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LONDON STOCK EXCHANGE DAILY MARKET SUMMARY
AND ANALYSIS (Late Edition) ARCHIVES
<---D300--->
Market
Summary and Analysis for Wednesday March 13th.
2002
FTSE
100: 5272.0 = +19.5
FTSE
250: 6081.0 = -2.7
FTSE
A/S: 2552.0 = +7.9
TechMARK
100: 1222.1 = -0.5
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 gained while
the TechMARK 100 closed lower today. Gainers included:
3i Group Plc, Acambis Plc, Alfred McAlpine Plc,
Allied Domecq Plc, Amersham Plc, Amvescap Plc,
Astrazeneca Plc, Autonomy Corp, BAA Plc, BAE Systems
Plc, Barclays Plc, BATM Advanced Communications
Plc, Biocompatibles Plc, Boots Co. Plc, BP Amoco
Plc, BPB Plc, British American Tobacco Plc, British
Biotech Plc, BskyB Plc, BT Group Plc, Cable &
Wireless Plc, Cadbury Schweppes Plc, Capita Group
Plc, Carillion Plc, Centrica Plc, Daily Mail &
General Trust Plc, Diageo Plc, Dixons Group Plc,
Easynet Group Plc, Electrocomponent Plc, Filtronic
Plc, Friends Provident, Gallaher Group Plc, Granada
Plc, GUS Plc, HBOS Plc, HSBC Holdings, ICI Plc,
Imperial Tobacco Plc, Interserve Plc, Invensys
Plc, IQE Plc, J Sainsbury Plc, Kingfisher Plc,
Land Securities Plc, Lloyds TSB Group Plc, Marks
& Spencer Plc, Marlborough Sterling Group
Plc, McCarthy & Stone Plc, Meggitt Plc, Millennium
& Copthorne Hotels Plc, MmO2 Plc, Next Plc,
Northern Rock Plc, Pace Micro Tech, Parthus Technology,
Pearson Plc, Powergen Plc, Psion Plc, Reckitt
Benckiser Plc, Reed International, Safeway Plc,
Sage Group Plc, Schroders Plc, Schroders NV, Scottish
& Newcastle Plc, Shire Pharmaceuticals Group,
Six Continents Plc, Smiths Group Plc, Spectris
Plc, Standard Chartered Trust Plc, Surfcontrol
Plc, Telework Systems, Tesco Plc, Trafficmaster
Plc, Unilever Plc, Vodafone Group Plc, Whatman
Plc, and Wolseley Plc.
REASONS
FOR ACTIVITIES
- Reuters
Group lost 4.32% after its subsidiary Instinet
announced that it will increase rebates it
gives to its best brokerage customers.
- Logica
lost 0.50% after Morgan Stanley announced
that it will lower its revenue and earnings
outlook on the shares.
- Corillian
gained 11.50% after reporting that its 2001
pretax profit rose 8% to £45.1 million, as
dividends rose 7% to 4.4p/share. Corillian's
Order Book rose 30% to £5.2 billion.
- Amersham
gained 4.26% after announcing that its broker
Hoare Govett has already placed the 50 million
shares needed to raise £704 million to buyout
US based Pharmacia out of their Amersham Biosciences
joint venture.
- Cobham
lost 8.68% after losing a re-fuelling system
subcontract from Smiths Aerospace.
- Anglo
American lost 3.27% after reporting full year
pretax profits that rose 34% to $5.1 billion,
while EBITDA declined 12% to $1.77 billion.
- Smiths
Group gained 2.62% after reporting first half
pretax profits that declined £26 million to
£174 million. Smiths Group plans to cut 1,450
jobs in the second half.
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- Construction
services firm Interserve gained 5.80% after
reporting full year pretax profits that rose
to £53.6 million and turnover rose to £1.27
billion. Interserve's Order Book gained to
£3.3 billion.
- Plasterboard
maker BPB gained 5.93% after announcing the
acquisition of James Hardie's US building
materials operations for $345 million. BPB
also announced that it raised £107 million
through a 30 million share placement so as
to finance part of the deal, with the rest
to be financed by debt. This acquisition makes
BPB the world leader in plasterboards.
