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LONDON STOCK EXCHANGE DAILY MARKET SUMMARY
AND ANALYSIS (Late Edition) ARCHIVES
<---D260--->
Market
Summary and Analysis for Wednesday January 16th.
2002
FTSE
100: 5127.6 = -38.4
FTSE
250: 5926.6 = -79.0
FTSE
A/S: 2487.4 = -20.2
TechMARK
100: 1426.9 = -38.5
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed higher,
but the TechMARK 100 closed lower today. Gainers
included: Acambis Plc, Amersham Plc, Astrazeneca
Plc, BAE Systems, Biocompatibles Plc, Bioglan
Pharma Plc, Boots Co. Plc, British Airways Plc,
British American Tobacco, British Land Co. Plc,
Cedar Plc, Celltech Group Plc Centrica Plc, CGNU
Plc, Computacenter Plc, Debenhams Plc, Dicom Group
Plc, Domino Printing Plc, Enterprise Oil Plc,
Fibernet Group Plc, Friends Provident Plc, Galen
Holdings Plc, Gallaher Group Plc, Genemedix Plc,
Imperial Tobacco, Innogy Holdings Plc, Intec Telecom,
International Power Plc, IQE Plc, Isoft Group
Plc, JJB Sport Plc, J Sainsbury Plc, Kewill Systems,
Kidde Plc, Land Securities Plc, Lattice Group
Plc, Lynx Group Plc, Matalan Plc, NSB Retail Systems,
Orchestream Holdings, P&O Princess Cruises,
Parity Group Plc, Parthus technology Plc, Pearson
Plc, Phytopharm, Project Telecom Plc, Prudential
Plc, Reckitt Benckiser Plc, Redstone Plc, Reed
International, Renishaw Plc, Royal & Sun Alliance
Plc, Safeway Plc, Scipher Plc, Scottish &
Newcastle Plc, Scottish Power Plc, Smith &
Nephew Plc, Smiths Group Plc, Surfcontrol Plc,
Taylor Nelson Plc, Telecity Plc, Tibbet &
Britten Plc, Torotrak Plc, TTP Communications
Plc, Turbo Genset Plc, Unilever Plc, United Utilities
Plc, and Zen Research Plc.
REASONS
FOR ACTIVITIES
- UK
Unemployment Rate rose to 3.2% in December,
as 3,200 jobs were lost in the period.
- Torotrak
gained 18% on news that it has signed an agreement
with Japanese Automotive parts maker Equos
Research to test its Infinite Variable Transmission
(IVT) Technology.
- UK
chip related shares closed lower after Intel
lowered its Q1 outlook and cut capital spending
by 25% for the period.
- Marks
& Spencer lost 0.14% despite reporting
that for the 7 weeks ending January 12th,
its like-for-like sales rose 8.3%.
- IT
services firm Xansa lost 15.47% after warning
about its current year's outlook.
- Defensive
shares like utilities and tobacco gained.
-
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- Schroders
Plc. lost 3.95% after warning that its full
year 2001 pretax profits from assets management
will be 10% lower than city estimates.
- Prudential
gained 2.12% after announcing that its 2001
sales rose 46%, due to strong growth in the
UK and Asia.
- Banking
shares closed lower after the US' JP Morgan
Chase & Co. posted its first quarterly
loss in 5 years, due to credit exposure to
the Argentina and Enron implosions.
- Text
messaging shares CMG and Logica lost 6.02%
and 6.21% respectively after Vodafone Group
selected Ericsson to provide its mobile phones
with text messaging. Vodafone Group closed
lower too.
- Invensys
and Cookson Group closed lower after US electronics
maker Tyco International issued a warning
due to a poor electronics market.
-
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countries: Australia,
Canada,
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PICKS
FOR NEXT MARKET DAY
- The
US after hours market looks good after strong
earnings reports from bellwether shares
like AMD, Apple Computer, Compaq, Extreme
Networks, Inktomi, McAfee, Symantec, Yahoo!,
etc.
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Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D259--->
Market
Summary and Analysis for Tuesday January 15th.
