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


<---D270--->

Market Summary and Analysis for Wednesday January 30th. 2002

FTSE 100: 5089.3 = -42.1

FTSE 250: 5791.2 = -70.1

FTSE A/S: 2461.9 = -21.9

TechMARK 100: 1318.9 = -24.3

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower today again. Gainers included: Acambis Plc, ARM Holdings Plc, Associated British Foods, Astrazeneca Plc, BAA Plc, BAE Systems Plc, BG Group Plc, Biocompatibles Plc, BOC Group Plc, Boots Co. Plc, BP Amoco Plc, British American Tobacco, British Biotech Plc, British Land Co. Plc, BT Group Plc, BskyB Plc, Compass Group Plc, Daily Mail & General Trust, Diageo Plc, Dicom Group Plc, Eidos Plc, Enterprise Oil, Gallaher Group Plc, Genemedix Plc, Generics Group Plc, Granada Plc, GUS Plc, Hanson Plc, Innogy Holdings, J Sainsbury Plc, Kidde Plc, Lattice Group Plc, Logica Plc, Man Group Plc, Marconi Plc, Marks & Spencer Plc, Matalan Plc, Motion Media Plc, Next Plc, Oxford Glycosciences, Parthus Technology, Proteome Sciences Plc, Reckitt Benckiser Plc, Reed International, Reuters Group Plc, SA Breweries Plc, Scottish & Newcastle Plc, Scottish Power, Scottish & Southern Energy Plc, Severn Trent Plc, Shell Transport & Trading, Trafficmaster Plc, Unilever Plc, Whatman Plc, and Wolseley Plc.

REASONS FOR ACTIVITIES

  • Banking shares closed lower today.
  • Cordiant Communications lost 15% on news that its CEO, Michael Bungey, is being pressured to resign before March earnings release.
  • Rolls Royce lost 6.02% despite denying market rumours that the "fuzzy" accounting furor in the US will affect it. Indeed, all major multinationals were under accounting problems suspicion today.
  • Telecommunications shares were still weaker after the bankruptcy protection filing of US based Global Crossing.
  • Oil shares had some gains today.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Proteome Sciences gained 4.21% after announcing that it has received a patent that will allow the detection of Mad Cow disease and vCJD in blood.
  • Media shares staged a modest recovery today.
  • Irish chip designer Parthus Technology gained 8.53% after reporting full year pretax loss of £8.3 million, and revenue that rose 22% to £28 million. Chip licensing fees and royalties rose 87% to £20 million.
  • AFTER CLOSE: The US Federal Reserve FOMC left interest rates unchanged, and US markets staged a strong rally to close higher.
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    • The US Federal Reserve FOMC interest rate announcement will likely lift the markets tomorrow too.

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<---D269--->

Market Summary and Analysis for Tuesday January 29th. 2002

FTSE 100: 5131.4 = -92.2

FTSE 250: 5861.3 = -40.5

FTSE A/S: 2483.8 = -40.1

TechMARK 100: 1343.2 = -28.3

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower today. Gainers included: Aberdeen Asset Management, Alphameric Plc, Anite Group Plc, ARM Holdings, Autonomy Corp, Baltimore Technology, British Airways Plc, British American Tobacco, EMI Group Plc, British Land Co. Plc, Cobham Plc, Computacenter Plc, Dicom Group Plc, Egg Plc, Fibernet Group Plc, First Technology Plc, Galen Holdings Plc, Genemedix Plc, Imperial Tobacco, Indigovision Group Plc, IQE Plc, Isoft Group Plc, ITouch Plc, Kidde Plc, Kingston Communications Plc, KS Biomedix Plc, LastMinute.Com, Lynx Group Plc, Meggitt Plc, Morse Plc, National Grid, Ncipher Plc, Oxford Glycosciences, Oxford Instruments, Psion Plc, Renishaw Plc, Rentokil Initial Plc, Ricardo Plc, Royalblue Group Plc, Skyepharma Plc, Smiths Group Plc, Synstar Plc, Trafficmaster Plc, TTP Communications Plc, and Whatman Plc.

