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    October 11, 2007

    Commodities-related companies higher on session

    Filed under: Companies, Northern Rock, BG Group, Tullow Oil, Aquarius Platinum, Randgold, Vedanta Resources, Bellway, Bovis Homes Group, Persimmon, Barratt Developments, Hunting, Redrow, Taylor Wimpey

    In London on Thursday, the FTSE 100 was 1.38 percent higher to 6,724.5 while the FTSE 250 gained 0.96 percent to 11,622.9.

    Commodities-related shares were higher on the session.

    Vedanta Resources (LSE: VED) had the best day on the 100 as it added 5.8 percent to £23.17, while oil refiner and distributor Hunting (LSE: HTG) was the best performer on the 250 with a gain of 10.28 percent to 783p.

    Elsewhere among miners, gold miner Randgold (LSE: RSS; NAS: GOLD) was 7.43 percent higher to £17.35 and Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) jumped 9.42 percent to £18.47.

    Back in the oil sector, Tullow Oil (LSE: TLW; OTC: TUWLY) was up 4.68 percent to 626.5p, while BG Group (LSE: BG; NYSE: BG) added 4.74 percent to 883p.

    Among banks, Northern Rock (LSE: NRK) slipped again, dropping 5.67 percent to 258p for the worst performance of the session on the 100.

    Meanwhile, the house building sector and property developers had a bad day after the Royal Institution of Chartered Surveyors reported that house prices were lower in the UK again in September.

    Bovis Homes (LSE: BVS) was down 2.56 percent to 684p and Bellway (LSE: BWY) dropped 2.89 percent to £10.76.

    Barratt Developments (LSE: BDEV) was 3.54 percent lower to 722p, Persimmon (LSE: PSN) fell 4.02 percent to £10.03 and Redrow (LSE: RDW) was down 4.31 percent to 388.5p.

    Taylor Wimpey (LSE: TW) fell 4.28 percent to 290.75p.





    September 21, 2007

    Banks mixed in London

    Filed under: Companies, Northern Rock, Tullow Oil, PartyGaming, British Energy, Alliance & Leicester, London Stock Exchange, National Grid, Randgold, Vedanta Resources, Kelda, JJB Sports, Kingfisher, Daejan Holdings

    London’s markets saw gains Friday, with the FTSE 100 up 0.43 percent to 6,456.7 and the FTSE 250 gaining 0.73 percent to 11,094.7.

    Banks were mixed.

    While Northern Rock (LSE: NRK) added 4.91 percent to 194.3p, Alliance & Leicester (LSE: AL) dropped another 2.45 percent to 737p.

    Energy-related shares were mixed as well.

    Electricity generator British Energy (LSE: BGY) turned in the best performance on the 100 with a gain of 6.55 percent to 520.5p, but electric power transmitter National Grid (LSE: NG) was 2.38 percent lower to 759p.

    Elsewhere, water utility Kelda Group (LSE: KEL) fell 3.08 percent to 864.5p.

    Miners were also mixed.

    Vedanta Resources (LSE: VED) added 3.39 percent to £21.35 on the 100, while over on the 250 gold miner Randgold (LSE: RRS; NAS: GOLD) was the worst performer on the 250 with a decline of 4.34 percent to £15.21.

    Back on the 100, do-it-yourself retailer Kingfisher (LSE: KFG) fell 3.48 percent to 174.7 for the worst day on the blue-chip index.

    Sports retailer JJB (LSE: JJB) was also lower, dropping 3.01 percent to 145p.

    PartyGaming (LSE: PRTY) was up 9.47 percent to 26p for the best performance on the 250.

    The London Stock Exchange (LSE: LSE) was up 6.7 percent to £18.

    Tullow Oil (LSE: TLW; OTC: TUWLY) was also higher, with a gain of 5.84 percent to 607p.

    Property developer Daejan Holdings (LSE: DJAN) jumped 6.38 percent to £40.17.





    September 19, 2007

    Miners post big gains in London

    Filed under: Companies, Paragon, Northern Rock, BAT, Xstrata, Anglo American, Kazakhmys, Rio Tinto, Antofagasta, BHP Billiton, Bradford & Bingley, Randgold, Vedanta Resources, Imperial Tobacco, Bluebay

    Miners were the big gainers in London on Wednesday, where the FTSE 100 gained 2.81 percent to 6,460 and the FTSE 250 was 3.09 percent higher to 11,136.3.