2002
FTSE
100: 5166.0 = +52.5
FTSE
250: 6005.6 = -4.0
FTSE
A/S: 2507.6 = +20.9
TechMARK
100: 1465.4 = -5.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed higher,
but the TechMARK 100 closed lower today. Gainers
included: 3i Group Plc, Abbey National Plc, Acambis
Plc, Alliance & Leicester Plc, Allied Domecq,
Amersham Plc, Anglo American, ARM Holdings Plc,
Associated British Foods, Astrazeneca Plc, Azlan
Group Plc, BAA Plc, BAE Systems Plc, Berkeley
Group Plc, BG Group Plc, BHP Billiton Plc, BOC
Group Plc, Boots Co. Plc, BP Amoco Plc, Brambles
Industries Plc, British Airways Plc, British American
Tobacco, British Biotech Plc, British Energy Plc,
British Land Co. Plc, British Vita Plc, BskyB
Plc, BTG Plc, Cadbury Schweppes Plc, Canary Wharf
Plc, Carlton Communications, Centrica Plc, CGNU
Plc, Cobham Plc, Colt Telecom Group Plc, Compass
Group Plc, Daily Mail & General Trust, Diageo
Plc, Domino Printing Plc, Egg Plc, Eidos Plc,
EMI Group Plc, Enodis Plc, Expro International
Group, Gallaher Group Plc, GlaxoSmithKline Plc,
Granada Plc, Hanson Plc, HBOS Plc, Hilton Group
Plc, HSBC Holdings Plc, Imagination Technology,
Imperial Tobacco, Isoft Group Plc, J Sainsbury
Plc, Kidde Plc, Kingfisher Plc, Land Securities,
Lattice Group Plc, Legal & General, Lloyds
TSB, Logica Plc, Lynx Group Plc, Man Group Plc,
Marks & Spencer, Merant Plc, Misys Plc, MmO2
Plc, Morrison Supermarket, Motion Media Plc, National
Grid, Next Plc, Northern Rock Plc, P&O Princess
Cruises, Pace Micro Tech, Parthus Technology Plc,
Phytopharm, Powderject Pharmaceuticals, Powergen
Plc, Project Telecom Plc, Psion Plc, Reckitt Benckiser
Plc, Renishaw Plc, Rentokil Initial, Reuters Group
Plc, Rio Tinto Plc, Rolls Royce Plc, Royal Bank
of Scotland, Royalblue Group Plc, Schroders Plc,
Schroders NV, Scottish & Newcastle Plc, Scottish
& Southern Energy Plc, Scottish Power Plc,
Severn Trent Plc, Shell Transport & Trading,
Shire Pharmaceuticals Group, Six Continents Plc,
Standard Chartered Bank, Surfcontrol Plc, Telework
Systems, Tesco Plc, TTP Communications Plc, Ultra
Electronics Holdings Plc, Unilever Plc, United
Utilities Plc, Vodafone Group Plc, Wolseley Plc,
and WPP Group Plc.
REASONS
FOR ACTIVITIES
- Tesco
gained 0.32% after reporting that its like-for-like
sales for the 7 weeks ending January 5th.
rose 6.2%.
- Vodafone
Group gained 2.33% after announcing that it
has disposed of its non-core German assets
inherited from Mennesmann. ABN AMRO's upgrade
to buy yesterday also helped.
- MmO2
gained 3.53% due to its successful placement
of corporate bonds this week. MmO2 also announced
a development deal with US handheld device
company, Handspring.
- Cookson
Group lost 0.59% despite stating that its
trading conditions stabilized in December.
- British
Airways gained 0.57% on news that it is in
talks with troubled Polish national carrier,
PLL LOT, about joining its OneWorld Alliance.
-
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- Marconi
lost 10.32% after announcing that its fiscal
Q3 sales declined 37% over the year to £706
million. Marconi also announced plans to cut
4,000 jobs, and the company doesn't expect
a recovery this 2002.
- Compass
Group gained another 3.15% after Goldman Sachs
included it in its "UK recommended list".
- Diageo
gained 1.82% after announcing plans to spend
64 Million Euros to build a second production
plant for its hot selling Bailey's Irish Cream™
Liqueur, which is expected to see sales doubling
in the next 5 years.
- Defensive
shares like Mining, Utilities and Tobacco
gained.
- Banking
shares gained, despite a downgrade of Barclay's
to a "hold" by UBS Warburg.
- Ashtead
Group lost 19.38% after warning about its
full year results, due to poor US market conditions.
The US accounts for 70% of Ashtead's business.
-
-
NEW
SERVICES: We now have operations in these
countries: Australia,
Canada,
South
Africa, UK
& Ireland, and United
States. Please take full advantage
of our wonderful services.