REASONS FOR ACTIVITIES

  • LastMinute.Com gained after announcing an array of deals, and benefited from strong earnings reported late yesterday by its US rivals, Expedia.Com, Hotel Reservations Network, Priceline.Com, and Travelocity.Com.
  • Old Mutual lost 3.57% after announcing that its US assets under management declined $28 billion to $149.9 billion.
  • Satellite TV behemoth BskyB lost 6.33% after Morgan Stanley made known that the company's fiscal Q2 results might miss city estimates.
  • Telecommunications shares were still weaker after the bankruptcy protection filing of US based Global Crossing.
  • Dimension Data lost 6.97% after Merrill Lynch lowered its earnings estimates on the stock.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Oil shares were some of the hardest hit today.
  • Online bank Egg gained 5.15% after paying $6.90 million to acquire French online bank, Zebank. Merrill Lynch upgraded the shares to a "strong buy" and raised its price target due to the news.
  • Psion gained 5.21% after its Symbian  joint venture secured some £21 million in additional funding.
  • TV media shares were down after disappointing UK TV audience numbers.
  • Banking and technology shares were lower after US markets were swept to lowest lows in 3 months due to "fuzzy" corporate accounting fears.
  • Kingston Communications gained 0.24% after reporting fiscal Q3 EBITDA that rose 267%, while sales rose 37% over the year to £82.4 million.
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    • The US Federal Reserve FOMC announcement will be the highlight of the day.

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<---D268--->

Market Summary and Analysis for Monday January 28th. 2002

FTSE 100: 5223.6 = +30.6

FTSE 250: 5901.8 = +2.2

FTSE A/S: 2523.9 = +12.2

TechMARK 100: 1371.5 = -20.5

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 closed higher, while the TechMARK 100 closed lower today. Gainers included: Abbey National Plc, AEA Technology, AIT Group Plc, Alliance & Leicester Plc, Amersham Plc, Associated British Foods, Barclays Plc, BG Group Plc, BHP Billiton Plc, BP Amoco Plc, BOC Group Plc, Boots Co. Plc, Brambles Industries, British American Tobacco, Cable & Wireless Plc, Canary Wharf Plc, Capita Group Plc, CMG Plc, Compass Group Plc, Computacenter, Daily Mail & General Trust, Diageo Plc, Dicom Group Plc, Eidos Plc, Electrocomponent, Energis Plc, Express Diaries Plc, Filtronic Plc, First Technology Plc, Friends Provident Plc, Gallaher Group Plc, Genemedix Plc, Granada Plc, HSBC Holdings Plc, Imagination Tech, Indigovision Group Plc, Innogy Holdings Plc, Intec Telecom Plc, Itouch Plc, J Sainsbury Plc, Kingfisher Plc, KS Biomedix Plc, Land Securities Plc, Lloyds TSB, Man Group Plc, Marconi Plc, Marks & Spencer Plc, Marlborough Sterling Plc, Medisys Plc, Morrison Supermarket, Morse Plc, National Grid, Northern Rock Plc, P&O Princess Cruise Plc, Pearson Plc, Powergen Plc, Prudential Plc, Reed International, Renishaw Plc, Rentokil Initial, Reuters Group Plc, Rio Tinto Plc, Rolls Royce Plc, Royal & Sun Alliance Plc, Royal Bank of Scotland, Royalblue Group Plc, Schroders NV, Schroders Plc, Scottish & Newcastle, Scottish Power Plc, Severn Trent Plc, Shell Transport & Trading Plc, Six Continents Plc, Smiths Group Plc, Spirent Plc, Synstar Plc, Standard Chartered Bank, Tesco Plc, Thus Plc, Whatman Plc, and WPP Group Plc.

REASONS FOR ACTIVITIES

  • Energis gained 11.11% after confirming talks with some of its creditor bankers.
  • P&O Princess gained 3.10% after The Financial Times reported that US based Carnival Cruise Line might sweeten its offer before the February 14th. shareholder meeting.
  • Rolls Royce gained 1.04% after announcing a 15-year £170 million total care deal with Air Canada for its Trent 772™ Engines.
  • BP Amoco gained 2.04% and helped lift Shell too after Goldman Sachs upgraded it to its "recommended list".
  • British Airways lost 3.34% today after terminating its Alliance with American Airlines after the US Department of Transport proposed that the 2 airlines to give up 224 weekly slots at Heathrow.
  • Express Diaries gained 79.31% after the company confirmed that it has received a bid approach. Word is that, Danish company, Arla Foods, is the bidder. Analysts are expecting a bidding war.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Chip maker ARM Holdings lost 8.06% despite reporting fiscal Q4 results that beat city estimates. ARM however, warned that the weak global chip market might hurt in the near term.
  • Telecommunications shares closed lower after US based Global Crossing filed for Chapter 11 Bankruptcy protection.
  • Banking shares gained after Merrill Lynch increased its "overweight" outlook on European Banks. Merrill Lynch also has a "strong buy" on Royal Bank of Scotland, which gained 3.14%.
  • Torotrak lost 57.56% after General Motors changed its mind about using the company's Infinite Variable transmission technology.
  • Media shares were shabby today.
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    • US after hours market looks pretty strong due to good earnings from Expedia, Texas Instruments, and Terayon Communications.
    • Anything is possible as the US Federal Reserve FOMC meeting starts tomorrow.