- Hotels
operator Millennium & Copthorne Hotels
gained 8.20% after reporting 2001 pretax profit
that declined more than half to £54.2 million,
which met city estimates. The company also
announced that it is seen improvements in
its business.
- Defensive
shares like drinks, drugs and tobacco did
very well today. Telecommunications and banks
also did well.
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<---D299--->
Market
Summary and Analysis for Tuesday March 12th. 2002
FTSE
100: 5252.5 = -6.4
FTSE
250: 6083.7 = -35.0
FTSE
A/S: 2544.0 = -4.8
TechMARK
100: 1222.6 = -26.4
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower again today. Gainers included:
Abbey National Plc, Allied Domecq Plc, Astrazeneca
Plc, Autonomy Corp, Azlan Group Plc, BAE Systems
Plc, BG Group Plc, Biocompatibles Plc, BOC Group
Plc, BP Amoco Plc, Cambridge Antibody, Canary
Wharf Plc, Capita Group Plc, Centrica Plc, CGNU
Plc, CMG Plc, Computacenter Plc, Daily Mail &
General Trust Plc, Diageo Plc, Dicom Group Plc,
Dixons Group Plc, Domino Printing Plc, Easynet
Group Plc, Emblaze Systems Plc, Enterprise Oil,
French Connection Plc, Gallaher Group Plc, Generics
Group Plc, GlaxoSmithKline Plc, Guardian IT Plc,
GUS Plc, Gyrus Group Plc, HBOS Plc, Indigovision
Group, Informa Group Plc, Innogy Holdings, Interserve
Plc, Isoft Group Plc, ITNet Plc, Johnston Press
Plc, Kidde Plc, Kingfisher Plc, KS Biomedix Plc,
Land Securities Plc, Lloyds TSB Group Plc, Legal
& General Plc, Marks & Spencer Plc, Marlborough
Sterling Group Plc, Morrison Supermarket Plc,
Morse Plc, Ncipher Plc, Next Plc, Northern Rock
Plc, Powderject Pharmaceuticals, Renishaw Plc,
Rentokil Initial Plc, Ricardo Plc, SA Breweries
Plc, Sage Group Plc, Scottish & Newcastle
Plc, Severn Trent Plc, Shell Transport & Trading,
Spectris Plc, Telework Systems, Thistle Hotels
Plc, Tullows Oil Plc, Unilever Plc, Whatman Plc,
Wolseley Plc, and Wyevale Garden Centres Plc.
REASONS
FOR ACTIVITIES
- The
Office for National Statistics (ONI) reported
that UK Manufacturing Output declined by 0.4%
in January, and 6.1% over the year. The monthly
decline was attributed to the 6.4% decline
in hi-tech manufacturing sector.
- The
Euro Zone Gross Domestic Product (GDP) for
Q4 2001 grew only 0.6%.
- Retailer
French Connection gained 4.15% after reporting
full year pretax profits that rose 30% to
£19.3 million, as UK like-for-like store sales
rose 5%.
- Telecommunications
and technology shares closed lower after Finnish
mobile phone operator Nokia, and US telecommunications
equipment maker Lucent Technologies issued
warnings. Nokia warned that although its earnings
will meet, and might even beat in fiscal Q1,
its sales will be below estimates. Lucent
Technologies warned that its Q1 results will
be below estimates due to telecommunications
companies' reluctance to purchase equipments
due to the weaker global economy.
- Hotels
group Thistle Hotels gained 7.17% after selling
37 London area and regional hotels for £600
million.
- Amersham
lost 4.28% after stating that it will place
50 million shares to raise £704 million and
buy out its US joint venture partner in Amersham
Biosciences.
- Innogy
Holdings gained 1.63% on rumours that Germany's
RWE has made an offer for it.
- Oil
shares and prices gained as tensions between
the US and Iraq continue to mount.
-
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- Media
buying giant Aegis Group lost 3.51% after
warning about a tough trading condition this
year.
- British
Airways lost 3.35% after Germany's Lufthansa
Airlines reported a sharp decline in its full
year profits, and failed to give guidance
on 2002.
