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    October 29, 2007

    Miners gain, house builders see declines

    Filed under: Companies, Anglo American, Kazakhmys, BHP Billiton, Aquarius Platinum, Hammerson, Bovis Homes Group, Barratt Developments, Daejan Holdings, Taylor Wimpey, Talvivaara Mining Company

    In London on Monday, the FTSE 100 gained 0.67 percent to 6,076 and the FTSE 250 added 0.38 percent to 11,552.8.

    Miners saw gains after JPMorgan Chase upped its target share prices on BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) and Anglo American (LSE: AAL).

    BHP, with its target share price hiked to £20.71, was 1.4 percent higher on the session to £18.68, while Anglo American jumped 3.3 added to £33.52 on a new target share price of £32.84.

    Elsewhere in the sector Kazakhmys (LSE: KAZ) gained 3.42 to £15.14, Vedanta Resources (LSE: VED) was up 3.43 percent to £22.30.

    Over on the 250, Finland-based miner Talvivaara Mining Company (LSE: TALV) added 6.16 percent to 297.25p while Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) had the best day on the 250 as it jumped 7.05 percent to £19.12.

    The big losers on the session were house builders and property developers.

    On the 100, Hammerson (LSE: HMSO) dropped 2.83 percent to £10.29 while Barratt Developments (LSE: BDEV) was down 3.07 percent to 631p. Taylor Wimpey (LSE: TW) had the worst day on the 100, falling 3.56 percent to 230.5p.

    Over on the 250, Daejan Holdings (LSE: DJAN) was 3.26 percent lower to £34.14 and Bovis Homes (LSE: BVS) dropped 3.43 percent to 634p.





    October 18, 2007

    House builders, property developers down in London

    Filed under: Companies, DSG international, Hammerson, Mitchells & Butlers, Wolseley, Smith & Nephew, Barratt Developments, St Modwen, Rexam, Sports Direct, Taylor Wimpey, Quintain Estates & Development, Brixton

    In London on Thursday, the FTSE 100 dropped 1.02 percent to 6,609.4 and the FTSE 250 was 1.1 percent lower to 11,411.6.

    House builders and property developers and investors did poorly on both indices.

    Investor and developer Brixton (LSE: BXTN) was down 4.42 percent to 345.75p, while Hammerson (LSE: HMSO) was 4.74 percent lower to £10.66.

    Quintain Estates & Development (LSE: QED) dropped 4.87 percent to 673.5p and St. Modwen Properties (LSE: SMP) fell 4.9 percent to 480.75p.

    Builder and developer Barratt Developments (LSE: BDEV) was down 5.12 percent to 658.5 while Taylor Wimpey (LSE: TW) dropped 5.15 percent to 253.25.

    In addition, building materials group Wolseley (LSE: WOS) was 4.57 percent lower to 786p.

    The biggest loser on the 100, however, was consumer electronics retailer DSG International (LSE: DSGI), which fell 8.75 percent to 124.1p after it reported that first half profits were hurt by poor sales.

    Elsewhere in the retail sector, sporting goods retailer Sports Direct (LSE: SPD) dropped 5.11 percent to 148.5p.

    Medical devices manufacturer Smith & Nephew (LSE: SN) turned in the best performance on the 100 with a gain of 2.67 percent to 615p.

    Other gainers included beverage cans maker Rexam (LSE: REX), which was up 1.99 percent to 538p and pubs operator Mitchells & Butlers (LSE: MAB) with a gain of 1.58 percent to 641p.





    October 12, 2007

    Virgin Group rumored to be planning Northern Rock rescue

    Filed under: Companies, Northern Rock, BP, Dana Petroleum, Rank Group, Persimmon, Barratt Developments, Hunting, Taylor Wimpey, Moneysupermarket.com

    In London the FTSE 100 added 0.09 percent to 6,730.7, but the FTSE 250 dropped 0.4 percent to 11,576.3.

    Northern Rock moved back into the gainers column with the best day on the 100, adding 5.91 percent to 273.25p on the possibility that Virgin Group is looking at a rescue of the troubled bank.

    The oil sector was mixed on the session.

    Dana Petroleum (LSE: DNX) was 3.66 percent higher to £13.04 and BP (LSE: BP; NYSE: BP; TYO: 5051) was up 4.3 percent to 619p, but Hunting (LSE: HTG) dropped 3.58 percent to 755p.

