September 17, 2007

Northern Rock loses another 35 percent

Filed under: Companies, Northern Rock, Enterprise Inns, Bradford & Bingley, Alliance & Leicester, BT Group, Northern Foods, Smith & Nephew, Persimmon, Barratt Developments, Minerva, Sage, Gyrus, Hikma Pharmaceuticals, Go-Ahead Group

London’ equities markets saw substantial declines again on Monday.

The FTSE 100 was 1.69 percent lower to 6,182.8 and the FTSE 250 dropped 1.91 percent to 10,745.3.

Northern Rock (LSE: NRK) was the biggest decliner on the 100 as it fell 35.45 percent to 282.75p, followed closely by Alliance & Leicester (LSE: AL) with a drop of 31.27 percent to 600p.

Over on the 250, mortgage lender Bradford & Bingley (LSE: BB) was 15.39 percent lower to 279p.

But the worst performer on the 250 was property developer Minerva (LSE: MNR), which was down 16.34 percent to 216.25. House builders fell on the 100.

Persimmon (LSE: PSN) dropped 6.89 percent to 946p, while Barratt Developments was 7.29 percent lower to 769p.

Pubs operator Enterprise Inns dropped 7.37 percent to 578p. Back on the 250, surgical supplies company Gyrus Group (LSE: GYG) was 8.08 percent lower to 398p.

The best performer of the session on the 250 was drug maker Hikma Pharmaceuticals (LSE: HIK) with a gain of 4.68 percent to 425p.

Northern Foods (LSE: NFDS) added 4 percent to 97.5p, while rail and bus transport firm Go-Ahead Group (LSE: GOG) was up 1.66 percent to £25.18.

Software maker Sage Group (LSE: SGE) had the best day on the 100, where it gained 2.77 percent to 250p.

Medical devices manufacturer Smith & Nephew (LSE: SN) added 0.7 percent to 572p, while in the telecommunications sector BT Group (LSE: BT.A; NYSE: BT) was 0.16 percent higher to 316.75p.

July 17, 2007

Lonmin drops on reduced target share price

Filed under: Companies, Lloyds TSB, Schroders, Rolls Royce, Lonmin, Barclay's, Tate & Lyle, Reed Elsevier, Gyrus, Inmarsat, Ashmore

In London on Tuesday the FTSE 100 fell 0.58 percent to 6,659.1, while the FTSE 250 was 0.98 percent lower to 11,801.

Food processor Tate & Lyle (LSE: TATE) had the best day on the FTSE 100, adding 4.81 percent to 599.5p on an upgrade from “neutral” to “buy” from Goldman Sachs (NYSE: GS).

Meanwhile Inmarsat, the telecommunications satellite operator, gained 5.08 percent to 434p on the FTSE 250 for the best performance there.

The biggest loser on the day on the 100 was Lonmin (LSE: LMI), which dropped 3.89 percent to £38.30 on the 100 after both Goldman Sachs (NYSE: GS) and Deutsche Bank (FWB: DBK; NYSE: DB) lowered the miner‘s target share price.

On the 250, investment trust Ashmore dropped 3.51 percent to 268.25p for the worst day on the 250.

Banks saw gains.

Barclays Bank (LSE: BARC; NYSE: BCS; :TYO: 8642) was 0.48 percent higher to 732p, while Lloyds TSB (LSE: LLOY) gained 0.53 percent to 572p.

Gyrus Group (LSE: GYG), which makes and sells surgical supplies, added 2.73 percent to 469.75p.

Investment managers Schroders (LSE: SDR) fell 3.61 percent to £12.80, while its non-voting shares dropped 3.22 percent to £11.41.

Rolls-Royce (LSE: RR) was 2.83 percent lower to 548.5p after Credit Suisse (NYSE: CS; SWX: CSGN) dropped its recommendation on the airplane engine maker from “outperform” to “neutral”.

Meanwhile, Reed Elsevier (LSE: REL; Euronext: REN; NYSE: ENL; NYSE: RUK) fell 2.81 percent to 656p on the news that it is selling its Harcourt educational division to Houghton Mifflin.

January 23, 2007

FTSE 100 adds 0.6 percent on session

Filed under: Companies, BG Group, Royal Dutch Shell, BP, Tesco, J Sainsbury, Wm Morrison, Smith & Nephew, WH Smith, Gyrus

Equities markets were mixed in London on Tuesday. The FTSE 100 added 0.6 percent to 6,227.6, while the FTSE 250 fell 0.6 percent to 11,102.2.

Oil companies were higher on takeover rumors, as it was said that either Royal Dutch Shell or BP could be interested in bidding on BG Group. Shell added 0.6 percent to £17.18, while BP gained 0.7 percent to 545p and BG Group was 1.7 percent higher to 662½p.

Supermarkets were also higher on the session. Wm Morrison was up 0.1 percent to 284p on positive comments from Deutsche Bank, which reconfirmed its “buy” recommendation and target share price of 320p. Elsewhere in the sector, Tesco gained 0.3 percent to 415¼p, while J Sainsbury added 0.8 percent to 438p on talk that private equity has approached with a bid.

In other retail news, magazine and bookseller WH Smith gained 5.6 percent after it issued a positive trading statement.

Among makers of medical devices, Smith & Nephew was 2.3 percent higher to 566¾p after it announced a special dividend and held out the possibility of more cost cutting measures. Goldman Sachs said that the company, thought to be a possible bid target from private equity, would forestall such a bid. Elsewhere in the sector, Gyrus added 1.1 percent to 406¾p.