- Mining
giant Anglo American lost 1.08% despite announcing
today that it has acquired substantial stakes
in leading South African Iron Ore miners.
Anglo American acquired 34.9% in Anglovaal
Mining, and a 9% stake in South Africa's leading
Iron Ore miner, Kumba Resources.
- Johnston
Press gained 7.28% after agreeing to pay £560
million to acquire Regional Independent Media.
- Wyevale
Garden Centres gained 4.05% after reporting
full year pretax profit that rose to £19.1
million. Gardening TV shows are behind the
gardening boom.
- Celltech
lost 4.42% despite reporting 2001 pretax profits
that were in line with city estimates. Celltech
still has $1.5 billion for a future acquisition.
- Informa
gained 3.93% after reporting full year pretax
profits of £30.1 million.
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analysis and summary of the US Stock Markets.
<---D298--->
Market
Summary and Analysis for Monday March 11th. 2002
FTSE
100: 5258.9 = -26.8
FTSE
250: 6118.7 = +16.4
FTSE
A/S: 2548.8 = -10.0
TechMARK
100: 1249.0 = -11.9
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower today. Gainers included: Abbey
National Plc, Associated British Ports Plc, BAE
Systems, Baltimore Technology Plc, BBA Group Plc,
Beeson Gregory Plc, BG Group Plc, Biocompatibles
Plc, Bovis Homes Group Plc, BP Amoco Plc, Brake
Brothers Plc, British Airways Plc, British American
Tobacco, British Energy Plc, British Land Co.
Plc, BT Group Plc, BTG Plc, Cairn Energy Plc,
Cambridge Antibody, Carlton Communications Plc,
Centrica Plc, Chelsfield Plc, Collins Stewart
Plc, Colt Telecom Group Plc, Cookson Group Plc,
Cordiant Communications Plc, Daily Mail &
General Trust Plc, Diageo Plc, Dimension Data,
Dixons Group Plc, Easyjet Plc, Easynet Group Plc,
Egg Plc, Energis Plc, Exel Plc, Friends Provident
Plc, Granada Plc, Guardian IT Plc, Hanson Plc,
Hilton Group Plc, HSBC Holdings Plc, International
Power Plc, Invensys Plc, J Sainsbury Plc, Jefferson
Smurfit Plc, Kidde Plc, Land Securities Plc, Lattice
Group Plc, Man Group Plc, Northern Rock Plc, P&O
Princess Cruise Plc, Pearson Plc, Rio Tinto Plc,
Rolls Royce Plc, Schroders Plc, Schroders NV,
Schroders Venture Plc, Scottish & Newcastle
Plc, Serco Group Plc, Severn Trent Plc, Six Continents
Plc, Spectris Plc, Telework Systems, Thus Plc,
Torotrak Plc, and Whatman Plc.
REASONS
FOR ACTIVITIES
- Beeson
Gregory gained 1.12% after announcing that
it is in talks with Old Mutual to buy its
securities unit. Old Mutual closed 0.49% lower.
- Paper
and packaging company DS Smith lost 9.65%
after warning about its profits.
- Major
insurance shares closed lower after Zurich
Financial Services reported a sharp decline
in its profits due to US terrorist and increasing
Asbestos claims.
- Brake
Brothers gained 14.77% after announcing a
strategic review that could include looking
for a suitor. Larger caterer, Compass Group,
which is considered a the likely suitor, closed
3.23% lower.
- Technology
and telecommunications shares closed lower
today, mirroring their counterparts across
the Atlantic.
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- Crude
oil prices and oil related shares gained as
it becomes more likely of a US strike against
Iraq.
- Granada
gained 3.82% on speculation that it might
merge with Carlton Communications. Carlton
Communications gained 1.87% on the news.
- Energis
gained 12.27% on a Sunday Telegraph report
that US based Worldcom Group might acquire
it. Worldcom denied the acquisition story.
- Set
top maker Pace Micro Tech lost 10.33% after
news that its largest customer, cable operator
NTL, has signed a set top supply agreement
with South Korea's Samsung.