    Online price comparison site Moneysupermarket.com (LSE: MONY) led the 250 with a gain of 4.8 percent to 191p.

    The biggest loser on the 250 was holding company Rank Group (LSE: RNK), which fell 21.38 percent to 125p on the session.

    House builders were still feeling the pain of Thursday’s new data showing that home prices fell again in September.

    Persimmon (LSE: PSN) was 2.69 percent lower to 976p, while Barratt Developments (LSE: BDEV) was down 3.19 percent to 699p and Taylor Wimpey (LSE: TW) dropped 3.27 percent to 281.25p.





    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.





    October 3, 2007

    Northern Rock gains on takeover rumors

    Filed under: Companies, Northern Rock, PartyGaming, Alliance & Leicester, Vodafone, Cable and Wireless, Royal & Sun Alliance, Carphone Warehouse, Old Mutual, Punch Taverns, Home Retail, Sports Direct, Close Brothers Group, Taylor Wimpey

    London’s markets saw gains as well, with the FTSE 100 adding 0.54 percent to 6,535.2 and the FTSE 250 was up 1.15 percent to 11,360.2.

    Northern Rock (LSE: NRK) led the 100 with a gain of 11.95 percent to 151.8p on rumors that a US private equity group has arranged funding for a possible takeover.

    Alliance & Leicester (LSE: AL) was also higher, adding 7.06 percent to 880p.

    But the banking sector was not universally higher.

    Merchant bank Close Brothers Group (LSE: CBG) was down 3.47 percent to 794p for the worst day on the 250.

    The insurance sector was also mixed.

    While Old Mutual (LSE: OML; JSE: OLOML) was up 4.74 percent to 168p, Royal Sun & Alliance (LSE: RSA) was 1.73 percent lower to 153.1p.

    Other gainers included house builders Taylor Wimpey (LSE: TW), which added 4.16 percent to 300.75p, and pubs operator Punch Taverns (LSE: PUB) with a gain of 3.87 percent to £10.46.

    PartyGaming (LSE: PRTY) was 7.83 percent higher to 31p to lead the 250 on the session.

    The worst performance of the day on the 100 came from the telecommunications sector as Vodafone (LSE: VOD; NYSE: VOD; FWB: VOD) dropped 2.51 percent to 171.1p.

    Elsewhere in the sector, Cable & Wireless (LSE: CW) was 1.65 percent lower to 185.2p.

    Retailers had a difficult day of it.

    Sporting goods retailer Sports Direct (LSE: SPD) fell 3.43 percent to 133.75, while Carphone Warehouse (LSE: CPW) was down 1.52 percent to 340.75p and Home Retail (LSE: HOME) was 2.27 percent lower to 398.25p.





    September 27, 2007

    UK banks see gains

    Filed under: Companies, Northern Rock, Tullow Oil, PartyGaming, Kazakhmys, Aquarius Platinum, Alliance & Leicester, Vedanta Resources, JKX Oil & Gas, HBOS, Compass Group, Standard Life, Taylor Wimpey

    In London on Thursday the FTSE 100 added 0.83 percent to 6,486.4 and the FTSE 250 was up 1.38 percent to 11,039.5.

    Banks were higher on the 100.

    HBOS (LSE: HBOS) gained 4.93 percent to 916p, while Northern Rock (LSE: NRK) was 6.32 percent higher to 193.5p.

    Alliance & Leicester (LSE: AL) had the best day on the blue chip index as it added 8.46 percent to 795p.

    Insurer Standard Life (LSE: SLET) was also higher, gaining 5.91 percent to 291.25p.

    House builder Taylor Wimpey (LSE: TW) jumped 6.59 percent to 275p.

    Over on the 250, online gambler PartyGaming (LSE: PRTY) put in the best performance as it added 7.41 percent to 29p.

    Commodity-related sectors didn’t have as good a day.

    Among miners, Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) had the worst day on the 250 with a decline of 7.09 percent to £17.31.

    Over on the 100, Vedanta Resources (LSE: VED) fell 2.47 percent to £20.57 and Kazakhmys (LSE: KAZ) was down 1.69 percent to £14.55.

