LONDON STOCK EXCHANGE DAILY MARKET SUMMARY
AND ANALYSIS (Late Edition) ARCHIVES

<---D110--->

Market Summary and Analysis for Friday June 8th. 2001

FTSE 100: 5950.6   +2.3

FTSE 250:  6678.5  +10.2

FTSE A/S: 2881.26  +1.93

TechMARK 100: 2065.00   +7.78

SUMMARY

The London Stock Exchange (LSE) closed higher, but lower than expected after Juniper Networks issued an earnings warning. Gainers included: Alliance & Leicester, Amvescap Plc, ARM Holdings Plc, Astrazeneca, BAA Plc, Bass Plc, Billiton Plc, Blue Circle Industries Plc, BP Amoco Plc, British American Tobacco, British Airways, British Telecom, BskyB Plc, Cadbury Schweppes Plc, Canary Wharf Plc, Carlton Communications Plc, Celltech Group Plc, Colt Telecom Plc, Daily Mail & General Trust, Diageo Plc, Dimension Data Plc, Electrocomponent Plc, Electronic Boutique, EMI Group Plc, Future Network, Granada Plc, GUS Plc, Hilton Group Plc, HSBC Holdings Plc, J Sainsbury Plc, Imperial Tobacco, Legal & General, Logica Plc, Marks & Spencer, Misys Plc, National Grid, Old Mutual Plc, Pearson Plc, Powergen Plc, Prudential Plc, Railtrack, Reckitt Benckiser, Rio Tinto Plc, Rolls Royce Plc, Royal & Sun Alliance, SA Breweries, Sage Group Plc, Schroders Plc, Schroders NV, Scottish & Newcastle, Shire Pharmaceuticals Group Plc, Smiths Group Plc, Standard Chartered Bank, United Utilities Plc, and Vodafone Group Plc.

REASONS FOR ACTIVITIES

• GlaxoSmithKline lost 0.60% despite confirming that it will fight a US Court ruling that awarded £5 million to relatives of a man that killed 3 family members and killed himself after taking GlaxoSmithKline's anti-depressant Paxil™.

• Marks & Spencer gained 0.20% despite admitting that it paid £2.7 million to six directors last year.

• The Pound Sterling and Banking shares dropped after the Labour Party's landslide victory seems to many as a mandate to take the UK into the Euro-Zone.

• Intel's mid-quarter report yesterday boosted semiconductor (chip) shares today.

• Defensive shares rose.

• New media company Future Network rose 5.8% after announcing that it is selling its new economy magazine, Business 2.0, for £48.8 million to AOL Time Warner's Fortune magazine.

• Gameplay lost about 25% after announcing that it has sold its Spanish unit, CentroMAIL, for £3.6 million to Electronics Boutique.

PICKS FOR NEXT MARKET DAY

• We think next week will be rough as companies in the US start issuing earning warnings.

indexbody --> Visit our sister portal to read more on our analysis and summary of the  United States

