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    October 18, 2007

    House builders, property developers down in London

    Filed under: Companies, DSG international, Hammerson, Mitchells & Butlers, Wolseley, Smith & Nephew, Barratt Developments, St Modwen, Rexam, Sports Direct, Taylor Wimpey, Quintain Estates & Development, Brixton

    In London on Thursday, the FTSE 100 dropped 1.02 percent to 6,609.4 and the FTSE 250 was 1.1 percent lower to 11,411.6.

    House builders and property developers and investors did poorly on both indices.

    Investor and developer Brixton (LSE: BXTN) was down 4.42 percent to 345.75p, while Hammerson (LSE: HMSO) was 4.74 percent lower to £10.66.

    Quintain Estates & Development (LSE: QED) dropped 4.87 percent to 673.5p and St. Modwen Properties (LSE: SMP) fell 4.9 percent to 480.75p.

    Builder and developer Barratt Developments (LSE: BDEV) was down 5.12 percent to 658.5 while Taylor Wimpey (LSE: TW) dropped 5.15 percent to 253.25.

    In addition, building materials group Wolseley (LSE: WOS) was 4.57 percent lower to 786p.

    The biggest loser on the 100, however, was consumer electronics retailer DSG International (LSE: DSGI), which fell 8.75 percent to 124.1p after it reported that first half profits were hurt by poor sales.

    Elsewhere in the retail sector, sporting goods retailer Sports Direct (LSE: SPD) dropped 5.11 percent to 148.5p.

    Medical devices manufacturer Smith & Nephew (LSE: SN) turned in the best performance on the 100 with a gain of 2.67 percent to 615p.

    Other gainers included beverage cans maker Rexam (LSE: REX), which was up 1.99 percent to 538p and pubs operator Mitchells & Butlers (LSE: MAB) with a gain of 1.58 percent to 641p.





    September 24, 2007

    Developers, house builders see declines

    Filed under: Companies, Northern Rock, Xstrata, PartyGaming, Antofagasta, BHP Billiton, Aquarius Platinum, Vedanta Resources, Wolseley, Barratt Developments, Redrow, Beazley Group, Taylor Wimpey, Brixton, Merrill Lynch World Mining Trust

    London’s equities markets were mixed on Monday.

    The FTSE 100 was 0.14 percent higher to 6,465.9, but the FTSE 250 fell 0.49 percent to 11,040.8.

    Northern Rock (LSE: NRK) had another bad day, leading the losers on the 100 with a decline of 11.48 percent to 172p.

    House builders and related businesses were lower on both indices. Developer and house builder Barratt Developments (LSE: BDEV) dropped 4.64 percent to 749.5p, while real estate investor and manager Brixton (LSE: BXTN) was down 4.98 percent to 358p.

    House builder Taylor Wimpey (LSE: TW) was 5.82 percent lower to 271p, while Redrow (LSE: RDW) fell 5.96 percent to 394.5p.

    Meanwhile, building materials group Wolseley (LSE: WOS) dropped 4.83 percent to 807.5p on quarterly profits that were lower due to the slump in the US housing market.

    Miners were higher on the session.

    Antofagasta (LSE: ANTO) led the 100 with a gain of 6.64 percent to 843p, while Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) turned in the best performance on the 250 as it added 6.56 percent to £18.53.

    Elsewhere in the sector BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was up 5.68 percent to £17.50, while Vedanta Resources (LSE: VED) was 4.68 percent higher to £22.35 and Xstrata (LSE: XTA) jumped 4.61 percent to £32.89.

    Investors Merrill Lynch World Mining Trust (LSE: MWM) gained 3.99 percent to 652p.

    In the insurance sector, special risks insurer Beazley Group (LSE: BEZ) was up 3.91 percent to 179.5p.

    Online gambler PartyGaming (LSE: PRTY) added 4.81 percent to 27.25p.





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