FTSE News: FTSE 100, FTSE 250, and FTSE 400 investment news
FTSE market news from the London Stock Exchange: FTSE 100, FTSE 250, and FTSE 400

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    August 28, 2007

    Banks lower on exposure to US subprime sector

    Filed under: Companies, BA, Enterprise Inns, PartyGaming, Lonmin, Aquarius Platinum, Alliance & Leicester, Barclay's, HSBC, Drax Group, Punch Taverns, Henderson Group, John Wood Group, Keller Group

    London’s markets were lower on the session Tuesday.

    The FTSE 100 fell 1.9 percent to 6,102.2 while the FTSE 250 dropped 1.6 percent to 10,793.8.

    Banks were down there as well, on reports of substantial exposure to the troubled US subprime market.

    Even though the banks issued denials, Alliance & Leicester (LSE: AL) fell 3.91 percent to £10.08, while Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) dropped 3.6 percent to 589p and HSBC Holdings (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) was 1.9 percent lower to 881p.

    The biggest decliner on the 100, however, was miner Lonmin (LSE: LMI) at a drop of 6.02 percent to £29.81.

    Over on the 250, Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) fell 5.26 percent to £13.87.

    Online gambler PartyGaming (LSE: PRTY) was the worst performer on the 250; it was 7.14 percent lower to 22.75p.

    The biggest gainer on the 100 was electricity generator Drax Group (LSE: DRX), which added 1.65 percent to 645p.

    Pubs operators were higher.

    Punch Taverns (LSE: PUB) gained 0.1 percent to £10.49, while Enterprise Inns (LSE: ETI) advanced 0.9 percent to 613.5p.

    British Airways (LSE: BAY; NYSE: BAB) was up 0.86 percent to 412.75p.

    Builder John Wood Group had the best day on the 250, adding 4.68 percent to 352.5p.

    Asset managers Henderson Group (LSE: HGI; ASX: HGI) was 4.07 percent higher to 140.75p after Citigroup (NYSE: C) raised its recommendation from “hold“ to “buy“.

    Construction engineers Keller Group (LSE: KLR) gained 2.8 percent to £10.29.





    August 24, 2007

    Sage Group tops FTSE 100

    Filed under: Companies, BG Group, Standard Chartered, Rio Tinto, British Energy, J Sainsbury, Barclay's, Northern Foods, Man Group, Sage, Henderson Group, Daejan Holdings, 3i, Rathbone Brothers, Assura Group

    London’s markets were higher Friday.

    The FTSE 100 added 0.37 percent to 6,220.1, while the FTSE 250 gained 0.22 percent to 10,969.5.

    Software maker Sage Group (LSE: SGE) was the best performer on the 100 with a gain of 3.21 percent to 233.25p.

    But financial services groups crowded the top of the loser board on the 100.

    Man Group (LSE: EMG) was 2.55 percent lower to 477.5p. Barclay’s Bank (LSE: BARC; NYSE: BCS; TYO: 8642) dropped 2.63 percent to 611p, while Standard Chartered (LSE: STAN; SEHK: 2888) was the worst performer on the 100 as it fell 4.9 percent to £14.94.

    3i Group (LSE: III) was 4.26 percent lower to £10.34. Rounding out the top five decliners on the 100 was British Energy Group (LSE: BGY) with a decline of 2.67 percent to 446.75p.

    Miners and the oil sector saw gains.

    Rio Tinto (LSE: RIO) was up 2.36 percent to £33.39, while BG Group (LSE: BG; NYSE: BG) added 2.74 percent to 769.5p.

    Retailer Sainsbury gained 2.16 percent to 544.5p.

    The best performer on the 250 was Assura Group (LSE: AGR), with a gain of 13.85 percent to 160.25p.

    Property developer Daejan Holdings (LSE: DJAN) was 5.08 percent higher to £36.00.

    Financial services groups didn’t fare much better on the 250 than they did on the 100.

    Asset manager Henderson Group (LSE: HGI; ASX: HGI) was 2.52 percent lower to 135.25p, while investment managers Rathbone Brothers (LSE: RAT) dropped 2.55 percent to £12.23.

