| CATEGORY: MARKET REPORT - MIDMORNING SECTOR: BANKS |
London mid-morning: Early gains extended |
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Wed 26 May 2010
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Market Movers
techMARK 1,521.70 +1.41%
FTSE 100 5,035.42 +1.92%
FTSE 250 9,379.23 +2.07%
LONDON (SHARECAST) - Shares have continued their strong start to the day and the FTSE 100 now sits nearly 100 points higher, above the 5,000 point mark.
Banks and miners are leading the recovery having been the worst affected by yesterday's sell-off. Lloyds, Royal Bank of Scotland and Barclays are all well ahead.
Kazakhmys and Rio Tinto are the best of the miners. Rio Tinto chief executive Tom Albanese upped the pressure on the Australian government over its proposed resources "Super-Tax" as he said it is the "number one sovereign risk" faced by the company anywhere in the world.
Cable&Wireless Worldwide, demerged from Cable & Wireless in March, is in demand after it posted earnings in line with forecasts and says market conditions are improving. EBITDA was up to £431m for the year to 31 March from £326m in 2009. Revenue was little changed at £2.265bn.
Luxury retailer Burberry revealed a 23% increase in full year adjusted pre-tax profit as it opened more shops and saw strong growth in raincoats and shoes. Profit rose to £214.8m for the year ended 31 March from £174.6m a year ago. Sales were up 7% to £1.3bn. The full year dividend jumps 17%.
Stockbroker and investment manager Brewin Dolphin saw profits and funds under management move ahead at the half-way stage. Interim profit before tax rose 37% to £15.2m, while total managed funds grew to £23bn at the end of March from £20.5bn at the end of last September. "At this stage there is every indication that the performance of our business will continue to be resilient," said executive chairman Jamie Matheson.
Bookmaker William Hill is to stop taking business from clients resident in France after laws in the country changed. William Hill added its online joint venture William Hill Online is considering whether to apply for a licence to offer permitted online gambling products to French residents.
Engineering software maker Aveva reported a decline in annual profit as a weak global shipping market drove down demand. "Economic uncertainty triggered a reduction in new licence sales, a trend that was particularly pronounced in the Marine market in Asia," the group said.
Capital & Counties Properties, the property company spun off from Liberty International, has appointed architects Terry Farrell & Partners to work on a masterplan for the Earls Court site in London. Capital & Counties Properties, in conjunction with Transport for London (TfL) and the London Borough of Hammersmith & Fulham, made the appointment after an international masterplanner competition.
FTSE 100 - Risers
Kazakhmys (KAZ) 1,140.00p +6.34%
Lonmin (LMI) 1,658.00p +6.21%
Eurasian Natural Resources (ENRC) 961.00p +6.13%
Antofagasta (ANTO) 866.50p +5.74%
Lloyds Banking Group (LLOY) 53.40p +5.70%
Rio Tinto (RIO) 3,016.00p +5.60%
Xstrata (XTA) 970.10p +5.50%
Petrofac Ltd. (PFC) 1,052.00p +4.99%
Burberry Group (BRBY) 643.00p +4.98%
Barclays (BARC) 297.65p +4.88%
FTSE 100 - Fallers
National Grid (NG.) 482.80p -3.43%
International Power (IPR) 283.90p -1.76%
United Utilities Group (UU.) 520.50p -1.51%
Next (NXT) 2,004.00p -0.55%
TUI Travel (TT.) 222.90p -0.40%
Sainsbury (J) (SBRY) 313.10p -0.16%
AstraZeneca (AZN) 2,811.00p -0.09%
BAE Systems (BA.) 317.50p -0.06%
Cobham (COB) 226.60p +0.04%
BP (BP.) 485.60p +0.08%
FTSE 250 - Risers
Afren (AFR) 86.05p +8.72%
Punch Taverns (PUB) 69.95p +7.37%
IMI (IMI) 620.00p +7.27%
Ferrexpo (FXPO) 234.60p +7.12%
Hansen Transmissions International (HSN) 94.50p +6.84%
Cookson Group (CKSN) 443.90p +6.63%
Gartmore Group (GRT) 123.40p +6.47%
Morgan Crucible (MGCR) 178.30p +6.45%
Petropavlovsk (POG) 1,170.00p +6.36%
Yell Group (YELL) 35.19p +6.35%
FTSE 250 - Fallers
Ecofin Water & Power Opportunities (ECWO) 129.50p -3.36%
Trinity Mirror (TNI) 97.85p -3.31%
Moneysupermarket.com (MONY) 61.10p -2.78%
BH Global USD Shares (BHGU) 10.91 -2.50%
TR Property Inv Trust Sigma Shares (TRYS) 59.25p -2.07%
3i Infrastructure (3IN) 110.20p -2.04%
AG Barr (BAG) 940.00p -1.98%
Stobart Group Ltd. (STOB) 142.20p -1.93%
Fidessa (FDSA) 1,264.00p -1.63%
Hansteen Holdings (HSTN) 64.45p -1.60%
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| LLOY - Lloyds Banking Group |
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| Latest Prices |
| Name |
Price |
% |
| Lloyds Banking Group |
72.27p |
+1.11% |
| Royal Bank of Scotland Group |
46.10p |
+0.66% |
| Barclays |
312.40p |
-0.98% |
| Kazakhmys |
1,249.00p |
+1.05% |
| Rio Tinto |
3,483.00p |
-0.51% |
| Cable & Wireless Worldwide |
69.60p |
-3.27% |
| Burberry Group |
859.00p |
+0.47% |
| Brewin Dolphin |
122.50p |
+0.62% |
| William Hill |
174.90p |
+3.74% |
| Aveva Group |
1,465.00p |
0.00% |
| Capital & Counties Properties |
123.90p |
+3.34% |
| |
| FTSE 100 |
5,367 |
+0.02% |
| FTSE 250 |
10,147 |
+0.85% |
| FTSE 350 |
2,833 |
+0.13% |
| FTSE All-Share |
2,771 |
+0.14% |
| FTSEurofirst 300 |
1,055 |
-0.09% |
| techMARK |
1,672 |
+0.28% |
| techMARK 100 |
1,841 |
+0.67% |
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