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LONDON STOCK EXCHANGE DAILY MARKET SUMMARY
AND ANALYSIS (Late Edition) ARCHIVES
<---D280--->
Market
Summary and Analysis for Wednesday February 13th.
2002
FTSE
100: 5153.9 = +18.2
FTSE
250: 5813.3 = -13.8
FTSE
A/S: 2488.4 = +6.4
TechMARK
100: 1277.7 = -12.6
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed higher,
while the TechMARK 100 closed lower. Gainers included:
Acambis Plc, AIT Group Plc, Alliance & Leicester
Plc, Allied Domecq Plc, Amersham Plc, Anglo American
Plc, Associated British Foods, Astrazeneca Plc,
BAA Plc, Baltimore technology, Barclays Plc, BG
Group Plc, BHP Billiton, Biocompatibles Plc, BP
Amoco Plc, Brambles Industries, British American
Tobacco Plc, British Land Co. Plc, BTG Plc, Cadbury
Schweppes Plc, Cambridge Antibody, Canary Wharf
Plc, Capita Group Plc, Celltech Group Plc, CMG
Plc, Compass Group Plc, Computacenter Plc, Daily
Mail & General Trust, Diageo Plc, Dixons Group
Plc, Domino Printing Plc, Eidos Plc, Emblaze Systems
Plc, Enterprise Oil Plc, Galen Holdings, Gallaher
Group Plc, Generics Group Plc, GlaxoSmithKline
Plc, HBOS Plc, Hilton Group Plc, HSBC Holdings
Plc, ICI Plc, Imagination Technology, Imperial
Tobacco Plc, Indigovision Group Plc, Innogy Holdings
Plc, Innovation Group Plc, ITNet Plc, ITouch Plc,
J Sainsbury Plc, Lattice Group Plc, Lloyds TSB
Plc, Man Group Plc, Misys Plc, Ncipher Plc, Northern
Rock Plc, Old Mutual, Oxford Glycosciences, Pace
Micro Tech Plc, Phytopharma Plc, Powergen Plc,
Psion Plc, Rio Tinto Plc, RM Plc, Royal Bank of
Scotland, SA Breweries Plc, Safeway Plc, Schroders
Plc, Scottish & Newcastle Plc, Shell Transport
& Trading Plc, Shire Pharmaceuticals Group
Plc, Six Continents Plc, SMG Plc, Smiths Group
Plc, Telemetrix Plc, Tesco Plc, Torex Plc, Torotrak
Plc, Turbo Genset Plc, Unilever Plc, United Utilities
Plc, Vernalis Group Plc, Whatman Plc, and WPP
Group Plc.
REASONS
FOR ACTIVITIES
- The
UK Unemployment Rate declined to 3.2% in January.
- Sage
group lost 5.86% after a US research report
stated that Sage's acquisition value of Interactive
Commerce Corporation might have to be written
down.
- Oil
shares enjoyed another rally today, due mostly
to the stellar earnings results from BP Amoco
yesterday.
- Telewest
Communications lost 23.08% after Merrill Lynch
downgraded it to a "neutral".
- Royal
Doulton lost 20% after reporting fiscal 2001
pretax loss of £12.4 million, as like-for-like
sales declined 4%. Royal Doulton plans to
raise £18.9 million in a rights issue, and
cut about 1,000 jobs so as to get out of the
red in 2003.
- Cable
& Wireless lost another 4.37% and took
telecommunications lower on its US Securities
and Exchange Commission (SEC) investigation
concerns. Mobile phone operator, MmO2, closed
at its all-time lows today.
-
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- Cadbury
Schweppes gained 4.77% after reporting fiscal
2001 sales that rose 21% to £5.5 billion.
Cadbury is confident that the decline in US
carbonated drinks consumption will not affect
it badly, since it plans to increase market
share of its non-carbonated brands like Snapple™
and Orangina™. Cadbury Schweppes is interested
in further acquisitions of non-carbonated
brands.
- British
Airways lost 1.96% after unveiling its cost
cutting plan that involves job cuts and leaning
towards lesser frills. Analysts expected more.