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 17, 2007 Northern Rock loses another 35 percent Filed under: Companies, Northern Rock, Enterprise Inns, Bradford & Bingley, Alliance & Leicester, BT Group, Northern Foods, Smith & Nephew, Persimmon, Barratt Developments, Minerva, Sage, Gyrus, Hikma Pharmaceuticals, Go-Ahead Group London’ equities markets saw substantial declines again on Monday. The FTSE 100 was 1.69 percent lower to 6,182.8 and the FTSE 250 dropped 1.91 percent to 10,745.3. Northern Rock (LSE: NRK) was the biggest decliner on the 100 as it fell 35.45 percent to 282.75p, followed closely by Alliance & Leicester (LSE: AL) with a drop of 31.27 percent to 600p. Over on the 250, mortgage lender Bradford & Bingley (LSE: BB) was 15.39 percent lower to 279p. But the worst performer on the 250 was property developer Minerva (LSE: MNR), which was down 16.34 percent to 216.25. House builders fell on the 100. Persimmon (LSE: PSN) dropped 6.89 percent to 946p, while Barratt Developments was 7.29 percent lower to 769p. Pubs operator Enterprise Inns dropped 7.37 percent to 578p. Back on the 250, surgical supplies company Gyrus Group (LSE: GYG) was 8.08 percent lower to 398p. The best performer of the session on the 250 was drug maker Hikma Pharmaceuticals (LSE: HIK) with a gain of 4.68 percent to 425p. Northern Foods (LSE: NFDS) added 4 percent to 97.5p, while rail and bus transport firm Go-Ahead Group (LSE: GOG) was up 1.66 percent to £25.18. Software maker Sage Group (LSE: SGE) had the best day on the 100, where it gained 2.77 percent to 250p. Medical devices manufacturer Smith & Nephew (LSE: SN) added 0.7 percent to 572p, while in the telecommunications sector BT Group (LSE: BT.A; NYSE: BT) was 0.16 percent higher to 316.75p. July 17, 2007 Lonmin drops on reduced target share price Filed under: Companies, Lloyds TSB, Schroders, Rolls Royce, Lonmin, Barclay's, Tate & Lyle, Reed Elsevier, Gyrus, Inmarsat, Ashmore In London on Tuesday the FTSE 100 fell 0.58 percent to 6,659.1, while the FTSE 250 was 0.98 percent lower to 11,801. Food processor Tate & Lyle (LSE: TATE) had the best day on the FTSE 100, adding 4.81 percent to 599.5p on an upgrade from “neutral” to “buy” from Goldman Sachs (NYSE: GS). Meanwhile Inmarsat, the telecommunications satellite operator, gained 5.08 percent to 434p on the FTSE 250 for the best performance there. The biggest loser on the day on the 100 was Lonmin (LSE: LMI), which dropped 3.89 percent to £38.30 on the 100 after both Goldman Sachs (NYSE: GS) and Deutsche Bank (FWB: DBK; NYSE: DB) lowered the miner‘s target share price. On the 250, investment trust Ashmore dropped 3.51 percent to 268.25p for the worst day on the 250. Banks saw gains. Barclays Bank (LSE: BARC; NYSE: BCS; :TYO: 8642) was 0.48 percent higher to 732p, while Lloyds TSB (LSE: LLOY) gained 0.53 percent to 572p. Gyrus Group (LSE: GYG), which makes and sells surgical supplies, added 2.73 percent to 469.75p. Investment managers Schroders (LSE: SDR) fell 3.61 percent to £12.80, while its non-voting shares dropped 3.22 percent to £11.41. Rolls-Royce (LSE: RR) was 2.83 percent lower to 548.5p after Credit Suisse (NYSE: CS; SWX: CSGN) dropped its recommendation on the airplane engine maker from “outperform” to “neutral”. Meanwhile, Reed Elsevier (LSE: REL; Euronext: REN; NYSE: ENL; NYSE: RUK) fell 2.81 percent to 656p on the news that it is selling its Harcourt educational division to Houghton Mifflin. January 23, 2007 FTSE 100 adds 0.6 percent on session Filed under: Companies, BG Group, Royal Dutch Shell, BP, Tesco, J Sainsbury, Wm Morrison, Smith & Nephew, WH Smith, Gyrus Equities markets were mixed in London on Tuesday. The FTSE 100 added 0.6 percent to 6,227.6, while the FTSE 250 fell 0.6 percent to 11,102.2. Oil companies were higher on takeover rumors, as it was said that either Royal Dutch Shell or BP could be interested in bidding on BG Group. Shell added 0.6 percent to £17.18, while BP gained 0.7 percent to 545p and BG Group was 1.7 percent higher to 662½p. Supermarkets were also higher on the session. Wm Morrison was up 0.1 percent to 284p on positive comments from Deutsche Bank, which reconfirmed its “buy” recommendation and target share price of 320p. Elsewhere in the sector, Tesco gained 0.3 percent to 415¼p, while J Sainsbury added 0.8 percent to 438p on talk that private equity has approached with a bid. In other retail news, magazine and bookseller WH Smith gained 5.6 percent after it issued a positive trading statement. Among makers of medical devices, Smith & Nephew was 2.3 percent higher to 566¾p after it announced a special dividend and held out the possibility of more cost cutting measures. Goldman Sachs said that the company, thought to be a possible bid target from private equity, would forestall such a bid. Elsewhere in the sector, Gyrus added 1.1 percent to 406¾p.	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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