<---D109--->

Market Summary and Analysis for Thursday June 7th. 2001

FTSE 100: 5948.3   +46.8

FTSE 250:  6668.3  +16.0

FTSE A/S: 2879.33  +19.96

TechMARK 100: 2057.22   +1.22

SUMMARY

The London Stock Exchange (LSE) closed higher on this General Election day, even though the elections didn't influence the markets as one would have thought. Gainers included: Abbey National, Alliance & Leicester, Alphameric Plc, Anite Group Plc, Associated British Foods, Astrazeneca, Atlantic Telecom, Autonomy Corp, Axis-Shield Plc, Bank of Scotland, Barclays Plc, Bass Plc, Billiton Plc, Boots Co. Plc, British Telecom, BskyB Plc, Cable & Wireless Plc, Cadbury Schweppes Plc, Celltech Group, Centrica Plc, CGNU Plc, CMG Plc, Compass Group Plc, Computacenter, Daily Mail & General Trust, Diageo Plc, Dixons Group Plc, Domino Printing, Eidos Plc, Electrocomponent Plc, Emblaze Systems, EMI Group Plc, GlaxoSmithKline, Granada Plc, Halifax Group Plc, Hanson Plc, HSBC Holdings Plc, Johnson Matthey Plc, Kingfisher Plc, Land Securities, Lattice Group Plc, Legal & General, Lloyds TSB, Logica Plc, Marks & Spencer, Medisys Plc, M.L. Labs, Morrison Supermarket, National Grid, Nycomed Amersham, Oxford Glycosciences, Parity Group Plc, Powderject Pharmaceuticals, Project Telecom, Railtrack, Reckitt Benckiser, Reed International, Regus Plc, Rentokil Initial, Renishaw Plc, Ricardo Plc, Rio Tinto Plc, Riversoft Plc, RM, Royal Bank of Scotland, Royal & Sun Alliance, SA Breweries, Sage Group Plc, Scipher Plc, Scottish & Newcastle, Scottish Power, Scottish & Southern Energy, Shell Transport & Trading, Spectris Plc, Spirent Plc, Staffware, Standard Chartered Bank, Surfcontrol, Tate & Lyle Plc, The Body Shop, Torotrak Plc, TTP Communications, Unilever Plc, United Business Media Plc, United Utilities Plc, Vodafone Group Plc, and Whatman Plc.

REASONS FOR ACTIVITIES

• British Telecom gained 0.59% even though Goldman Sachs cut its earnings estimates by over 30%.

• Tobacco shares closed lower after a California juror awarded a single smoker $3 billion against Philip Morris for concealing smoke dangers.

• Banking and other blue chip shares rose.

• Atlantic Telecom gained 13.64% after announcing that it has won a DSL contract with Energis in Germany.

• Reuters Group lost 2.19% after announcing that it is reorganizing its operations into customer-oriented units, and it will reshuffle its Management.

• Daily Mail & General Trust gained 5.06% after stating that its classified advertisement business is still robust, but the display advertisement and publishing business is going through a "difficult period".

• Sugar company Tate & Lyle gained 5.79% after reporting earnings that met city estimates.

• Hays Plc. lost 27.74% after warning that the economic slowdown will affect its second half and full year results.

• Regus gained 7.04% after confirming that it has terminated its HQ Global acquisition talks.

• Natural cosmetics company, The Body Shop, gained 15.53% after confirming that it has received an acquisition bid from Mexico's Grupo Omnilife.

• Platinum company Johnson Matthey gained 2.81% after reporting full year pretax profits of £180.3 million, a 25% increase from year before and above city estimates.

• M.L. Labs gained 15.93% on rumours that the long legal battle between founder Kevin Leech and the widow of his former business partner is close to a settlement.

PICKS FOR NEXT MARKET DAY

• US after hours activity doesn't look too bad. We expect a positive close of the week tomorrow.

indexbody --> Visit our sister portal to read more on our analysis and summary of the  United States

<---D108--->

Market Summary and Analysis for Wednesday June 6th. 2001

FTSE 100: 5901.5   -21.0

FTSE 250:  6652.3  +6.1

FTSE A/S: 2859.37  -7.71

TechMARK 100: 2056.00   -3.15

SUMMARY

The London Stock Exchange (LSE) closed lower due to a weak start on the US markets. Gainers included: Abbey National, Alliance & Leicester, Alphameric Plc, Associated British Foods, Astrazeneca, Axis-Shield Plc, Axon Group Plc, Barclays Plc, BATM Advanced Communications Plc, BG Group Plc, Billiton Plc, Biocompatibles Plc, BTG Plc, Cadbury Schweppes Plc, Compass Group Plc, Diagonal Plc, Eidos Plc, Eircom Plc, Electrocomponent Plc, Emblaze Systems, Fibernet Group, Filtronic, First Technology, Genemedix Plc, Hamleys Plc, HSBC Holdings Plc, ICI Plc, Imperial Tobacco, Invensys Plc, IQE Plc, KS Biomedix Holdings Plc, Land Securities, Lattice Group Plc, Legal & General, London Bridge Software, Lloyds TSB, Misys Plc, M.L. Labs, Parity Group Plc, Parthus Tech, Powderject Pharmaceuticals, Project Telecom, Prudential Plc, Reckitt Benckiser, Rentokil Initial, Renishaw Plc, Ricardo Plc, Royal Bank of Scotland, Royalblue Group Plc, Royal & Sun Alliance, Sage Group Plc, Shire Pharmaceuticals Group, Skyepharma Plc, Spectris Plc, Spirent Plc, Staffware, Standard Chartered Bank, Surfcontrol, Telecity Plc, Telewest Communications, Tesco Plc, Thus Plc, Torotrak Plc, TTP Communications, Unilever Plc, United Business Media Plc, WPP Group Plc, Xansa Plc, and Zen Research.