    In the oil sector, Tullow Oil (LSE: TLW; OTC: TUWLY) was 1.93 percent lower to 585p.

    JKX Oil & Gas (LSE: JKX) dropped 3.34 percent to 333p.

    Caterer Compass Group (LSE: CPG) had the worst day on the 100, where it fell 2.97 percent to 310.75p.





    September 25, 2007

    Miners lead FTSE 100 lower

    Filed under: Companies, Northern Rock, Antofagasta, Lonmin, Scottish & Southern Energy, National Grid, Hammerson, Vedanta Resources, Drax Group, Severfield-Rowen, Taylor Wimpey, Alfred McAlpine, Wellstream

    London’s markets also declined, with the FTSE 100 down 1.07 percent to 6,396.9 and the FTSE 250 closing at 10,853.2, a drop of 1.7 percent.

    Miners dropped as metals prices declined.

    Vedanta Resources (LSE: VED) had the worst day on the 100 as it fell 6.49 percent to £20.90, while Antofagasta (LSE: ANTO) dropped 6.35 percent to 789.5p and Lonmin (LSE: LMI) was 5.35 percent lower to £32.02.

    Northern Rock (LSE: NRK) had another down day, falling 5.17 percent to 163.10 as it said it won’t pay a dividend it had promised to investors.

    House builder Taylor Wimpey (LSE: TW) was down 5.72 percent to 255.5p.

    Property developer Hammerson (LSE: HMSO), on the other hand, added 1.06 percent to £11.40.

    Electric power transmitter National Grid (LSE: NG) had the best day on the 100 with a gain of 2.5 percent to 780p, while Scottish & Southern Energy (LSE: SSE; OTC: SSEZY) added 1.38 percent to £14.73.

    Over on the 250, electricity generator Drax Group (LSE: DRX) was 2.38 percent higher to 602p.

    Natural gas utility Wellstream (LSE:WSM) gained 10.79 percent to 770p for the best day on the 250.

    Construction groups were mixed.

    Alfred McAlpine (LSE: MCA) was up 2.83 percent to 449.5p but Severfield-Rowen (LSE: SFR) was 6.65 percent lower to £21.05.





    September 24, 2007

    Developers, house builders see declines

    Filed under: Companies, Northern Rock, Xstrata, PartyGaming, Antofagasta, BHP Billiton, Aquarius Platinum, Vedanta Resources, Wolseley, Barratt Developments, Redrow, Beazley Group, Taylor Wimpey, Brixton, Merrill Lynch World Mining Trust

    London’s equities markets were mixed on Monday.

    The FTSE 100 was 0.14 percent higher to 6,465.9, but the FTSE 250 fell 0.49 percent to 11,040.8.

    Northern Rock (LSE: NRK) had another bad day, leading the losers on the 100 with a decline of 11.48 percent to 172p.

    House builders and related businesses were lower on both indices. Developer and house builder Barratt Developments (LSE: BDEV) dropped 4.64 percent to 749.5p, while real estate investor and manager Brixton (LSE: BXTN) was down 4.98 percent to 358p.

    House builder Taylor Wimpey (LSE: TW) was 5.82 percent lower to 271p, while Redrow (LSE: RDW) fell 5.96 percent to 394.5p.

    Meanwhile, building materials group Wolseley (LSE: WOS) dropped 4.83 percent to 807.5p on quarterly profits that were lower due to the slump in the US housing market.

    Miners were higher on the session.

    Antofagasta (LSE: ANTO) led the 100 with a gain of 6.64 percent to 843p, while Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) turned in the best performance on the 250 as it added 6.56 percent to £18.53.

    Elsewhere in the sector BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was up 5.68 percent to £17.50, while Vedanta Resources (LSE: VED) was 4.68 percent higher to £22.35 and Xstrata (LSE: XTA) jumped 4.61 percent to £32.89.

    Investors Merrill Lynch World Mining Trust (LSE: MWM) gained 3.99 percent to 652p.

    In the insurance sector, special risks insurer Beazley Group (LSE: BEZ) was up 3.91 percent to 179.5p.

    Online gambler PartyGaming (LSE: PRTY) added 4.81 percent to 27.25p.