- Defensive
shares like Drugs, Food, and Beverages gained
as investors viewed them safer.
- Banking
shares closed mixed.
- Mining
shares gained as rising commodities prices
find the sector safer than say, telecommunications.
- Kewill
Systems lost 19.12% after warning about its
end of 2001 numbers.
- Energy
shares closed lower as the UBS Warburg Energy
Conference in New York doesn't seem to be
hinting on a quick recovery in the sector.
-
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NEW
SERVICES: We now have operations in these
countries: Australia,
Canada,
South
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& Ireland, and United
States. Please take full advantage
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PICKS
FOR NEXT MARKET DAY
- This
week will be reasonably better, if the "fuzzy"
accounting problems in the US cool down
enough to give investors some confidence
again.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D279--->
Market
Summary and Analysis for Tuesday February 12th.
2002
FTSE
100: 5135.7 = -26.1
FTSE
250: 5827.1 = +5.9
FTSE
A/S: 2482.0 = -10.4
TechMARK
100: 1290.3 = -5.8
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower today due to corporate accounting
concerns on both sides of the Atlantic. Gainers
included: Abbey National Plc, AEA Technology,
Allied Domecq Plc, Allied Irish Bank (AIB), Alphameric
Plc, Amersham Plc, Anglo American Plc, ARM Holdings
Plc, Astrazeneca Plc, BP Amoco Plc, British Airways
Plc, British Biotech Plc, British Land Co. Plc,
BTG Plc, Cadbury Schweppes Plc, Canary Wharf Plc,
Capita Group Plc, Centrica Plc, CGNU Plc, Cobham
Plc, Dixons Group Plc, Elan Corp, Filtronic Plc,
First Technology, Galen Holdings, Gallaher Group
Plc, GlaxoSmithKline Plc, Hilton Group Plc, ICI
Plc, Imperial Tobacco Plc, J Sainsbury Plc, Kingfisher
Plc, Land Securities Plc, London Bridge Software,
Medisys Plc, Morrison Supermarket, Ncipher Plc,
Next Plc, Old Mutual, Premier Farnell Plc, Reckitt
Benckiser, Regent Inns Plc, Rio Tinto Plc, RM
Plc, Royal & Sun Alliance, SA Breweries Plc,
Safeway Plc, Scipher Plc, Scottish & Southern
Energy Plc, Serco Group Plc, Shell Transport &
Trading Plc, Shire Pharmaceuticals Group Plc,
Six Continents Plc, Skyepharma Plc, Smith &
Nephew Plc, Smiths Group Plc, Standard Chartered
Bank, Tomkins Plc, Trafficmaster Plc, Unilever
Plc, Vernalis Group Plc, Victrex Plc, Whatman
Plc, Wolseley Plc, Xaar Plc, Xansa Plc, and Yule
Cato Plc.
REASONS
FOR ACTIVITIES
- The
UK Consumer Price Index (CPI), a good measure
of consumer inflation, rose a stronger than
expected 2.6% in January. The Core CPI, which
excludes volatile tobacco, food, and energy,
gained 1.6% in the same period - It is beginning
to look like the Bank of England might start
raising interest rates earlier than thought.
- BP
Amoco gained 0.65% and took oil shares higher
after reporting full year 2001 net profit
of £9.2 billion, despite a 46% decline in
fiscal Q4 profits.
- Reuters
Group lost 6.76% and took media shares lower
after reporting fiscal 2001 pretax profits
that declined 34% to £304 million. Reuters
also lowered its 2002 earnings outlook by
10%.
- Plastics
company Victrex gained 12.74% after stating
at its AGM that its business is recovering.
- Cable
& Wireless lost 3.70% and took telecommunications
lower on news that the US Securities and Exchange
Commission (SEC) is investigating its account
practices and those of other recently formed
European telcos.
-
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- Technology
shares, especially networking shares, were
lower today after Canada's Nortel Networks
announced late Monday the resignation of its
CFO for share dealing after the allocated
"trading window" passed.
- Defensive
shares like Drugs, Food, and Beverages gained
as investors viewed them safer.
