September 4, 2007

Royal Dutch Shell sees gains on broker upgrade

Filed under: Companies, Northern Rock, BG Group, Royal Dutch Shell, Tullow Oil, Kazakhmys, Shire, Persimmon, Liberty International, Home Retail, Greggs, SOCO International

In London on Tuesday, the FTSE 100 gained 0.98 percent to 6,376.8 while the FTSE 250 was 1.34 percent higher to 11,510.8.

Both indices were led by the oil sector. Royal Dutch Shell’s (LSE: RDSA, RDSB; NYSE RDS.A, RDS.B) A and B shares took the top two places on the 100, with B shares adding 2.9 percent to £19.85 and A shares gaining 3.02 percent to £19.79 after UBS (NYSE: UBS; SWX: UBSN; TYO: 8657) raised its recommendation on the oil group from “neutral“ to “buy“.

BG Group also did well with its shares 2.43 percent higher to 800.5p.

On the 250, Tullow Oil (LSE: TLW; OTC: TUWLY) was up 6.63 percent to 547p.

Meanwhile, SOCO International (LSE: SIA) added 7.34 percent to £21.65 for the best day on the 250.

Other gainers included miner Kazakhmys (LSE: KAZ), which was up 2.62 percent to £13.33 on the news that profits were up 22 percent in the first half of the year.

In the retail sector, Home Retail (LSE: HOME) gained 2.63 percent to 429.5p.

The biggest loser on the day on the 100 was in the banking sector, with Northern Rock (LSE: NRK) falling 1.21 percent to 732p.

Bakery goods retailer Greggs (LSE: GRG) dropped 4.46 £50.50 for the worst performance on the 250.

Property-related groups saw declines on the day.

Home builder Persimmon (LSE: PSN) was 0.95 percent lower to £11.46, while property investor Liberty International (LSE: LII) fell 1.17 percent to £11.83.

In the pharmaceuticals sector, Shire (LSE: SHP; NAS: SHPGY) dropped 1.15 percent to £12.95.

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.

July 31, 2007

EasyJet adds nearly 13 percent

Filed under: Companies, Anglo American, Reckitt Benckiser, Friends Provident, Vedanta Resources, Liberty International, Compass Group, Standard Life, Rotork, Taylor Wimpey, Greggs

There were substantial gains in London on Tuesday, where the FTSE 100 added 2.48 percent to 6,360.1 and the FTSE 250 was 2.26 percent higher to 11,321.9.

Insurer Standard Life (LSE: SLET) had the best day on the 100 as it added 6.38 percent to 308.5p, while Friends Provident (LSE: FP) was right behind with a gain of 5.97 percent to 187p.

Miners were also higher on the 100, with Vedanta Resources (LSE: VED) up 4.17 percent to £17.89 as Anglo American (LSE: AAL) added 5.18 percent to £29.04 as metals prices were on the rise.

Caterer Compass Group (LSE: CPG) was 5.28 percent higher to 334p.

Meanwhile, easyJet (LSE: EZJ) had the best day on the 250, adding 12.91 percent to 511.5p as Goldman Sachs (NYSE: GS) added the discount airline to its “conviction buy” list.

Other big gainers on the 250 included oil equipment manufacturer Rotork (LSE: ROR), which was 12.87 percent higher to £10.35.

Home builder Taylor Wimpey (LSE: TW) was up 9.83 percent to 330.25 on first half profits that were better than had been anticipated.

The biggest loss on the 250 came for retail bakery chain Greggs (LSE: GRG), which dropped 3.41 percent to £49.10.

The worst performer on the 100 was chemicals group Reckitt Benckiser (LSE: RB), down 0.41 percent to €26.52.

The only other decliner on the 100 was property investor Liberty International (LSE: LII), which dropped 0.29 percent to £10.38.


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 4, 2007 Royal Dutch Shell sees gains on broker upgrade Filed under: Companies, Northern Rock, BG Group, Royal Dutch Shell, Tullow Oil, Kazakhmys, Shire, Persimmon, Liberty International, Home Retail, Greggs, SOCO International In London on Tuesday, the FTSE 100 gained 0.98 percent to 6,376.8 while the FTSE 250 was 1.34 percent higher to 11,510.8. Both indices were led by the oil sector. Royal Dutch Shell’s (LSE: RDSA, RDSB; NYSE RDS.A, RDS.B) A and B shares took the top two places on the 100, with B shares adding 2.9 percent to £19.85 and A shares gaining 3.02 percent to £19.79 after UBS (NYSE: UBS; SWX: UBSN; TYO: 8657) raised its recommendation on the oil group from “neutral“ to “buy“. BG Group also did well with its shares 2.43 percent higher to 800.5p. On the 250, Tullow Oil (LSE: TLW; OTC: TUWLY) was up 6.63 percent to 547p. Meanwhile, SOCO International (LSE: SIA) added 7.34 percent to £21.65 for the best day on the 250. Other gainers included miner Kazakhmys (LSE: KAZ), which was up 2.62 percent to £13.33 on the news that profits were up 22 percent in the first half of the year. In the retail sector, Home Retail (LSE: HOME) gained 2.63 percent to 429.5p. The biggest loser on the day on the 100 was in the banking sector, with Northern Rock (LSE: NRK) falling 1.21 percent to 732p. Bakery goods retailer Greggs (LSE: GRG) dropped 4.46 £50.50 for the worst performance on the 250. Property-related groups saw declines on the day. Home builder Persimmon (LSE: PSN) was 0.95 percent lower to £11.46, while property investor Liberty International (LSE: LII) fell 1.17 percent to £11.83. In the pharmaceuticals sector, Shire (LSE: SHP; NAS: SHPGY) dropped 1.15 percent to £12.95. 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. July 31, 2007 EasyJet adds nearly 13 percent Filed under: Companies, Anglo American, Reckitt Benckiser, Friends Provident, Vedanta Resources, Liberty International, Compass Group, Standard Life, Rotork, Taylor Wimpey, Greggs There were substantial gains in London on Tuesday, where the FTSE 100 added 2.48 percent to 6,360.1 and the FTSE 250 was 2.26 percent higher to 11,321.9. Insurer Standard Life (LSE: SLET) had the best day on the 100 as it added 6.38 percent to 308.5p, while Friends Provident (LSE: FP) was right behind with a gain of 5.97 percent to 187p. Miners were also higher on the 100, with Vedanta Resources (LSE: VED) up 4.17 percent to £17.89 as Anglo American (LSE: AAL) added 5.18 percent to £29.04 as metals prices were on the rise. Caterer Compass Group (LSE: CPG) was 5.28 percent higher to 334p. Meanwhile, easyJet (LSE: EZJ) had the best day on the 250, adding 12.91 percent to 511.5p as Goldman Sachs (NYSE: GS) added the discount airline to its “conviction buy” list. Other big gainers on the 250 included oil equipment manufacturer Rotork (LSE: ROR), which was 12.87 percent higher to £10.35. Home builder Taylor Wimpey (LSE: TW) was up 9.83 percent to 330.25 on first half profits that were better than had been anticipated. The biggest loss on the 250 came for retail bakery chain Greggs (LSE: GRG), which dropped 3.41 percent to £49.10. The worst performer on the 100 was chemicals group Reckitt Benckiser (LSE: RB), down 0.41 percent to €26.52. The only other decliner on the 100 was property investor Liberty International (LSE: LII), which dropped 0.29 percent to £10.38.	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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