    The five biggest gainers on the 100 were all in the mining sector, where gains came on hopes that the US interest rate cut will help prop up demand for metals.

    Anglo American (LSE: AAL) had the best day on the 100, with a gain of 8.27 percent to £31.29.

    Vedanta Resources (LSE: VED) was 7.74 percent higher to £20.73, while Kazakhmys (LSE: KAZ) was up 7.07 percent to £14.23, Xstrata (LSE: XTA) added 6.76 percent to £30.50 and Antofagasta (LSE: ANTO) gained 6.71 percent to 787p.

    Elsewhere in the sector, BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was up 6.3 percent to £16.27 and Rio Tinto (LSE: RIO) was 5.8 percent higher to £39.47.

    Over on the 250, gold miner Randgold (LSE: RRS; NAS: GOLD) jumped 9.37 percent to £15.64.

    Financial services group Bluebay (LSE: BBAY) had the best day on the 250, adding 20.58 percent to 470.25p.

    Mortgage lenders also had a good day with Paragon (LSE: PAG) up 9 percent to 327p, while Bradford & Bingley (LSE: BB) gained 10.9 percent to 328p.

    Northern Rock (LSE: NRK) dropped again, however, dropping 16.01 percent to 257p for the worst performance on the 100, on rumors that it has received a bid and could be sold for less than market value.

    The tobacco sector was also lower on the session.

    Imperial Tobacco Group (LSE: IMT) was 0.14 percent lower to £22.07, while British American Tobacco (LSE: BATS; AMEX: BTI; KLSE: BAT) was down 0.3 percent to £16.85.





    September 7, 2007

    FTSE 100, 250 each lose nearly 2 percent

    Filed under: Companies, BA, British Land, British Energy, BAE Systems, Hammerson, Randgold, Old Mutual, Sage, Punch Taverns, Domestic & General

    London’s markets were down nearly as much as continental markets.

    The FTSE 100 was down 1.93 percent to 6,191.2, while the FTSE 250 fell 1.97 percent to 11,107.7.

    Software developer Sage Group (LSE: SGE) led the 100 with a gain of 1.78 percent to 243p, while insurer Domestic & General (LSE: DGG) topped the 250 as it added 10.28 percent to £13.94.

    However, the insurance sector ended mixed as Old Mutual (LSE: OML; JSE: OLOML) put in the worst performance of the day on the 100, dropping 5.25 percent to 146.2p.

    Other gainers on the day included aerospace group BAE Systems (LSE: BA; OTC; BAESY), which added 1 percent to 452.5p on a report that it has secured a key contract with Saudi Arabia.

    Electricity generator British Energy Group (LSE: BGY) at a gain of 0.7 percent to 468.25p.

    Gold miner Randgold (LSE: RRS; NAS: GOLD), meanwhile, added 8.08 percent to £14.04 on the 250.

    Property developers and investors didn’t do well on the session. Hammerson (LSE: HMSO) was 4.54 percent lower to £12.20, while British Land (LSE: BLND) fell 5.03 percent to £12.26.

    British Airways (LSE: BAY; NYSE: BAB) was down 4.96 percent to 397.25p.

    Pubs operator Punch Taverns (LSE: PUB) dropped 4.8 percent to £10.32 after it issued a profits warning.





    September 6, 2007

    Miners lead FTSE 100, 250

    Filed under: Companies, Northern Rock, BG Group, Tullow Oil, Standard Chartered, Rio Tinto, BHP Billiton, Lonmin, Legal & General, Randgold, Vedanta Resources, Drax Group, Benfield Group

    London’s markets saw gains Thursday as the FTSE 100 added 0.68 percent to 6,313.3 and the FTSE 250 gained 0.27 percent to 11,330.8 after the Bank of England‘s Monetary Policy Committee held interest rates steady as well.

    Companies related to commodities filled all five top spots on the 100 and two of the top five places on the 250, including the best performance there.

    Rio Tinto (LSE: RIO) had the best day on the 100 with a gain of 5.42 percent to £37.16.

    Elsewhere in the mining sector Lonmin (LSE: LMI) was 4.71 percent higher to £33.79, while BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) gained 3.95 percent to £14.73 and Vedanta Resources (LSE: VED) was up 3.41 percent to £19.10.

    In the oil sector, BG Group (LSE: BG; NYSE: BG) added 4.83 percent to 824.5p.

    Over on the 250, gold miner Randgold (LSE: RRS; NAS: GOLD) was 6.21 percent higher to £12.99 for the best performance on the 250.