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<---D297--->
Market
Summary and Analysis for Friday March 8th. 2002
FTSE
100: 5285.7 = +3.6
FTSE
250: 6102.3 = +27.8
FTSE
A/S: 2558.8 = +2.9
TechMARK
100: 1260.9 = +11.3
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher. Gainers included: Allied Domecq
Plc, Amersham Plc, Amvescap Plc, Autonomy Corp,
Axis Shield Plc, Barclays Plc, BG Group Plc, British
Airways Plc, British American Tobacco, BskyB Plc,
Celltech Group Plc, Colt Telecom Group Plc, Compass
Group Plc, Diageo Plc, Dicom Group Plc, Dimension
Data, Eidos Plc, Emblaze Systems, Enterprise Oil,
Gallaher Group Plc, GlaxoSmithKline Plc, Greggs
Plc, Imperial Tobacco Plc, Innogy Holdings, Innovation
Group Plc, IQE Plc, J Sainsbury Plc, Lattice Group
Plc, Legal & General, Logica Plc, Man Group
Plc, Marconi Plc, Marshalls Plc, P&O Princess
Cruise Plc, Parthus Technology, Prudential Plc,
Psion Plc, Reckitt Benckiser Plc, Regus Plc, Royal
Bank of Scotland, SA Breweries Plc, Safeway Plc,
Scottish & Newcastle Plc, Scottish & Southern
Energy Plc, Spirent Plc, Telewest Communications
Plc, Telework Systems, TJ Hughes Plc, Trafficmaster
Plc, Vernalis Group Plc, Vodafone Group Plc, and
WPP Group Plc.
REASONS
FOR ACTIVITIES
- Scottish
Power lost 6.65% after announcing plans to
sell its Southern Water unit to a privately
held investment group, First Aqua, for £2.05
billion.
- Thomas
Clarke lost 3.13% despite reporting full year
pretax profits that rose 84% to £8.4 million,
as turnover rose 34% to £131.8 million.
- Biocompatibles
and British Biotech lost 50.85% and 13.56%
respectively after suspending their joint
venture Biodiv Ysio Stents trials.
- Telewest
Communications gained 16.67% after announcing
that it didn't need to restructure its £5.1
billion debt. Morgan Stanley upgraded the
stock to a "strong buy".
- Crude
Oil prices and shares closed lower after crude
oil prices closed below $22/barrel.
- London
Stock Exchange Plc. lost 0.81% despite announcing
that that February shares traded rose 14%
to 51.6 billion, while daily average number
of trades rose 9% to 180,949.
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- Airports
operator BAA lost 1.35% after announcing that
February traffic at its airports rose 0.3%.
Its major North Atlantic airports however,
weren't so robust.
- Leeds
United FC lost 3.33% after reporting interim
losses that rose to £13.8 million.
- Baker
Greggs gained 2.56% after announcing full
year pretax profits of £32.7 million.
- TJ
Hughes gained 3.72% after JJB Sports agreed
to acquire it for £42.3 million. JJB Sports
closed 10.24% lower.
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recovery.
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<---D296--->
Market
Summary and Analysis for Thursday March 7th. 2002
FTSE
100: 5282.1 = +36.6
FTSE
250: 6074.5 = +100.8
FTSE
A/S: 2555.9 = +20.9
TechMARK
100: 1249.5 = +23.5
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher. Gainers included: 3i Group
Plc, Abbey National Plc, Acambis Plc, Alliance
& Leicester Plc, Amersham Plc, Amvescap Plc,
Anite Group Plc, ARM Holdings Plc, Associated
British Foods Plc, Axis-Shield Plc, Axon Group
Plc, BAA Plc, BAE Systems, Barclays Plc, BATM
Advanced Communications, BG Group Plc, BHP
Billiton Plc, BOC Group Plc, Bookham Technology,
BP Amoco Plc, Brambles Industries Ltd, British
Airways Plc, British Land Co. Plc, BskyB Plc,
BTG Plc, Cable & Wireless Plc, Cambridge Antibody,
Canary Wharf Plc, Centrica Plc, Colt Telecom Group