- Guardian
IT lost 41.89% after announcing that it overstated
2001 profits by as much as £2.5 million, due
primarily to last year's accounting discrepancies.
- Banking
shares closed lower on profit taking due to
their recent rise.
- InterX
lost 63.64% after the software company reported
losses of £153.1 million for fiscal Q2 that
ended December 31st. InterX reported that
it had £6.2 million in cash on hand at the
end of the quarter - which comes up a cash
burn rate of about £1 million a month! Beeson
Gregory reiterated its "sell" on
the shares and expects the company to seek
bankruptcy protection very soon.
- Thus
lost 6.06% after making known that its March
19th. planned demerger from Scottish Power
will mean that Scottish Power shareholders
will get about 53 shares of Thus for every
100 shares of Scottish Power they own.
-
-
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
- This
week will be reasonably better, if the "fuzzy"
accounting problems in the US cool down
enough to give investors some confidence
again.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D278--->
Market
Summary and Analysis for Monday February 11th.
2002
FTSE
100: 5161.8 = +33.7
FTSE
250: 5821.2 = +30.4
FTSE
A/S: 2492.3 = +15.6
TechMARK
100: 1296.1 = +13.1
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher again today on optimism about
a quick recovery. Gainers included: Abbey National
Plc, Acambis Plc, AEA Technology, Alliance &
Leicester Plc, Allied Domecq Plc, Alphameric Plc,
Amersham Plc, Anglo American Plc, ARM Holdings
Plc, Associated British Foods Plc, Astrazeneca
Plc, Autonomy Corp, Barclays Plc, BG Group Plc,
BHP Billiton, British Airways Plc, British American
Tobacco Plc, British Land Co. Plc, BT Group Plc,
Cable & Wireless Plc, Canary Wharf Plc, Capita
Group Plc, CGNU Plc, Cobham Plc, CRC Group Plc,
Daily Mail & General Trust Plc, Diageo Plc,
Diagonal Plc, Dixons Group Plc, Elan Corp, EMI
Group Plc, Energis Plc, Filtronic Plc, First Technology,
Friends Provident Plc, Gallaher Group Plc, GlaxoSmithKline
Plc, Granada Plc, HBOS Plc, Hilton Group Plc,
HSBC Holdings Plc, ICI Plc, Imagination Technology
Plc, International Power Plc, J Sainsbury Plc,
Kingfisher Plc, Land Securities Plc, Legal &
General Plc, Lloyds TSB Plc, London Bridge Software,
Man Group Plc, Medisys Plc, Merant Plc, Misys
Plc, Morrison Supermarket, Motion Media Plc, National
Grid, Next Plc, P&O Princess Plc, Pace Micro
Tech, Pearson Plc, Powergen Plc, Reckitt Benckiser,
Reed International Plc, Regus Plc, Rio Tinto Plc,
RM Plc, Royal & Sun Alliance, Royal Bank of
Scotland Plc, Royalblue Group Plc, Safeway Plc,
Schroders Plc, Schroders NV, Shell Transport &
Trading Plc, Shire Pharmaceuticals Group Plc,
Singer & Friedlander, Six Continents Plc,
Skyepharma Plc, Smiths Group Plc, Standard Chartered
Bank, Torex Plc, Trafficmaster Plc, TTP Communications,
Unilever Plc, Vernalis Group Plc, Whatman Plc,
and Xansa Plc.
REASONS
FOR ACTIVITIES
- Elan
gained 7.82% and led drug shares higher.
- Banking
shares gained as their reporting season starts
this week.
- Oil
shares closed lower today, while oil prices
rose.
- Rolls
Royce lost 5.03% after Goldman Sachs expressed
concerns about its off and on balance sheet's
huge debts.
- P&O
Princess gained as week get closer to the
showdown between the board and rival bidder
Carnival on Thursday's EGM.
- Mining
shares closed surprisingly strong considering
a downgrade of US based Newmont Mining by
Prudential Securities to a "sell",
and cut its price target to $10/share.
- Defensive
shares like tobacco were surprisingly strong
today.
