent to 10,891.9.

Hotels and restaurants operator Whitbread (LSE: WTB) had the best day on the 100 as it added 3.47 percent to £16.12.

The gains came on news that revenues were up 6.6 percent in the six months ending 16 August and were 8 percent higher in its fiscal second quarter.

Water utilities were right behind. Severn Trent (LSE: SVT) was 2.84 percent higher to £13.42, while Kelda Group (LSE: KEL) added 3.15 percent to 852p.

Insurers were mixed, however, with Standard Life (LSE: SLET) up 2.11 percent to 290p but Aviva (LSE: AV) down 0.99 percent to 698p.

Property developers and house builders were down on the session. Barratt Developments (LSE: BDEV) fell 0.66 percent to 905p, while Persimmon dropped 0.77 percent to £11.55.

Beverage can manufacturer Rexam (LSE: REX), down 1.35 percent to 511p had the worst day on the 100.

The worst performer on the 250 was in the financial services sector, where Bluebay (LSE: BBAY) was 4.76 percent lower to 395p.

PartyGaming (LSE: PRTY) had the best day on the 250, where it gained 23.08 percent to 28p after a more than 7 percent decline Tuesday.

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.

July 13, 2007

Miners down after gains

Filed under: Companies, BG Group, Standard Chartered, Rio Tinto, BHP Billiton, Lonmin, Johnson Matthey, Man Group, Experian, Home Retail, Henderson Group, Bluebay, Smiths Group

In London on Friday the FTSE 100 was 0.28 percent higher to 6,716.7 and the FTSE 250 gained 0.96 percent to 11,922.9.

Miners declined after Thursday’s gains, with Rio Tinto (LSE: RIO) seeing the biggest loss of the day on the 100, dropping 2.1 percent to £37.30.

Elsewhere in the sector, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) was 1.74 percent lower to £15.27 and Lonmin (LSE: LMI) fell 0.66 percent to £42.78.

Financial services-related shares did better.

Standard Chartered (LSE: STAN; SEHK: 2888) had the best day on the 100 as it added 2.92 percent to £16.90, while asset manager Henderson Group (LSE: HGI; ASX: HGI) gained 7.95 percent to 176.5p on the 250 for the best performance of the day there.

Hedge fund manager Man Group (LSE: EMG) was 2.76 percent higher to 633.5p.

Another asset manager, Bluebay (LSE: BBAX), however, had the poorest performance of the day on the 250 as it dropped 3.35 percent to 455p.

Other gainers on the day included business services group Experian (LSE: EXPN), which was 2.27 percent higher to 630p.

Chemicals group Johnson Matthey (LSE: JMAT) added 2.7 percent to £18.28, while in the oil sector BG Group gained 2.2 percent to 877.5p.

Decliners on the 100 included engineers Smiths Group (LSE: SMIN), which dropped 1.23 percent to £11.28 and Home Retail (LSE: HOME), down 1.37 percent to 450.25p.


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	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 29, 2007 FTSE 250 adds nearly 1 percent Filed under: Companies, PartyGaming, Aviva, Severn Trent, Kelda, Persimmon, Barratt Developments, Whitbread, Rexam, Standard Life, Bluebay In London on Wednesday, the FTSE 100 was up 0.49 percent to 6,132.2 and the FTSE 250 added 0.91 percent to 10,891.9. Hotels and restaurants operator Whitbread (LSE: WTB) had the best day on the 100 as it added 3.47 percent to £16.12. The gains came on news that revenues were up 6.6 percent in the six months ending 16 August and were 8 percent higher in its fiscal second quarter. Water utilities were right behind. Severn Trent (LSE: SVT) was 2.84 percent higher to £13.42, while Kelda Group (LSE: KEL) added 3.15 percent to 852p. Insurers were mixed, however, with Standard Life (LSE: SLET) up 2.11 percent to 290p but Aviva (LSE: AV) down 0.99 percent to 698p. Property developers and house builders were down on the session. Barratt Developments (LSE: BDEV) fell 0.66 percent to 905p, while Persimmon dropped 0.77 percent to £11.55. Beverage can manufacturer Rexam (LSE: REX), down 1.35 percent to 511p had the worst day on the 100. The worst performer on the 250 was in the financial services sector, where Bluebay (LSE: BBAY) was 4.76 percent lower to 395p. PartyGaming (LSE: PRTY) had the best day on the 250, where it gained 23.08 percent to 28p after a more than 7 percent decline Tuesday. 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. July 13, 2007 Miners down after gains Filed under: Companies, BG Group, Standard Chartered, Rio Tinto, BHP Billiton, Lonmin, Johnson Matthey, Man Group, Experian, Home Retail, Henderson Group, Bluebay, Smiths Group In London on Friday the FTSE 100 was 0.28 percent higher to 6,716.7 and the FTSE 250 gained 0.96 percent to 11,922.9. Miners declined after Thursday’s gains, with Rio Tinto (LSE: RIO) seeing the biggest loss of the day on the 100, dropping 2.1 percent to £37.30. Elsewhere in the sector, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) was 1.74 percent lower to £15.27 and Lonmin (LSE: LMI) fell 0.66 percent to £42.78. Financial services-related shares did better. Standard Chartered (LSE: STAN; SEHK: 2888) had the best day on the 100 as it added 2.92 percent to £16.90, while asset manager Henderson Group (LSE: HGI; ASX: HGI) gained 7.95 percent to 176.5p on the 250 for the best performance of the day there. Hedge fund manager Man Group (LSE: EMG) was 2.76 percent higher to 633.5p. Another asset manager, Bluebay (LSE: BBAX), however, had the poorest performance of the day on the 250 as it dropped 3.35 percent to 455p. Other gainers on the day included business services group Experian (LSE: EXPN), which was 2.27 percent higher to 630p. Chemicals group Johnson Matthey (LSE: JMAT) added 2.7 percent to £18.28, while in the oil sector BG Group gained 2.2 percent to 877.5p. Decliners on the 100 included engineers Smiths Group (LSE: SMIN), which dropped 1.23 percent to £11.28 and Home Retail (LSE: HOME), down 1.37 percent to 450.25p.	Latest Equities News: Wall Street ends lower despite rate cut Asia-Pacific, Europe equities see declines Hang Seng adds 10.72 percent on session India’s Sensex drops 1,408 points on session Australian markets drop for 9th straight day Taiex gains on opposition win in parliamentary elections Hang Seng drops nearly 400 points Most Asia-Pacific markets drop on US recession worries Tokyo declines on export worries Asia-Pacific equities mixed on economic concerns
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