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<---D267--->

Market Summary and Analysis for Friday January 25th. 2002

FTSE 100: 5193.0 = -40.1

FTSE 250: 5899.6 = -31.7

FTSE A/S: 2511.7 = -18.4

TechMARK 100: 1391.9 = -19.1

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower today. Gainers included: 3i Group Plc, Acambis Plc, AEA Technology, ARM Holdings Plc, Autonomy Corp, BAE Systems Plc, BG Group Plc, Biocompatibles, BP Amoco Plc, Cadbury Schweppes Plc, Centrica Plc, Computacenter, Dicom Group Plc, Eidos Plc, Enterprise Oil Plc, First Technology Plc, Genemedix Plc, ICI Plc, Intec Telecom Plc, International Power Plc, Isoft Group Plc, Itouch Plc, Lattice Group Plc, Legal & General Plc, KS Biomedix Plc, Marlborough Sterling Plc, Medisys Plc, Morrison Supermarket, Parthus Technology, Renishaw Plc, SA Breweries Plc, Safeway Plc, Schroders Plc, Scottish & Newcastle, Shell Transport & Trading Plc, Shire Pharmaceuticals Group, Smith & Nephew Plc, Telemetrix Plc, Telework Systems Plc, Tesco Plc, Thus Plc, Whatman Plc, and Xansa Plc.

REASONS FOR ACTIVITIES

  • Technology shares closed lower after their counterparts across the Atlantic like JDS Uniphase, Gateway, and Peoplesoft reported less than stellar earnings.
  • Thus gained 6.99% after reporting fiscal Q3 pretax profit of £6.6 million and turnover of £74.5 million.
  • Energis lost 21.74% due to its earnings warning on Thursday. Telecommunications related shares went down on the news too.
  • British Airways lost 4.51% after US Department of Transport proposed that a closer alliance with American Airlines will require the 2 airlines to give up 224 weekly slots at Heathrow.
  • Oil shares and prices continued their gains today.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Virtual Internet lost 45.33% after announcing that talks to acquire it have terminated.
  • Mining shares closed lower due to poor prices on the London Metals Exchange.
  • Fibernet lost 45.21% after warning that its losses will be worst than expected.
  • GlaxoSmithKline lost 2.45% after stating that it might sell some assets if its current drug discovery drought continues.
  • Vodafone Group lost 1.21% after selling its fixed-lines telecommunications assets in Germany to Arcos for £713 million.
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    • Anything is possible this week as the US Federal Reserve FOMC starts on Tuesday and ends on Wednesday.

