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London close: Footsie edges forward
Wed, 08 Feb, 2012
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London close: Footsie edges forward
Fri, 12 Mar 2010, 17:00:00
The leading share index limped higher to into the weekend only a few points ahead on the week. <b>Lloyds, Royal Bank of Scotland and Barclays</b> gained. Life groups <b>Old Mutual, Legal & General and Standard Life</b> are also in demand. <b>HSBC</b> was the exception among the financials after Goldman Sachs reduced its view to 'neutral' and removed it from its conviction-buy list saying it was puzzled by its weak performance relative to Standard Chartered. <b>BSkyB</b> was wanted on talk that Rupert Murdoch is planning to the take the satellite broadcaster private. The Aussie/US tycoon owns 40% of BSkyB already. Analysts were sceptical of the rumour, though apparently there has been a large buyer for the shares recently. Housebuilders are strong on repeated chatter that consolidation is imminent. <b>Barratt</b> is the name mentioned most often, but the others are strong as well as today. <b>Bovis</b>, <b>Taylor Wimpey</b> and <b>Berkeley</b> are higher. In company news, global pharmaceuticals leviathan <b>GlaxoSmithKline</b> has dumped its remaining 4.5% holding in former subsidiary Maxygen. Glaxo said it no longer owns any shares in the US-based protein drug developer after selling its entire holding of 1.433m shares. <b>Liberty</b> has confirmed rumours it is talking to potential buyers after receiving approaches to take over the 134-year-old luxury department store group. Emissions exchange operator <b>Climate Exchange</b> saw 2009 revenues grow strongly to £33.61m from £22.78m in 2008, but sales were below expectations of £34.32m. The company swung back into the black, with a pre-tax profit of £2.15m, compared to a loss of £2.54m the year before, but analysts had been expecting a profit of £2.59m. Nightclub operator <b>Luminar</b> has instigated a 'rigorous' cost cutting plan after the recent cold snap added to what were already weak sales. For the financial year as a whole, same outlet sales were 9.9% below the previous year as a direct result of a reduction in customer numbers, it said. Upmarket cooker manufacturer <b>Aga</b> moved back in the black as sales picked up in the second half of the year. The group posted a profit of £0.5m for 2009, down from £14.4m last time, but a recovery from £2.4m loss at half-way. Sales for the year dropped from £279m to £245m. <b>Dragon Oil</b> has completed and carried out initial testing of the Dzheitune (Lam) A/142 and 13/143 development wells in Turkmenistan, its first two of the year. <b>Yule Catto</b>'s joint venture subsidiary, Revertex (Malaysia) has exchanged conditional contracts with HB Fuller Company for the sale of adhesives business Revertex Finewaters. Shares in <b>Discovery Metals</b> were wanted Friday after the miner published the assay results from drilling at the Boseto Copper Project located in north-west Botswana. Europe-focused oil exploration company <b>Nautical Petroleum</b> has secured the use of a rig for the drilling of the Catcher prospect in the UK Central North Sea. Drilling on the well, located in block 28/9, is expected to start in May. A sea-bed survey in January indicated that the well can be drilled using a heavy duty jack-up rig, and the use of just such a rig has now been secured. <b>FTSE 100 - Risers</b> British Sky Broadcasting Group (BSY) 598.00p +5.00% Royal Bank of Scotland Group (RBS) 42.57p +4.98% Eurasian Natural Resources (ENRC) 1,173.00p +4.55% Inmarsat (ISAT) 791.50p +3.94% Lloyds Banking Group (LLOY) 58.47p +3.41% Petrofac Ltd (PFC) 1,240.00p +3.25% Wolseley (WOS) 1,676.00p +2.76% Thomas Cook Group (TCG) 254.20p +2.46% Barclays (BARC) 351.85p +2.36% Intertek Group (ITRK) 1,410.00p +2.32% <b>FTSE 100 - Fallers</b> Resolution (RSL) 72.45p -1.56% HSBC Holdings (HSBA) 684.00p -1.53% Standard Life (SL.) 211.60p -1.49% Kingfisher (KGF) 221.00p -1.21% SABMiller (SAB) 1,874.00p -1.16% Scottish & Southern Energy (SSE) 1,124.00p -1.14% Imperial Tobacco Group (IMT) 2,078.00p -1.09% Sainsbury (J) (SBRY) 332.70p -0.89% Unilever (ULVR) 1,958.00p -0.81% G4S (GFS) 281.30p -0.78% <b>FTSE 250 - Risers</b> Intermediate Capital Group (ICP) 271.00p +5.45% Taylor Wimpey (TW.) 39.30p +4.80% Bodycote (BOY) 198.50p +4.36% Gem Diamonds (GEMD) 250.40p +4.33% Melrose (MRO) 217.40p +4.12% JKX Oil & Gas (JKX) 283.60p +4.07% SIG (SHI) 126.60p +3.94% Pace (PIC) 193.60p +3.92% Enterprise Inns (ETI) 123.00p +3.89% QinetiQ Group (QQ.) 138.10p +3.83% <b>FTSE 250 - Fallers</b> PayPoint (PAY) 361.90p -4.51% Shanks Group (SKS) 100.00p -3.85% Dignity (DTY) 665.00p -1.92% Electra Private Equity (ELTA) 1,335.00p -1.84% Regus (RGU) 87.40p -1.80% Fidessa (FDSA) 1,420.00p -1.73% International Personal Finance (IPF) 231.30p -1.57% Rightmove (RMV) 658.00p -1.35% Interserve (IRV) 222.40p -1.16% TR Property Inv Trust Sigma Shares (TRYS) 68.65p -1.08%
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