REASONS FOR ACTIVITIES

• The Bank of England monetary policy committee left interest rates unchanged at 5.25% today.

• The Unemployment Rate in the Euro-Zone dropped in April to 8.3%.

• Banking shares rose before the interest rates announcement, and held on to the gains to close higher.

• Scoot.Com lost 25.99% after Vivendi Universal broke off takeover talks.

• Steel maker Corus lost 12.21% after US President George W. Bush introduced measures that will raise tariffs on US Steel imports.

• Cadbury Schweppes gained 0.32% after announcing that it is nearing a $592.7 million deal to acquire France's Pernod-Ricard's soft drink brands in the US, Europe, and Australia.

• Game developer Eidos gained 0.72% despite being named as one of 25 defendants in a £3.5 billion lawsuit filed by parents of the children killed in the 1999 Columbine High School massacre in Colorado, US. Eidos' popular cyber and movie character, Lara Croft, is one of the defendants.

• Toys retailer Hamleys gained 7.3% after reporting full year pretax profits of £3.9 million, well better than the £30,000 reported last year. Hamleys also announced that like-for-like sales rose 4.2%.

• Emap, the publishers of FHM™ and Elle™ magazines, lost 1.29% after announcing that it is paying £16 million to acquire the remaining 50% of Media Nature from partner Bayard Group.

• Biopharmaceutical company Antisoma lost 17.74% after announcing that the filing for approval of its Pemtumomab™, an Ovarian Cancer drug, will be delayed till 2004.

• Logica lost 1.46% despite making a positive trading statement that it will meet city estimates, and it expects its strong growth to continue to first half of next year.

• Tesco gained after Merrill Lynch selected it as one of its top picks.

• It is now official: Railtrack, which lost again today, will be replaced in the FTSE 100 index by retailer Next, which closed 1.02% lower.

• Fibernet Group gained despite a relegation from the FTSE 250 index.

• Parthus Technology gained 2.67% after launching new Bluetooth™ products.

• Sage Group gained 0.76% despite a ban from a US court that prohibits it from using its Sage name in the country. Sage dismissed it as a simple inconvenience.

PICKS FOR NEXT MARKET DAY

• We expect the speculations about the outcome of the elections to influence the markets tomorrow.

• The markets will probably rise if US markets rallied tomorrow after today's profit taking.

indexbody --> Visit our sister portal to read more on our analysis and summary of the  United States

<---D107--->

Market Summary and Analysis for Tuesday June 5th. 2001

FTSE 100: 5922.5   +66.0

FTSE 250:  6646.2  +30.5

FTSE A/S: 2867.08  +28.75

TechMARK 100: 2059.15   +11.71

SUMMARY

The London Stock Exchange (LSE) closed higher the NASDAQ rallied. Gainers included: Abbey National, AEA Technology, Alliance & Leicester, Amvescap Plc, Anite Group, Antisoma Plc, Associated British Foods, Astrazeneca Plc, Autonomy Corp, Baltimore Technology, BATM Advanced Communications Plc, Boots Co. Plc, BskyB Plc, Canary Wharf Plc, Colt Telecom, Dimension Data, Dixons Group Plc, Emblaze Systems, Energis Plc, GUS Plc, Halifax Group Plc, Hanson Plc, Imagination Tech, Imperial Tobacco, International Power Plc, Invensys Plc, Kidde Plc, Logica Plc, Marconi Plc, Marks & Spencer Plc, Next Plc, Nycomed Amersham, Orchestream Holdings, Oxford Glycosciences, Recognition Systems, Reed International, Rentokil Initial, Rolls Royce Plc, Royalblue Plc, Shire Pharmaceuticals Group, Spectris Plc, SSL International, Standard Chartered Bank, Tesco Plc, TTP Communications, Unilever Plc, Vodafone Group Plc, Whatman Plc, WPP Group Plc, Xansa Plc, and Zen Research.