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<---D266--->

Market Summary and Analysis for Thursday January 24th. 2002

FTSE 100: 5233.1 = +52.5

FTSE 250: 5931.3 = +12.3

FTSE A/S: 2530.1 = +22.2

TechMARK 100: 1411.0 = +9.2

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed higher today. Gainers included: Abbey National, Allied Domecq Plc, Amvescap Plc, Anglo American, ARM Holdings, Autonomy Corp, BAE Systems Plc, Baltimore Technology, Barclays Plc, BG Group Plc, BHP Billiton Plc, BOC Group Plc, Bookham Technology, BP Amoco Plc, Brambles Plc, British Airways Plc, British Biotech Plc, BskyB Plc, BTG Plc, Cadbury Schweppes Plc, Canary Wharf Plc, Capita Group Plc, Carphone Wholesale Plc, Celltech Group Plc, Centrica Plc, CMG Plc, Computacenter, Diagonal Plc, Dicom Group Plc, Eidos Plc, Emblaze Systems, Enterprise Oil, Filtronic Plc, Friends Provident, Guardian IT, GUS Plc, HBOS Plc, Hilton Group Plc, HSBC Holdings, ICI Plc, Intec Telecom, International Power, Invensys Plc, Isoft Group Plc, Kidde Plc, Kingfisher Plc, Kingston Communications Plc, Lattice Group Plc, Logica Plc, Lynx Group Plc, Marlborough Sterling Plc, Medisys Plc, Misys Plc, MmO2 Plc, Northern Rock, Old Mutual, P&O Princess, Pace Micro Tech, Parity Group Plc, Pearson Plc, Project Telecom Plc, Prudential Plc, Psion Plc, Reed International, Reuters Group Plc, Rio Tinto Plc, Rolls Royce Plc, Royal Bank of Scotland, Sage Group Plc, Schroders Plc, Scipher Plc, Shell Transport & Trading, Six Continents Plc, Skyepharma, Surfcontrol Plc, Tesco Plc, Torex Plc, Torotrak Plc, TTP Communications Plc, Turbo Genset Plc, United Utilities Plc, Vernalis Group Plc, Vodafone Group Plc, Whatman Plc, and WPP Group Plc.

REASONS FOR ACTIVITIES

  • BHP Billiton gained 2.98% after reporting that for Q4 2001, iron Ore production rose 6% to 17.3 million tons. Copper production declined 18% to 221,600 tons- due mostly to plant closings. Crude Oil and related products production stood at 19.7 million barrels.
  • Misys gained 3.86% after reporting fiscal Q1 pretax profit of £23.8 million and revenue of £480 million, an 18% increase from last year, and higher than city estimates. Misys is optimistic about fiscal Q2.
  • Autonomy gained 16.98% on news that it has turned the corner.
  • Technology shares gained after Nokia reported a strong fiscal Q4 results, and reiterated its 2002 outlook.
  • Anglo American gained 1.29% after announcing that it is withdrawing from its trouble Zambian Copper operations, and will take a $350 million accounting charge.
  • Media shares did better today.
  • ARM Holdings gained 9.90% after JP Morgan Chase became bullish on the chip sector.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Software company Macro 4 Plc. lost 42% after issuing an earnings warning.
  • Carphone Wholesale and Reuters Group recovered some of their losses in the last few days.
  • Energis lost 57.01% after announcing that it might breach some of its convents with lending banks.
  • British Airways gained 3.41% after Dresdner Kleinwort Wasserstein upgraded the sector.
  • Oil shares continued their upward movement today after Iran announced yesterday that it might cut oil production further so as to support prices.
  • US Federal Reserve Chairman, Alan Greenspan, made positive comments about the US economy in his yearly testimony to the US Senate banking and finance committee - these comments rallied world markets.
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<---D265--->

Market Summary and Analysis for Wednesday January 23rd. 2002

FTSE 100: 5180.6 = +31.4

FTSE 250: 5919.0 = -20.3

FTSE A/S: 2507.9 = +11.3

TechMARK 100: 1401.8 = -18.5

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 closed higher, while the TechMARK 100 closed lower for the third day in a row. Gainers included: Abbey National, Aggregate Industries Plc, Airtours Plc, Allders Plc, Amersham Plc, Anglo American, Arcadia Group Plc, Astrazeneca Plc, Axis-Shield Plc, BAA Plc, BA Plc, BAE Plc, Barclays Plc, BG Group Plc, BHP Billiton Plc, Boots Co. Plc, BP Amoco Plc, Brambles Plc, British Airways Plc, British American Tobacco, BTG Plc, BT Group Plc, Cable & Wireless, Canary Wharf Plc, Compass Group Plc, Computacenter, Daily Mail & General Trust, Diagonal Plc, Dicom Group Plc, Dixons Group Plc, Eidos Plc, Gallaher Group Plc, GlaxoSmithKline, GUS Plc, Hanson Plc, HBOS Plc, Hilton Group Plc, Indigovision Group Plc, Invensys Plc, J Sainsbury, Kidde Plc, KS Biomedix Plc, Land Securities Plc, Legal & General Plc, Lloyds TSB Plc, Lynx Group Plc, Man Group Plc, Marks & Spencer Plc, McBride Plc, Misys Plc, N Brown Group Plc, Northern Rock Plc, Northgate Information Services, Old Mutual, Pace Micro Tech, Parity Group Plc, Powderject Pharmaceuticals, Prowting Plc, Prudential Plc, Psion Plc, Reckitt Benckiser Plc, Rio Tinto Plc, Royal Bank of Scotland, SA Breweries Plc, Sage Group Plc, Schroders NV, Scottish Power Plc, Shell Transport & Trading, Shire Pharmaceuticals Group Plc, Smiths Group Plc, Taylor Woodrow Plc, Telemetrix Plc, Telework Systems, TTP Communications Plc, Vernalis Group Plc, Whatman Plc, and Wolseley Plc.