PICKS
FOR NEXT MARKET DAY
- The
US after hours market looks too directionless
to make a call, despite stellar earnings
reports from bellwether shares like Intel,
eBay, DoubleClick, and Handspring.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D258--->
Market
Summary and Analysis for Monday January 14th.
2002
FTSE
100: 5113.5 = -85.1
FTSE
250: 6009.6 = -51.1
FTSE
A/S: 2486.7 = -37.8
TechMARK
100: 1470.6 = -31.1
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower today. Gainers included: Acambis
Plc, Allied Domecq, Associated British Foods,
BAA Plc, BAE Systems Plc, Balfour Beatty Plc,
Biocompatibles, British American Tobacco, British
Energy Plc, British Land Co. Plc, Centrica Plc,
Compass Group Plc, Domino Printing Plc, Eidos
Plc, Galen Holdings, Gallaher Group Plc, Imperial
Tobacco, Innogy Holdings, Isoft Group Plc, Land
Securities, Lattice Group Plc, Logica Plc, London
Bridge Software, Lynx Group Plc, Marlborough Sterling,
Medisys Plc, Meggitt Plc, Merant Plc, Northern
Rock Plc, P&O Princess Cruises, Reckitt Benckiser
Plc, Ricardo Plc, Royalblue Group Plc, Scottish
& Southern Energy Plc, Scottish Power Plc,
Severn Trent Plc, Stanley Leisure Plc, Synstar
Plc, Telework Systems, Tesco Plc, Thus Plc, Tomkins
Plc, Torotrak Plc, Trafficmaster Plc, Ultra Electronics
Holdings Plc, Xansa Plc, and XTL Biopharmaceuticals
Plc.
REASONS
FOR ACTIVITIES
- Balfour
Beatty gained 5.63% after announcing that
it won a US contract for a new infrastructure
development valued at $220 million.
- Vodafone
Group lost 3.88% as telecom shares came under
pressure today. ABN AMRO upgraded Vodafone
to a "buy".
- London
Bridge Software gained 1.46% after announcing
that its full year 2001 pretax profits will
meet city estimates, and that it expects a
stronger demand for its products all of 2002.
- HSBC
Holdings, which is estimates to have a £2
billion exposure to Argentina's financial
crises, led banking shares lower.
- J
Sainsbury lost 2.15% despite reporting that
its Q3 like-for-like sales rose 6.4%.
- GUS
lost 1.14% after reporting that its Q3 like-for-like
sales at its Burberry™ unit declined 2%, while
its Argos™ unit saw an increase of 14%. GUS
reaffirmed its decision to demerge Burberry™
this June.
- Defensive
shares like Utilities and Tobacco gained.
- Caterer
Compass Group gained 0.72% after wining a
10-year, $200 million a year catering and
facilities management contract with US oil
major, ChevronTexaco. Compass Group will handle
catering services at its worldwide facilities.
- Sage
Group lost 0.76% despite comments from its
CEO that the company's US sales improved in
December, and it expects UK to pick up in
the next 6 months.
- Biotechnology
firm, XTL Biopharmaceuticals gained 18.48%
after announcing that its Hepatitis C experimental
drug is performing well in clinical trials.
- Marconi
and Cookson Group closed lower on the eve
of their trading updates.
-
-
NEW
SERVICES: We now have operations in these
countries: Australia,
Canada,
South
Africa, UK
& Ireland, and United
States. Please take full advantage
of our wonderful services.
PICKS
FOR NEXT MARKET DAY
- The
US after hours market looks promising due
to better-than-expected earnings from E*Trade
Group, Rent-A-Center, and Books-A-Million.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D257--->
Market
Summary and Analysis for Friday January 11th.