Plc, Computacenter Plc, Diageo Plc, Eidos Plc,
Elan Corp, Electrocomponent Plc, EMI Group Plc,
Energis Plc, Filtronic Plc, Friends Provident,
GKN Plc, Granada Plc, Hanson Plc, Hays Plc, Hilton
Group Plc, Imagination Technology, Imperial Tobacco
Plc, Invensys Plc, IQE Plc, Kidde Plc, Kingston
Communications Plc, Land Securities Plc, Lattice
Group Plc, Lawrence Plc, Legal & General,
Lloyds TSB Plc, Man Group Plc, Marconi Plc, Merant
Plc, Misys Plc, MmO2 Plc, Morse Plc, National
Grid Plc, Northgate Information Services, Old
Mutual Plc, Oxford Instruments, P&O Princess
Cruise Plc, P&O Steam Navigation Plc, Parthus
Tech, Pearson Plc, Powergen Plc, Project Telecom
Plc, Prudential Plc, Reed International Plc, Rentokil
Initial Plc, Reuters Group Plc, Rolls Royce Plc,
Royal Bank of Scotland, SA Breweries Plc, Sage
Group Plc, Scipher Plc, Schroders Plc, Schroders
NV, Severn Trent Plc, Shell Transport & Trading,
Six Continents Plc, Smiths Group Plc, Standard
Chartered Bank Plc, Telemetrix Plc, Telewest Communications,
United Utilities Plc, Vodafone Group Plc, and
Wolseley Plc.
REASONS
FOR ACTIVITIES
- The
Bank of England Held interest rates unchanged
at 4.0%.
- The
European Central Bank (ECB) held the Euro
Zone interest rates unchanged at 3.25%.
- BAE
Systems gained 3.52% after South African Airways
placed a $3.5 billion, 10 year order for 60
Airbus jets - this will mean the airline's
aircraft will be all Airbuses.
- Rolls
Royce gained 7.50% after announcing full year
profits that rose 9% to £475 million, as turnover
rose 8% to £5.8 billion. Rolls Royce also
won a $400 million Trent 500™ Jet engines
for the South African Airways order. Rolls
Royce now has its order book at a record £14.4
billion.
- Imperial
Tobacco gained 8.89% after agreeing to acquire
German cigarette giant Reemtsma, for 5.8 Billion
Euros. Imperial Tobacco will finance 1.6 Billion
Euros with a 2-for-5 rights issue.
- Crude
Oil prices rose 98 cents to $23.70/barrel
as the US and Iraq talk tough.
- Innogy
Holdings lost 2.0% despite news in The Financial
Times that German energy giant, RWE, might
raise its £2.8 billion bid for the UK's largest
electricity supplier.
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- Energis
gained 21.75% after its bankers agreed to
more funding for the company.
- Oxford
Glycosciences lost 8.88% after its CEO, Michael
Kranda, announced that he will leaving at
the end of the year.
- Ports
operator P&O Steam Navigation gained 12.67%
after reporting full year operating profit
that declined 25%, and plans to cut 1,000
jobs.
- Vodafone
Group gained 1.98% on news that its Japanese
unit, which ranks #3 in Japan, is gaining
market share at the expense of #2 mobile carrier,
KDDI.
- MmO2
gained 5.51% on rumours that France Telecom
is pulling out of Mobilcomm, a German joint
venture between France Telecom and MmO2 subsidiary,
Viag. The market thinks this will now make
Viag a good acquisition target.
- GKN
gained 2.38% despite warning about its Q1
results due to poor demand for Helicopters
and other costs.
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evidence builds for a quick recovery.
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analysis and summary of the US Stock Markets.
<---D295--->
Market
Summary and Analysis for Wednesday March 6th.
2002
FTSE
100: 5245.5 = +31.5
FTSE
250: 5973.7 = +9.3
FTSE
A/S: 2535.0 = +13.5
TechMARK
100: 1226.1 = +0.3
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher following the lead of US markets.