    But the worst performer on the 250 was food processor Northern Foods (LSE: NFDS) with a drop of 2.86 percent to 102p.





    August 17, 2007

    Standard Chartered gains 8 percent

    Filed under: Companies, Northern Rock, GlaxoSmithKline, Standard Chartered, Rio Tinto, BHP Billiton, Lonmin, AstraZeneca, Tesco, ICI, Standard Life, Petrofac, Henderson Group, ICAP

    London’s markets were also higher on the session.

    The FTSE 100 added 3.5 percent to 6,064.2, while the FTSE 250 was 2.14 percent higher to 10,686.2.

    As on the continent, banks saw gains.

    Standard Chartered (LSE: STAN; SEHK: 2888) was the best performer on the 100 as it added 8.03 percent to £15.60, while Northern Rock (LSE: NRK) was right behind with a gain of 7.66 percent to 709.5p.

    Insurers were also higher, with Standard Life (LSE: SLET) up 7.01 percent to 305.5p.

    Broker ICAP (LSE: IAP) was 6.48 percent higher to 484.5p.

    Miners also saw gains.

    Rio Tinto (LSE: RIO) gained 1.8 percent to £29.82, while BHP Billiton (LSE: BLT; NSYE; BHP; ASX: BHP) added 3.5 percent to £12.24 and Lonmin (LSE: LMI) was 6.52 percent higher to £29.74.

    In the pharmaceuticals sector, AstraZeneca (LSE: AZN; NYSE: AZN) was up 2.55 percent to £23.36 while GlaxoSmithKline (LSE: GSK; NYSE: GSK) gained 3.33 percent to £12.71.

    Oil and gas services group Petrofac (LSE: PFC) had the best day on the 250, where it added 7.72 percent to 418.5p, while the biggest loser there was asset manager Henderson Group (LSE: HGI; ASX: HGI) at a drop of 2.9 percent to 125.5p.

    There were only two losers on the 100 on the session. Imperial Chemical Industries (LSE: ICI) dropped 0.16 percent to 616p, while retailer Tesco (LSE: TSCO) was down 0.12 percent to 403.5p.





    August 10, 2007

    Northern Rock drops over 9.5 percent

    Filed under: Companies, Northern Rock, Carnival, Tate & Lyle, JKX Oil & Gas, Man Group, Hunting, Resolution, Henderson Group, Beazley Group, Rathbone Brothers, Avis Europe, Associated British Foods

    London’s markets joined the global market slide on Friday as the FTSE 100 fell 3.71 percent to 6,038.3 and the FTSE 250 was down 2.88 percent to 10,889.5.

    Again, financial services groups ended up lower on the day. Northern Rock (LSE: NRK) led the decliners on the 100 as it dropped 9.57 percent to 713.5p, while investment managers Rathbone Brothers (LSE: RAT) was the worst performer on the 250 with a decline of 12.02 percent to £11.57.

    Insurer Resolution (LSE: RSL) fell 6.71 percent to 626p, while special risks insurer Beazley Group (LSE: BEZ) was 7.98 percent lower to 150p.

    Hedge fund Man Group (LSE: EMG) was down 0.06 percent to 479.25p, while asset managers Henderson Group (LSE: HGI; ASX: HGI) dropped 9.43 percent to 139.25p.

    Among gainers, Avis Europe (LSE: AVE) led the 250 with a gain of 15.91 percent to 51p, while cruise operator Carnival (LSE: CCL; NYSE: CCL; NYSEL CUK) was the best performer on the 100 as it added 0.54 percent to £22.44.

    Food processors did well on the 100.

    Tate & Lyle was up 0.18 percent to 549p, while Associated British Foods (LSE: ABF) gained 0.3 percent to 844p.

    The oil sector did well on the 250.

    Oil refiner and distributor Hunting (LSE: HTG) was 3.36 percent higher to 707.5p, while JKX Oil & Gas (LSE: JKX) was up 13.48 percent to 360p.





    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.





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