2002
FTSE
100: 5198.6 = +7.9
FTSE
250: 6060.7 = +21.6
FTSE
A/S: 2524.5 = +4.5
TechMARK
100: 1501.7 = +4.8
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher. Gainers included: 3i Group
Plc, Abbey National, Acambis Plc, Allied Domecq
Plc, AIT Group Plc, Amvescap Plc, Anglo American,
Anite Group Plc, Astrazeneca Plc, Autonomy Corp,
BAA Plc, Baltimore Technology, Bookham Technology,
Boots Co. Plc, British Biotech Plc, British Land
Co. Plc, BskyB Plc, BT Group Plc, Cable &
Wireless Plc, Cambridge Antibody, Canary Wharf
Plc, Centrica Plc, Compass Group Plc, Computacenter
Plc, CMG Plc, Diageo Plc, Dicom Group Plc, Dixons
Group Plc, Eidos Plc, Emblaze Systems, EMI Group
Plc, Energis Plc, Enterprise Oil, Esporter Plc,
European Telecom Plc, Friends Provident, Galen
Holdings, Gallaher Group Plc, Granada Plc, Guardian
IT, Hilton Group Plc, Innovation Group, International
Power, Isoft Group Plc, ITNet Plc, JJB Sport Plc,
J Sainsbury Plc, Kingfisher Plc, Land Securities
Plc, Lattice Group Plc, Legal & General, London
Bridge Software, Lynx Group Plc, Man Group Plc,
Marconi Plc, Marks & Spencer, Matalan Plc,
Meggitt Plc, Misys Plc, Morse Plc, Motion Media
Plc, Morrison Supermarket, National Grid, Next
Plc, Northgate Information Services, P&O Princess
Cruises, Pace Micro Tech, Parthus Technology,
Powergen Plc, Prudential Plc, Psion Plc, Reed
International, RM Plc, Royal Bank of Scotland,
SA Breweries Plc, Sage Group Plc, Scottish &
Newcastle, Scottish & Southern Energy, Schroders
Plc, Schroders NV, Severn Trent Plc, Skyepharma
Plc, Smith & Nephew, Spectris Plc, Spirent
Plc, Synstar Plc, Torotrak Plc, TTP Communications,
Turbo Genset Plc, United Utilities Plc, Vodafone
Group Plc, WPP Group Plc, and Xansa Plc.
REASONS
FOR ACTIVITIES
- Enterprise
Oil gained 3.63% on news that Italian oil
giant ENI is thinking about reopening negotiations
to acquire it.
- Financial
services firm Man Group gained 5.12% and helped
other managed funds operators to close higher
after announcing that it raised over $590
million in client money for its 2 new funds.
- European
Telecom gained 6.25% despite announcing first
half pretax losses of £5.1 million, and it
expects things to be tough in the near term.
- Matalan
gained 11.82% after reporting that its like-for-like
sales for the 6 weeks ending January 5th.
rose 9%.
- Astrazeneca
gained 1.30% after CS First Boston upgraded
it to a "buy" recommendation, and
raised its price target to £36/share.
- Logica
lost 5.27% after its largest customer, J-Phone,
the Vodafone owned Japanese mobile phone unit,
announced that its capital spending this year
will be only $2.3 billion, about half the
normal amount. J-Phone buys text messaging
systems from Logica.
- Vodafone
Group gained 1.82% after announcing that it
will spend only £1.6 billion of its budgeted
£3 billion for infrastructure investments.
- Esporter
gained 6.02% despite announcing that it will
miss Q4 revenue targets, and it will be taking
a £5 million charge. On the upside, the health
clubs operator confirmed that it has been
approached.
- BAA
gained 0.68% after announcing that traffic
at its Airports declined only 6.4% in December.
- AFTER
CLOSE: US markets closed lower after Federal
Reserve chairman Alan Greenspan cautioned
about too much optimism about the economy
in the near term.
-
<---D256--->
Market
Summary and Analysis for Thursday January 10th.
2002
FTSE
100: 5190.7 = -37.8
FTSE
250: 6039.1 = -36.3
FTSE
A/S: 2520.0 = -17.6
TechMARK
100: 1496.9 = -23.1
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower. Gainers included: Abbey National,
Alliance & Leicester Plc, AMEC Plc, Anite
Group Plc, Axis-Shield Plc, Azlan Group Plc, Axis-Shield
Plc, BAA Plc, Barclays Plc, BG Group Plc, Biocompatibles
Plc, Bookham Technology, Boots Co. Plc, BT Group
Plc, Cadbury Schweppes Plc, Capita Group Plc,
Celltech Group Plc, CGNU Plc, Diageo Plc, Diagonal
Plc, Dixons Group Plc, Enterprise Oil, First Technology
Plc, Friends Provident, Genemedix Plc, GlaxoSmithKlinePlc,
House of Fraser Plc, International Power, Isoft
Group Plc, J Sainsbury, Kingfisher Plc, Lloyds
TSB, Lynx Group Plc, Marconi Plc, Next Plc, Northgate
Information Services, Oxford Glycosciences, P&O
Princess Cruises, Pace Micro Tech, Project Telecom,
Reckitt Benckiser Plc, Renishaw Plc, RM Plc, SA
Breweries Plc, Sage Group Plc, Scottish &
Southern Energy, Selfridges Plc, Severn Trent
Plc, Shire Pharmaceuticals Group Plc, Spirent
Plc, Staffware Plc, Synstar Plc, Telework Systems,
Torex Plc, TTP Communications, and Turbo Genset
Plc.