REASONS FOR ACTIVITIES

• Railtrack lost 17.11% and set to be relegated from the FTSE 100, while retailer Next, the likely candidate to replace it, gained 1.89%.

• SSL International gained 6.16% after reporting full year pretax profits of £91.3 million, a 12.2% increase.

• Kingfisher lost 1.10% after confirming that it is demerging Woolworths and and other units, and concentrate on DIY and electrical goods business.

• Knowledge Management lost 14.8% after the software developer reported fiscal Q3 losses of £40.08 million, well above fiscal Q2 losses of £3.68 million. Knowledge Management also announced that it has only £16.48 million in cash left. Ouch!

• Kewill Systems lost 3.3% despite reporting full year pretax profits of £3.3 million, well above the £1.8 million reported last year.

• British Airways lost 2.58% after reporting that its revenues were affected by the Foot-and-Mouth disease, the sluggish US economy, and computer glitches.

• Telewest Communications lost 2.84% despite reporting fiscal Q1 pretax profits of £68 million, a 17% increase from last year, and well above city analysts' estimates. Sales rose a whopping 34% to £321 million.

• Banking shares on average had a strong day.

• Marconi Plc. gained as its takeover rumours continue to push the shares higher.

PICKS FOR NEXT MARKET DAY

• We expect the Bank of England interest rate decision tomorrow to determine the market.

indexbody --> Visit our sister portal to read more on our analysis and summary of the  United States

<---D106--->

Market Summary and Analysis for Monday June 4th. 2001

FTSE 100: 5856.5   +46.9

FTSE 250:  6615.7  +16.2

FTSE A/S: 2838.33  +20.18

TechMARK 100: 2047.44   +27.34

SUMMARY

The London Stock Exchange (LSE) closed higher as we begin this very busy week. Gainers included: Abbey National, AEA Technology, Alliance & Leicester, Antisoma Plc, ARM Holdings, Astrazeneca Plc, Autonomy Corp, Bank of Scotland, Barclays Plc, BP Amoco Plc, British Airways Plc, British American Tobacco, Capita Group Plc, CMG Plc, Diageo Plc, Dimension Data, Dixons Group Plc, GKN Plc, GlaxoSmithKline, Granada Plc, GUS Plc, Intec Telecom Plc, Invensys Plc, Jarvis Hotel Plc, Kewill Systems, Kidde Plc, Lloyds TSB Group Plc, Logica Plc, Lynx Group, Marconi Plc, Misys Plc, Railtrack, Safeway Plc, Sage Group Plc, Schroders Plc, Scipher Plc, Scottish & Newcastle, Shell Transport & Trading, Shire Pharmaceuticals Group, Spirent Plc, TTP Communications, Unilever Plc, United Business Media, Whatman Plc, and Xansa Plc.

REASONS FOR ACTIVITIES

• Marconi gained 6.66% on weekend press reports that Cisco Systems of the US is eyeing the company.

• Oil shares and futures gained after Iraq stopped its production in protest to the short UN approval for its oil-for-food program.

• NSB Retail Systems lost 35.04% after issuing an earnings warning.

• Rentokil Initial closed lower after receiving mixed reviews in the weekend press.

• Barclays gained 1.42% after announcing that though the group margins were down in the first half of the year, it expects improvement in the second half, and also expects to meet its 2001 targets. Barclays was also voted the best bank in the world by the Italian consulting firm IB Group.

• BAA Plc. closed unchanged after reporting full year pretax profits of £530 million, up 15% from year ago.

• Media giant Pearson lost 0.18% after UBS Warburg cut its price target to £14.5/share from £15/share.

• Cable operator BskyB lost 1.70% after The Financial Times reported that Vivendi Universal of France is selling its £3 billion stake in the company.

• AEA Technology gained 25.57% after making known that it received offers for parts of its businesses, but has since terminated all talks.

• British Airways gained 3.55% on news that it and American Airlines executives are to meet with the US Secretary of Transportation to discuss even closer ties between the 2 airlines.

• Capita Group gained 2.13% after announcing £720 million worth of new contracts for the first 5 months of this year.

• Regus lost 14.44% after confirming that it is in talks to buy Frontline Capital Holdings and HQ Global, both of the US.

• Railtrack, Spirent, CMG Plc, and United Business Media all gained, despite facing a possible relegation from the FTSE 100 on Wednesday.

