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    October 25, 2007

    Telecoms, retailers see gains

    Filed under: Companies, PartyGaming, Alliance & Leicester, Vodafone, Barratt Developments, Old Mutual, Debenhams, Standard Life, Home Retail, Capita Group

    London’s equities markets were higher on Thursday.

    The FTSE 100 was up 1.45 percent to 6,576.3, while the FTSE 250 jumped 1.79 percent to 11,480.5. As in Europe, telecoms topped the gainers.

    Vodafone (LSE: VOD; NYSE: VOD; FWB: VOD) added 6.45 percent to 189.7p after France Telecom (Euronext: FTE; NYSE: FTE) announced its better than anticipated results.

    Retailers also saw gains.

    Home Retail (LSE: HOME) was higher on the 100, up 5.03 percent to 412.75, while over on the 250 department store chain Debenhams (LSE: DEB) gained 6.9 percent to 112.25p.

    Online gambler PartyGaming (LSE: PRTY) was the best performer on the 250, where it added 13.64 percent to 31.25p.

    Insurers were mixed on the session, with Old Mutual (LSE: OML; JSE: OLOML) 5 percent higher to 178.6p but Standard Life (LSE: SLET) down 1.25 percent to 276.25p.

    Other losers included house builder and property developer Barratt Developments (LSE: BDEV), which dropped 1.81 percent to 650p.

    In the banking sector, Alliance & Leicester (LSE: AL) was down 2.99 percent to 729.5p.

    Capita Group (LSE: CPI) had the worst day on the 100, falling 5.53 percent to 700p on the news that it will lose handling of London’s congestion charge to IBM (NYSE: IBM) beginning in 2009.





    August 14, 2007

    Wm Morrison lower after e. coli outbreak

    Filed under: Companies, BA, Rio Tinto, BHP Billiton, Lonmin, BT Group, Wm Morrison, Scottish and Newcastle, Johnson Matthey, Rexam, Yell, Daejan Holdings, Capita Group, Kier Group

    Markets in London were lower as well, with the FTSE 100 down 1.21 percent to 6,143.5 and the FTSE 250 at 10,998.6, a decline of 1.52 percent.

    Food retailer Wm Morrison (LSE: MRW) was 2.8 percent lower to 258.5p after it removed sliced cold meats from two stores in Scotland after an outbreak of E. coli that resulted in one death.

    Miners were mixed on the day.

    Lonmin (LSE: LMI) led gainers on the 100 as it added 1.7 percent to £31.14, but Rio Tinto (LSE: RIO) fell 1.4 percent to £31.75 and BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was 3.71 percent lower to £12.98.

    The worst performance on the 100 came from publisher Yell Group (LSE: YELL), which was down 3.81 percent to 454.4p.

    Beverage can maker Rexam (LSE: REX) dropped 3.54 percent to 504.5p, while chemicals group Johnson Matthey fell 3.73 percent to £16.27.

    Two other individuals were reported to be in hospital.

    Decliners on the 250 included property developer Daejan Holdings (LSE: DJAN), which was down 5.56 percent to £34.00.

    Construction firm Kier Group (LSE: KIE) had the worst day on the 250, with a decline of 6.15 percent to £18.76.

    British Airways was 0.5 percent higher on the 100 to 403p.

    Human resources specialist Capita Group (LSE: CPI) added 0.75 percent to 739p, while in the telecommunications sector BT Group (LSE: BT.A; NYSE: BT) gained 0.81 percent to 310.5p.

    Brewer Scottish & Newcastle (LSE: SCTN) was 1.31 percent higher to 580p on the possibility that it could be acquired by Danish brewer Carlsberg (OMX: CARL A, CARL B), which has been reported to have said it is in the market to purchase another beer maker.

    Neither Carlsberg nor Scottish & Newcastle would comment on the reports.





    August 7, 2007

    Xstrata lower on bid for Eland Platinum

    Filed under: Companies, Standard Chartered, Xstrata, Vodafone, Hammerson, Tate & Lyle, Liberty International, Minerva, Capita Group, Mouchel Parkman, Millennium & Copthorne Hotels

    The London equities markets saw strong gains Tuesday as the FTSE 100 added 1.93 percent to 6,308.8 and the FTSE 250 gained 2.15 percent to 11,235.2.

    There were only two losers on the FTSE 100 on the session.

    Food processor Tate & Lyle (LSE: TATE) was 0.54 percent lower to 558.5p, while miner Xstrata (LSE: XTA) fell 1.36 percent to £28.72 even though it said earnings were up 22 percent in the first half after it also made a $1 billion bid for South Africa’s Eland Platinum (JSE: ELD).

    Human resources company Capita Group had the best day on the 100 as it added 5.71 percent to 748.5p.

    Property investors did well on both the 100 and 250.

    Hammerson (LSE: HMSO) was up 4.51 percent to £12.24, while Liberty International (LSE: LII) gained 4.64 percent to £10.61 on the 100 and Minerva jumped 9.01 percent to 278.25p on the 250.

    Consulting engineers Mouchel Parkman (LSE: MCHL) had the best day on the 250, gaining 17.95 percent to 418.5p.

    Other gainers on the session included telecommunications group Vodafone (LSE: VOD; NYSE: VOD; FWB: VOD), which added 4.91 percent to 159.4p.

    In the banking sector, Standard Chartered gained 5.03 percent to £16.38.

    The biggest decliner on the day on the 250 was Millennium & Copthorne Hotels (LSE: MLC), with a drop of 10.55 percent to 518p.





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