-
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commodities, derivatives, foreign exchange,
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- Cable
& Wireless gained 1.63% and BT Group also
gained after Morgan Stanley upgraded Deutsche
Telekom.
- Technology
shares rallied on strong earnings reports
and outlooks from CRC Group, Royalblue, and
Torex.
- Torex
gained 2.34% after reporting that fiscal 2001
pretax profits rose 73% to £16.9 million.
- Royalblue
gained 8.11% after reporting fiscal 2001 pretax
profits that came in at £4.2 million.
- CRC
Group gained 2.26% after reporting fiscal
2001 pretax profits that almost doubled to
£5.8 million. CRC Group however, announced
that its CEO who has helped it see these spectacular
results, will be leaving in March to pursue
other interests.
- Fund
Management shares gained as US markets rallied
on optimism of a quicker recovery.
-
-
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
- This
week will be reasonably better, if the "fuzzy"
accounting problems in the US cool down
enough to give investors some confidence
again.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D277--->
Market
Summary and Analysis for Friday February 8th.
2002
FTSE
100: 5128.1 = +1.1
FTSE
250: 5790.8 = +31.9
FTSE
A/S: 2476.7 = +2.3
TechMARK
100: 1283.0 = +2.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher. Gainers included: 3i Group
Plc, Abbey National Plc, AEA Technology, Amersham
Plc, Amvescap Plc, ARM Holdings Plc, Autonomy
Corp, BAE Systems Plc, Barclays Plc, BG Group
Plc, Biocompatibles Plc, British Biotech Plc,
British Land Co. Plc, BskyB Plc, BT Group Plc,
Cable & Wireless Plc, Carlton Communications,
Capital Group Plc, CMG Plc, Cobham Plc, Electrocomponent
Plc, EMI Group Plc, Energis Plc, Filtronic Plc,
Friends Provident Plc, Galen Holdings Plc, GlaxoSmithKline
Plc, Granada Plc, GUS Plc, HSBC Holdings Plc,
ICI Plc, Innogy Holdings Plc, International Power
Plc, Kingfisher Plc, Man Group Plc, Motion Media
Plc, National Grid, Ncipher Plc, Pace Micro Tech,
Parity Group Plc, Pearson Plc, Prudential Plc,
Psion Plc, Reckitt Benckiser, Reed International
Plc, Renishaw Plc, Reuters Group Plc, Rolls Royce
Plc, Royal Bank of Scotland Plc, Sage Group Plc,
Shire Pharmaceuticals Group Plc, Smith & Nephew
Plc, Standard Chartered Bank, Telemetrix Plc,
Thus Plc, Torex Plc, WPP Group Plc, and Xansa
Plc.
REASONS
FOR ACTIVITIES
- BskyB
gained 3.42% and lifted media shares after
reporting second half operating profit that
met city estimates, and its digital subscriber
base rose to 5.7 million customers. BskyB
also announced that it is writing off its
investment in Germany Pay-per-view operator,
Kirchplay TV. BskyB expects advertisement
revenue to rise for the first half of this
year.
- Invensys
lost 3.70% on a Moody's Investor Services
downgrade.
- Oil
shares closed lower again today, and were
the primary drag on the FTSE 100.
- Rentokil
Initial lost 2.85% after flooding the market
with 30 million new shares.
- P&O
Princess lost 1.59% after rejecting the sweetened
offer from Carnival. A showdown is now set
for the EGM on February 14th.
- Mining
shares closed lower due to profit taking as
Gold prices closed above the $305/ounce levels
again.
-
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.
- Banking
and telecommunications were generally weak
today.
- Misys
lost 5.74% after Goldman Sachs flooded the
market with about 4% of Misys' shares at a
deep discount.
- Biocompatibles
gained 9.77% after announcing the start of
Stage III clinical trials for its drug-coated
heart Stents.
- Psion
gained 8.81% as analysts became more upbeat
about its Symbian joint venture, which secured
more funding recently.
- Irish
drug company Elan lost 6.63% after announcing
that the US Securities and Exchange Commission
(SEC) is investigating its accounting practices.