REASONS FOR ACTIVITIES

  • Airtours gained 3.17% on an ABN AMRO upgrade to a "buy".
  • Oil shares and prices closed higher after Iran announced that it might cut its production further so as to prop up prices.
  • N Brown gained 3.38% after announcing that despite the tragic events and hardships in the last quarter of 2001, its UK catalogue shopping business did well.
  • Misys gained 2.72% after announcing that it has won a $17.7 million contract with the Los Angeles County, USA, to supply laboratory information services for its Department of Health Services.
  • Reuters Group lost 5.43% after Morgan Stanley cut its earnings outlook on the media giant on concerns that rival, Bloomberg, is gaining market share at the expense of Reuters.
  • Radio operator GWR lost 9% after announcing that its revenue for the quarter ended December 31st. declined 8.4%. Other media shares closed lower on the news.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Rio Tinto gained 2% after reporting Q4 production results that met city estimates.
  • Semiconductor related shares closed lower after French/Italian semiconductor giant, STMicroelectronics, warned.
  • Scottish & Newcastle lost 2.07% on a Reuters report that the giant brewer is taking a minority stake in India's largest brewer, United Breweries.
  • Banking and pharmaceutical shares were strong today too.
  • Marks & Spencer gained 0.82% after outlining today how it intends to return £2 billion to shareholders.
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<---D264--->

Market Summary and Analysis for Tuesday January 22nd. 2002

FTSE 100: 5149.2 = +10.7

FTSE 250: 5939.3 = +8.0

FTSE A/S: 2496.6 = +4.7

TechMARK 100: 1420.3 = -6.0

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 closed higher, while the TechMARK 100 closed lower for the second day in a row. Gainers included: 3i Group Plc, Abbey National Plc, Acambis Plc, AEA Technology, Alliance & Leicester Plc, Anglo American Plc, ARM Holdings, Astrazeneca Plc, Axis-Shield Plc, Azlan Group Plc, BAA Plc, BG Group Plc, BHP Billiton Plc, Boots Co. Plc, Brambles Industries, British Airways Plc, British Land Co. Plc, BskyB Plc, Cable & Wireless, Cadbury Schweppes Plc, Canary Wharf Plc, CGNU Plc, Chemring Group Plc, Cobham Plc, Colt Telecom Group, Computacenter Plc, Dicom Group Plc, Dimension Data, Dixons Group Plc, Domino Printing, Emblaze Systems Plc, EMI Group Plc, Fibernet Group Plc, First Technology Plc, Galen Holdings Plc, GlaxoSmithKline Plc, Hanson Plc, HBOS Plc, HSBC Holdings Plc, ICI Plc, Imperial Tobacco, Intec Telecom Plc, International Power, Invensys Plc, Isoft Group Plc, J Sainsbury, Kingston Communications, KS Biomedix Plc, Land Securities Plc, Legal & General Plc, Lloyds TSB, Lynx Group Plc, Merant Plc, Misys Plc, Morrison Supermarket, National Grid, Ncipher Plc, Next Plc, Northern Rock, Old Mutual Plc, Parity Group Plc, Pearson Plc, Powderject Pharmaceuticals, Project Telecom Plc, Reckitt Benckiser Plc, Reed International, Rentokil Initial Plc, Reuters Group Plc, Rio Tinto Plc, Rolls Royce Plc, Roxboro Group Plc, Royal & Sun Alliance, Royal Bank of Scotland, SA Breweries Plc, Sage Group Plc, Schroders Plc, Scottish & Newcastle, Shire Pharmaceuticals Group Plc, Spirent Plc, Standard Chartered Bank, Surfcontrol Plc, Synastar Plc, Tesco Plc, Torex Plc, Ultra Electronics Holdings, Unilever Plc, and Whatman Plc.