    Tullow Oil (LSE: TLW; OTC: TUWLY) was 4.26 percent higher to 562.5p.

    The worst performance on the day on the 100 came from electricity generator Drax Group (LSE: DRX), which fell 5.63 percent to 637.5p.

    Banks were also lower, with Standard Chartered (LSE: STAN; SEHK: 2888) down 2.11 percent to £14.85 and Northern Rock (LSE: NRK) dropping 3.03 percent to 672p.

    Elsewhere among financial services groups, insurer Legal & General Group (LSE: LGEN) fell 2.34 percent to 138p.

    The worst performer on the 250 was reinsurer Benfield Group (LSE: BFD), which was 5.48 percent lower to 289p.





    May 12, 2006

    London markets drop on mines

    Filed under: Companies, BG Group, Schroders, Anglo American, Kazakhmys, Rio Tinto, Antofagasta, Rolls Royce, British Energy, Amvescap, Randgold, Man Group, ICI

    London equities markets were down substantially on Friday, with the FTSE 100 seeing its worst day in two years, dropping 2.2 percent to 5,912.1 and the FTSE 250 falling even more, by 2.6 percent to 9,811.8. The declines were a result of sell-offs in commodity and energy related stocks. The continued weakness of the US dollar was also a factor in declines in some sectors.

    In the energy sector, BG Group dropped 3.6 percent, while British Energy declined by 2.9 percent to 665p.

    Among miners, some losses were substantial. Mid-cap gold miner Randgold lost 11.6 percent to £11.96. Anglo American was down 4.8 percent to £24.25, while Antofagasta dropped 4.4 percent to £24.42. Rio Tinto declined by 4.2 percent and Kazakhmys was down by 4 percent to £13.35.

    Fund managers were mixed, with those with substantial US exposure among the losers. Amvescap was down 3.4 percent to 571p. Man Group lost 2.4 percent to £25.28. Among gainers in the sector, Schroeders added 2.5 percent to £11.56 on an upgrade from “hold” to “buy” from Citigroup, which set its target share price at £12.80.

    The weakness of the greenback in relation to sterling hurt companies that earn part of their revenues in dollars. Engine maker Rolls-Royce dropped 3.9 percent to 443¼p, while chemical company ICI was down 1.7 percent to 384½p.





    March 30, 2006

    Miners push FTSE back over 6,000

    Filed under: Companies, RBS, Xstrata, Kazakhmys, Rio Tinto, Antofagasta, Aquarius Platinum, Alliance & Leicester, Wm Morrison, London Stock Exchange, Randgold, Vedanta Resources

    In London on Thursday, the FTSE 100 again rose above the 6,000 level to close at 6,015.2, a gain of 0.9 percent that allowed the index to finish recouping the 100 points it lost earlier in the week. The FTSE 250 was also up on the day, gaining 0.4 percent to 9,855.1. Trading volume was at 3.2 billion shares.

    Mining stocks played a big part in the day’s gains as Kazakhmys reported in its full-year earnings results that rising copper prices allowed its profits to rise by 53.2 percent, sending its shares up 9.3 percent on the day to £10.42. These results helped out the rest of the sector, with some miners finding record high share prices. Rio Tinto added 5.3 percent to close at a record £29.81. Xstrata also recorded a new high share prices of £18.92, a gain of 4.9 percent on the day. Antofagasta, also helped by rising copper prices, was up 5 percent to £21.60.

    Mid-cap miners were also up. Randgold advanced by 7.4 percent to £10.44, while Aquarius Platinum gained 2.2 percent to 797½p. Vedanta Resources gained 7.1 percent to £13.76 had some saying that it might be picked up by the FTSE 100 in June.

    Banks were up as well, as bid rumors continued to make the rounds. Alliance & Leicester added 2.3 percent to £12.17 on a report that Credit Agricole’s informal approach had been rejected as A&L looked for a higher bid. Spanish bank Banco Santander Central has also been said to be interested. Meanwhile, Royal Bank of Scotland gained 2.3 percent as well, to £18.95, as talk continued that it could soon attract a bid.

    Among decliners on the day were the London Stock Exchange, which lost 6.8 percent when Nasdaq withdrew its bid for the exchange, saying that the LSE’s stock was overpriced in hopes of triggering a bidding war. Also down was William Morrison Supermarkets, losing 0.8 percent to 192½p on the news that the company’s chairman had sold 227,000 shares on 24 March, taking his stake in the company down to about 10.1 percent.





    Latest Equities News:

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