• Kewill Systems and GUS gained on the eve of their earnings reports. Telewest Communications closed unchanged, while SSL International lost.

PICKS FOR NEXT MARKET DAY

• We expect the Bank of England interest rate decision on Wednesday, and the General elections on Thursday, to determine the markets this week.

indexbody --> Visit our sister portal to read more on our analysis and summary of the  United States

<---D105--->

Market Summary and Analysis for Friday June 1st. 2001

FTSE 100: 5809.6   +13.5

FTSE 250:  6599.5  +28.4

FTSE A/S: 2818.15  +6.93

TechMARK 100: 2020.10   +3.89

SUMMARY

The London Stock Exchange (LSE) started the month of June on a strong note, thanks to favourable economic data from the US. Gainers included: Abbey National, Alliance & Leicester, Antisoma Plc, Arc International, ARM Holdings, Astrazeneca Plc, Axis-Shield, BAA Plc, Bae Systems, Bank of Scotland, Barclays Plc, BATM Advanced Communications, BOC Group Plc, Bookham Technology, BP Amoco Plc, British Airways Plc, British American Tobacco, Cadbury Schweppes, Carlton Communications Plc, Celltech Group Plc, Claims Direct Plc, Compass Group Plc, Diageo Plc, Dimension Data, Dixons Group Plc, Fibernet Group Plc, GKN Plc, GlaxoSmithKline, Granada Plc, Hanson Plc, Imagination Tech Plc, Intec Telecom Plc, Invensys Plc, J Sainsbury Plc, Kewill Systems, Kidde Plc, Kingston Communications, Knowledge Support Systems, Land Securities Plc, Lattice Group Plc, Lloyds TSB Group Plc, Logica Plc, Medisys Plc, Meggitt Plc, Morrison Supermarket Plc, National Grid, NSB Retail Systems, Orchestream Holdings, Oxford Glycosciences, Parthus Tech, Patsystems, Peacock Group Plc, Railtrak, Rentokil Initial, RM Plc, Rolls Royce Plc, Royal & Sun Alliance, Royal Bank of Scotland, SA Breweries, Safeway Plc, Sage Group Plc, Schroders Plc, Scipher Plc, Scottish & Newcastle, Shell Transport & Trading, Shire Pharmaceuticals Group, Simon Group Plc, Smiths Group Plc, Spectris Plc, SSL International, Telewest Communications Plc, Telework Group Plc, TTP Communications, Turbo Genset Plc, Unilever Plc, United Utilities, Vodafone Group Plc, Whatman Plc, and Xansa Plc.

REASONS FOR ACTIVITIES

• CMG lost 3.37% after Lehman Brothers cut its earnings estimates for the company.

• Broker Brewin Dolphin lost 3.50% and pulled down other sharedealers after reporting full year pretax profits of £10.2 million, a £3.8 million drop from year ago, while total funds under management rose £2 billion to £17 billion.

• Sporting goods retailer John David Sports lost 0.74% despite reporting full year pretax profits of £16.5 million, a 35% increase. John David Sports expects the strong growth to continue.

• Biopharmaceutical company, Antisoma, gained 4.28% after its leading Cancer product Pemtumomab™ was granted an orphan drug status (a status given to drugs that offer the last hope in terminally ill patients).

• Media group United Business Media lost 2.06% after announcing that it is paying £45 million in cash, and £33.7 million in earn-out performance payment in the next 3 years as part of the deal to acquire market research firm Allison-Fisher.

• Oil shares gained after Iraq threatened to pull its supply off the world markets again. The UN approved another month of oil-for-food deal with Iraq. Crude Oil futures closed lower due to the news and on hopes that OPEC will increase production when they meet next week.

• British Telecom closed unchanged after agreeing with Norway's telecom giant Telenor to split Sweden's telecom company, Telenordia, 50-50 between themselves.

• SSL International gained 1.63% after fund manager Fidelity Investments bought an additional 1.25 million shares of the stocks to a total 15.1 million shares holding.

• BAA Plc. and Telewest Communications gained on the eve of their earnings reports next week, while Daily Mail & General Trust, Great Universal Stores (GUS), and New Look Group closed lower.

PICKS FOR NEXT MARKET DAY