REASONS FOR ACTIVITIES

  • Euro Zone Consumer Price Index (CPI) held steady at 2.1% in December. The Core CPI, which excludes volatile energy, tobacco, Alcohol, and food, rose to 2.3%.
  • Media shares staged a comeback today after across the Atlantic press seem to suggest that Federal Reserve Chairman Alan Greenspan's comments last week might have been deemed too pessimistic.
  • HSBC Holdings gained 0.90% after The South China Morning Post of Hong Kong reported that the banking giant is looking for possible acquisitions in Belgium and Thailand.
  • Vodafone Group lost 1.07% after announcing that for Q4 of 2001, it added 4.4 million new customers, which was lower than previous years, as the customer base now stands at 100 million.
  • Insurer CGNU gained 4.43% after reporting that its full year worldwide sales rose 10% to £15 billion.
  • Software shares weren't too bad either.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Chemring Group gained 2.12% after reporting full year pretax profits of £9.4 million, a 32% increase, on turnover of £95.2 million, a 42% increase.
  • Misys gained 0.94% after announcing that it will develop an electronic trading software for insurers: Friends Provident, CGNU's Norwich Union, and Lloyds TSB's Scottish Widows.
  • P&O Princess lost 0.75% after US based Carnival Cruise Lines announced that it will take its 500p/share bid to shareholders.
  • Mining shares were better today, and so were pharmaceutical shares.
  • Northern Rock gained 0.61% on a Merrill Lynch Upgrade to a "buy", while Alliance & Leicester gained 0.87% despite a Merrill Lynch downgrade to "reduce".
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<---D263--->

Market Summary and Analysis for Monday January 21st. 2002

FTSE 100: 5138.5 = +11.7

FTSE 250: 5931.3 = -16.4

FTSE A/S: 2491.9 = +3.9

TechMARK 100: 1426.3 = -3.4

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 closed higher, while the TechMARK 100 closed lower today. Gainers included: 3i Group Plc, AIT Group Plc, Alliance & Leicester Plc, Allied Domecq Plc,  Amersham Plc, Anite Group Plc, Antisoma Plc, Associated British Foods, Astrazeneca Plc, BAE Systems Plc, Baltimore Technology, Barclays Plc, BG Group Plc, BHP Billiton, BOC Group Plc, BP Amoco Plc, British Land Co. Plc, Cadbury Schweppes Plc, CGNU Plc, CMG Plc, Diageo Plc, Dicom Group Plc, Domino Printing, Electrocomponent, Emblaze Systems Plc, Filtronic Plc, Friends Provident Plc, Galen Holdings Plc, Gallaher Group Plc, GlaxoSmithKline Plc, Great Portland Estates Plc, Hanson Plc, HBOS Plc, HSBC Holdings Plc, ICI Plc, Imperial Tobacco Plc, Innogy Holdings, Invensys Plc, IQE Plc, J Sainsbury Plc, Kingfisher Plc, Kingston Communications Plc, Land Securities Plc, Lattice Group Plc, Lloyds TSB Plc, Lynx Group Plc, Man Group Plc, Marconi Plc, Marks & Spencer Plc, Medisys Plc, Merant Plc, Monsoon Plc, Morrison Supermarket Plc, National Grid Plc, Ncipher Plc, Next Plc, Northern Rock Plc, Old Mutual, Parity Group Plc, Powergen Plc, Reckitt Benckiser Plc, Rolls Royce Plc, Royal Bank of Scotland, Royalblue Group Plc, Schroders NV, Scottish Power Plc, Slough Estate Plc, Smith & Nephew Plc, Spectris Plc, Spirent Plc, Standard Chartered Bank, Telewest Communications, Telework Systems, Tesco Plc, TTP Communications, Ultra Electronics Holdings, Unilever Plc, United Utilities Plc, Wolseley Plc, Woolworths Plc.