    September 12, 2007

    BAE Systems adds over 3 percent on session

    Filed under: Companies, BAT, Tullow Oil, Reckitt Benckiser, BAE Systems, Legal & General, Johnson Matthey, SAB Miller, Carphone Warehouse, Rentokil Initial, Standard Life, Home Retail, Taylor Wimpey, International Personal Finance, AMEC

    London’s markets were higher Wednesday, with the FTSE adding 0.41 percent to 6,306.2 and the FTSE 250 gaining 0.07 percent to 11,219.7.

    Aerospace and defense group BAE Systems (LSE: BA) had the best day on the 100, adding 3.18 percent to 478.25p, while engineering and construction firm AMEC (LSE: AMEC) was the best performer on the 250 with a gain of 4.5 percent to 731.5p.

    The chemicals sector was higher.

    Johnson Matthey (LSE: JMAT) was up 2.3 percent to £16.03, while Reckitt Benckiser (LSE: RB) added 2.74 percent to £27.39.

    British American Tobacco (LSE: BATS; AMEX: BTI; KLSE: BAT) gained 2.57 to £16.79, which consumer goods retailer Home Retail (LSE: HOME) was up 2.5 percent to 410.75p.

    Carphone Warehouse (LSE: CPW) added 3.38 percent to 352p on the news that it will jump from the 250 to the 100 beginning on September 24.

    Tullow Oil (LSE: TLW) and Taylor Wimpey (LSE: TW) will also reportedly be promoted to the 100. Insurers saw declines on the day.

    Standard Life (LSE: SLET) fell 1.2 percent to 288.75p, while Legal & General (LSE: LGEN) was the worst performer on the 100 with a drop of 2.27 percent to 133.4p.

    Pest control group Rentokil Initial (LSE: RTO; OTC: RTOKY) was 1.29 percent lower to 168.7p, while media group ITV fell 1.51 percent to 111p after it said it would sell assets and cut jobs to increase core output.

    Brewer SAB Miller (LSE: SAB) was down 1.7 percent to £13.28.

    The biggest loser on the 250 was International Personal Finance (LSE: IPF), with a decline of 4.78 percent to 224.25.





    August 6, 2007

    House builders see gains

    Filed under: Companies, BAT, Anglo American, Kazakhmys, Rio Tinto, BHP Billiton, Lonmin, Aquarius Platinum, HMV Group, Wm Morrison, Persimmon, Standard Life, Punch Taverns, Ashmore, Taylor Wimpey, Alfred McAlpine, Invesco

    In London on Monday, the FTSE 100 was 0.57 percent lower to 6,189.1 and the FTSE 250 fell 1.67 percent to 10,998.8.

    Standard Life (LSE: SLET) was the biggest gainer on the 100, adding 3.03 percent to 315p on consolidation hopes within the sector.

    Builder Alfred McAlpine (LSE: MCA) did the best on the 250 with a gain of 4.7 percent to 484.5p.

    Other gainers on the session included the house building sector, where Persimmon (LSE: PSN) was up 1.93 percent to £11.64 and Taylor Wimpey (LSE: TW) added 2.18 percent to 339.75p.

    British American Tobacco (LSE: BATS; AMEX: BTI; KLSE: BAT) was 2.4 percent higher to £16.12, while music retailer HMV Group (LSE: HMV) gained 4.7 percent to 118.25p.

    The biggest loser on the day on the 100 was platinum miner Lonmin (LSE: LMI), which fell 4.81 percent to £30.85.

    Aquarius Platinum (LSE: LSE: AQP; ASX:AQP; JSE:AQP) did even worse on the 250, dropping 5.56 percent to £12.90.

    Elsewhere in the mining sector BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) dropped 2.98 percent to £13.33, while Kazakhmys (LSE: KAZ) fell 2.93 percent to £11.94, Anglo American (LSE: AAL) was 2.68 percent lower to £26.85 and Rio Tinto (LSE: RIO) was down 1.33 percent to £32.19.

    Investment trust Ashmore (LSE: ASHM) did the worst on the 250, falling 8 percent to 204p.

    Other decliners on the session included supermarket chain Wm Morrison (LSE: MRW), which dropped 3.6 percent to 274.25p.

    Pubs operator Punch Taverns (LSE: PUB) fell 3.36 percent to £10.36 and investment management group INVESCO (LSE: AVZ; NYSE: IVZ) was 3.15 percent lower to 585p on its exposure to the US housing sector.





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