REASONS
FOR ACTIVITIES
- The
Bank of England kept its Repo (Interest) Rates
unchanged at 4.00%.
- Computacenter
lost 0.29% after stating that it will meet
city estimates, but its business has a while
to pick up.
- Staffware
gained 6.29% after stating that it will break
even for the second half of 2001, but it returned
to profitability in Q4 2001. Staffware sees
its business improving.
- Some
defensive shares were okay today.
- Selfridges
gained 2.05% after reporting that its flagship
Oxford Street store saw a 6% increase in sales
over Christmas.
- Reuters
Group lost after its Demerged unit, Instinet,
reported that for December, its share dealing
volume declined 30%. Media shares were generally
lower too.
- Construction
company AMEC gained 1.43% after stating that
it will meet the city's full year estimates.
AMEC also stated that contract bookings for
the long term have risen to £5 billion.
- House
of Fraser gained 6.78% after reporting that
its like-for-like sales grew 7.2% in the past
7 weeks.
- Vodafone
lost 3.66% and pulled the FTSE 100 for 2 pieces
of news: Reports are that its joint venture
with Verizon Communications of the US doesn't
seem to be doing well, and the Financial Times
reported that, Vodafone is getting unsolicited
offers for Arcor, the fixed-line business
in Germany it inherited after acquiring Mannesmann.
-
-
NEW
SERVICES: We now have operations in these
countries: Australia,
Canada,
South
Africa, UK
& Ireland, and United
States. Please take full advantage
of our wonderful services.
PICKS
FOR NEXT MARKET DAY
- Economic
data and/or bargain hunting will decide
how the markets close tomorrow. US after
hours doesn't look too bad either.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D255--->
Market
Summary and Analysis for Wednesday January 9th.
2002
FTSE
100: 5228.5 = -21.9
FTSE
250: 6075.4 = -22.5
FTSE
A/S: 2537.7 = -10.4
TechMARK
100: 1520.0 = +1.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed lower,
while the TechMARK 100 closed higher. Gainers
included: Abbey National, Acambis Plc, Alliance
& Leicester Plc, Allied Domecq Plc, Alphameric
Plc, Amersham, Anglo American, Anite Group Plc,
Astrazeneca Plc, Autonomy Corp, Axis-Shield Plc,
BAE Systems, Barclays Plc, BHP Billiton, Biocompatibles
Plc, BP Amoco Plc, Brambles Industries, British
Airways, British American Tobacco, British Land
Co. Plc, Cadbury Schweppes Plc, Canary Wharf Plc,
Centrica Plc, Colt Telecom Group Plc, Diagonal,
Eidos Plc, Electrocomponent, Energis Plc, Friends
Provident Plc, Genemedix Plc, GlaxoSmithKline
Plc, HBOS Plc, Hilton Group Plc, Imperial Tobacco,
Innogy Holdings, Innovation Group Plc, Intec Telecom
Plc, Invensys Plc, Land Securities, Legal &
General Plc, Lynx Group Plc, Man Group Plc, Medisys
Plc, Misys Plc, Motion Media Plc, National Grid,
Northern Rock Plc, Old Mutual, Oxford Glycosciences,
Pace Micro Tech, Parthus Technology Plc, Powergen
Plc, Project Telecom Plc, Reed International,
Reckitt Benckiser Plc, Rentokil Initial Plc, Rio
Tinto Plc, RM Plc, Rolls Royce Plc, Roxboro Group
Plc, Royal Bank of Scotland, Royalblue Group Plc,
SA Breweries Plc, Safeway Plc, Sage Group Plc,
Scottish & Newcastle, Schroders NV, Schroders
Plc, Scipher Plc, Scottish Power, Shire Pharmaceuticals
Group, Signet Group Plc, Skyepharma Plc, Smiths
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