REASONS FOR ACTIVITIES

  • Land Securities gained 2.26% on news that it is about to be acquired. Other property developers gained on the news too.
  • Marconi gained 1.57% despite a downgrade from Teather & Greenwood to a "hold" recommendation.
  • BG Group gained 0.27% after signing an agreement with Gaz de France for Egyptian Gas.
  • Defensive shares like Tobacco and Utilities gained.
  • CMG gained 3.15% after Goldman Sachs and Merrill Lynch upgraded it.
  • Marconi gained 1.57% on news that it is about to complete a £3 billion round of new financing.
  • P&O Princess lost 0.51% after rejecting the sweetened bid from Carnival Cruise Line.
  • Clothing retailer Monsoon gained 8.77% after announcing that for the 4 weeks ending December 22nd, its like-for-like sales rose 11%.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Filtronic gained 19.52% due to analysts' good outlook on its Third Generation (3G) CDMA products, despite announcing that its first half pretax losses almost doubled to £4.5 million.
  • Online banker Egg lost 4.05%, and its 80% majority holder Prudential also closed lower after Egg confirmed it is taking a major stake in France based online bank, Zebank, a unit of Billionaire Bernard Arnault's Groupe Arnault.
  • Thus lost 11.24% on fears that its former parent, Scottish Power, might flood the market with Thus' shares. Thus is trying to stay independent of its former parent.
  • Antisoma gained 11.29% after reporting that its DMXAA™ Cancer Drug is showing good results against Cancer tumours.
  • Media shares closed lower as advertisement revenue recovery continue to be a concern in the sector.
  • telecommunications shares closed lower after Morgan Stanley downgraded Nokia to a "market underperformer".
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Market Summary and Analysis for Friday January 18th. 2002

FTSE 100: 5126.8 = -11.6

FTSE 250: 5947.7 = +1.8

FTSE A/S: 2488.0 = -4.8

TechMARK 100: 1429.7 = -13.1

SUMMARY & ANALYSIS

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower today after IBM, Microsoft, and Nortel reported less than stellar earnings yesterday. Gainers included: Abbey National Plc, Acambis Plc, Airtours Plc, AIT Group Plc, Alliance Trust Plc, Alphameric Plc, Anglo American, Anite Group Plc, Astrazeneca Plc, AWG Plc, Axis-Shield, Barratt Developments, BG Group Plc, Boots Co. Plc, Britannic Plc, British Airways Plc, British American Tobacco, British Land Co. Plc, Canary Wharf Plc, Capita Group Plc, Celltech Group Plc, Collins Stewart Plc, Computacenter Plc, Corus Group Plc, Daily Mail & General Trust, Diageo Plc, Dicom Group Plc, Domino Printing Plc, Eidos Plc, Enterprise Oil, Fibernet Group Plc, First Technology, Galen Holdings Plc, Gallaher Group Plc, Genemedix Plc, GlaxoSmithKline, Granada Plc, Hanson Plc, Hilton Group Plc, Imagination Technology, Indigovision Group, Innogy Holdings Plc, Intec Telecom Plc, Land Securities Plc, Lattice Group Plc, Legal & General, Lynx Group Plc, Marlborough Sterling Plc, Marks & Spencer Plc, Motion Media Plc, Ncipher Plc, Next Plc, Oxford Instruments, Pace Micro Tech, Parity Group Plc, Parthus Tech, Project Telecom, Prudential Plc, Rio Tinto Plc, Roxboro Group Plc, Royalblue Group Plc, Schroders Plc, Scottish & Newcastle, Scottish & Southern Energy Plc, Severn Trent Plc, Shire Pharmaceuticals Group Plc, Six Continents Plc, Spectris Plc, Standard Chartered Bank, Turbo Genset Plc, Ultra Electronics Holdings, Unilever Plc, Vernalis Plc, WPP Group Plc, and Xansa Plc.

REASONS FOR ACTIVITIES

  • GlaxoSmithKline gained 3.48% after a US advisory panel accepted the expanded use of its Asthma drugs, Flovent™ and Advair™.
  • Industrial gases giant BOC Group lost 0.30% after warning that its BOC Edwards unit will affect profits, and so will the Japanese Yen and the South African Rand.
  • Elan lost 11.58% after suspending clinical trials for its Alzheimer's treatment drug.
  • Christian Salvesen lost 8.05% after warning that its profits will be hurt by its Spanish operations, and a weak demand in German automotive and engineering sectors.
  • Banking, Technology, Media, and telecommunications were hit hard today.
  • Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.
  • Allied Domecq lost 1.77% after announcing that it will develop flavored malt beverages with US based Miller Brewing company. Allied Domecq also stated that Mexican excise duty rebates could increase earnings by £110 million. Allied Domecq expects to meet its first half estimates, but warned that the economic slowdown could hinder revenue growth.
  • Stockbroker Collins Stewart gained 8.01% after announcing that it expects to beat 2001 city estimates: Operating profit is expected to rise by 8%, revenue by 10%, and expects to beat city pretax profit estimates by 40%.
  • BT Group lost 0.93% after telecommunications industry regulators, Oftel, told the company to cut the connection and rental charges it charges rival carriers.

 

 

 

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