- Sage
gained 0.67% despite The Guardian newspaper's
comments that Sage doesn't use standard accounting
practices when dealing with acquisitions so
as to avoid write offs.
-
-
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
- This
week should be reasonably better, if the
"fuzzy" accounting problems in
the US cool down enough to give investors
some confidence again.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D276--->
Market
Summary and Analysis for Thursday February 7th.
2002
FTSE
100: 5127.0 = +53.2
FTSE
250: 5758.9 = +2.6
FTSE
A/S: 2474.4 = +21.9
TechMARK
100: 1280.8 = -9.3
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed higher,
while the TechMARK 100 closed lower again. Gainers
included: 3i Group Plc, Abbey National Plc, Aberdeen
Asset Management Plc, Amersham Plc, Amvescap Plc,
ARM Holdings Plc, Astrazeneca Plc, Autonomy Corp,
BAA Plc, BAE Systems Plc, Barclays Plc, BG Group
Plc, BOC Group Plc, Brambles Industries Plc, British
Land Co. Plc, BskyB Plc, BT Group Plc, Carlton
Communications, Capital Group Plc, CGNU Plc, CMG
Plc, Cobham Plc, Colt Telecom Group Plc, Daily
Mail & General Trust, Dixons Group Plc, Emblaze
Systems, EMI Group Plc, Fibernet Group Plc, First
Technology Plc, Friends Provident Plc, GlaxoSmithKline
Plc, Granada Plc, GUS Plc, Hanson Plc, HBOS Plc,
Hilton Group Plc, HSBC Holdings Plc, ICI Plc,
Imperial Tobacco Plc, Invensys Plc, Kidde Plc,
Kingfisher Plc, Land Securities Plc, LastMinute.Com
Plc, Lattice Group Plc, Legal & General Plc,
Lloyds TSB Plc, London Bridge Software Plc, Marconi
Plc, Marks & Spencer Plc, Medisys Plc, Meggitt
Plc, MmO2 Plc, Morrison Supermarket Plc, Morse
Plc, National Grid, Next Plc, Northern Rock Plc,
Northgate Information Services Plc, Old Mutual,
Oxford Instruments Plc, P&O Princess Plc,
Pace Micro Tech, Parity Group Plc, Parthus Technology,
Pearson Plc, Prudential Plc, Reed International
Plc, Renishaw Plc, Reuters Group Plc, Rolls Royce
Plc, Royal & Sun Alliance Plc, Royal Bank
of Scotland Plc, SA Breweries Plc, Sage Group
Plc, Schroders Plc, Scipher Plc, Scottish &
Southern Energy Plc, Six Continents Plc, Smith
& Nephew Plc, Spectris Plc, Standard Chartered
Bank, Telemetrix Plc, Tesco Plc, Thus Plc, Torex
Plc, Unilever Plc, United utilities Plc, Vodafone
Group Plc, Whatman Plc, Wolseley Plc, and WPP
Group Plc.
REASONS
FOR ACTIVITIES
- The
Bank of England decided to leave its Repo
(Interest) Rates unchanged at 4.0%, its lowest
levels in 37 years.
- UK
Industrial Production declined 0.5% in December
to a 100.9 level. Manufacturing Output declined
6.4% for the year 2001, its largest yearly
decline since 1991.
- The
European Central Bank (ECB) left its Repo
(Interest) Rates unchanged at 3.25%.
- BT
Group gained 5.07% and pushed telecoms higher
after reporting fiscal Q3 pretax profits that
beat city estimates by £51 million to £381
million.
- Shell
lost 0.62% and took oil shares down after
reporting fiscal Q4 net income of $1.9 billion,
which was at the lower end of city estimates.
- Banking
shares gained as confidence returned to the
market after the Bank of England and the ECB
leaving rates unchanged gave hope of a quick
recovery.
- CMG
gained 7.44% after signing with Hutchinson
3G to provide it with software to power its
data, messaging and picture delivery for its
handheld devices. Logica, a rival of CMG who
has lost out on 2 important contracts in a
row, closed lower.
- Mining
shares closed lower due to profit taking as
Gold prices closed above the $305/ounce levels
again.
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