Gainers included: 3i Group Plc, Abbey National
Plc, AEA Technology, Alliance & Leicester
Plc, Allied Domecq Plc, Amersham Plc, Anglo American
Plc, ARM Holdings Plc, Arriva Plc, Associated
British Foods Plc, Autonomy Corp, BAA Plc, BAE
Systems, Barclays Plc, BATM Advanced Communications,
BHP Billiton Plc, BOC Group Plc, Bookham Technology,
Boots Co. Plc, Brambles Industries Ltd, British
Airways Plc, BT Group Plc, Cable & Wireless
Plc, Cambridge Antibody, CGNU Plc, CMG Plc, Colt
Telecom Group Plc, Compass Group Plc, Diagonal
Plc, Dicom Group Plc, Domino Printing, Easynet
Group Plc, Electrocomponent Plc, Emblaze Systems,
Energis Plc, Friends Provident, Gallaher Group
Plc, Genemedix Plc, Granada Plc, Hanson Plc, Hilton
Group Plc, Hit Entertainment, HSBC Holdings Plc,
ICI NP, Imagination Technology, Intec Telecom
Plc, International Power, Invensys Plc, IQE Plc,
ITNet Plc, J Sainsbury Plc, Kingston Communications
Plc, Legal & General, Lloyds TSB Plc, Meggitt
Plc, MmO2 Plc, Morse Plc, National Grid Plc, Ncipher
Plc, Old Mutual Plc, Oxford Glycosciences Plc,
Oxford Instruments, P&O Princess Cruise Plc,
Pace Micro Tech, Parity Group Plc, Parthus Technology
Plc, Pilkington Plc, Psion Plc, Reckitt Benckiser
Plc, Redrow Group Plc, Rentokil Initial Plc, Reuters
Group Plc, Rexam Plc, Rio Tinto Plc, Rolls Royce
Plc, Rotork Plc, Royal & Sun Alliance, SA
Breweries Plc, Safeway Plc, Scipher Plc, Schroders
Plc, Schroders NV, Scottish & Newcastle Plc,
Scottish Power, Scottish & Southern Energy,
Severn Trent Plc, Shell Transport & Trading,
Shire Pharmaceuticals Group Plc, Six Continents
Plc, Spirent Plc, Standard Chartered Bank Plc,
Synstar Plc, Telemetrix Plc, Telewest Communications,
Thus Plc, Torotrak Plc, United Utilities Plc,
Vernalis Group Plc, Vodafone Group Plc, Whatman
Plc, and WPP Group Plc.
REASONS
FOR ACTIVITIES
- Vodafone
Group and MmO2 gained after their US mobile
phone rival, Sprint, raised its Q1 new customers
outlook.
- Celltech
Group lost 2.33% after Schroder Salomon Smith
Barney downgraded it to a "neutral".
- Astrazeneca
lost 1.15% after a British court rejected
its 2 patents claim for Omerprazole™.
- Hit
Entertainment gained 5.76% after reporting
interim profits that rose nearly 400% to £15.2
million, as turnover rose about 366% to £58
million, thanks to the stellar performance
of its Bob the Builder™ and Barney™ children's
characters.
- Hays
lost 3.90% after JP Morgan and Morgan Stanley
downgraded it to "market perform"
and "neutral" respectively, due
to its poor outlook reported yesterday.
- The
Bank of England Monetary Policy Committee
started their first of 2 day meetings today
- the markets expect interest rates to be
held steady.
-
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- Tobacco
group, Gallaher, gained 1.79% after reporting
full year pretax profits that rose 10.6% to
£387 million, as turnover rose 30% to £5.8
billion. Gallaher sees 2002 results meeting
city estimates.
- Big
Food Group, formerly known as Iceland Group,
lost 10.25% after announcing results of its
strategic review that calls for internal cash
flow increases, etc.
- Friends
Provident gained 6.70% after reporting its
second half pretax profit that rose to £321
million. Friends Provident is looking forward
to a good 2002.
- Baltimore
Technology lost 5.66% after reporting full
year 2001 losses of £659.7 million, more than
6 times the losses of a year ago, while revenue
was almost unchanged at £70.4 million. Baltimore
Technology spent £86.6 million in cash for
the period, and now has only £21.2 million
in cash.
- Arriva,
Rexam, and Rolls Royce closed higher on the
eve of their earnings reports.
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evidence builds for a quick recovery.
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<---D294--->
Market
Summary and Analysis for Tuesday March 5th. 2002
FTSE
100: 5214.0 = -28.0
FTSE
250: 5964.4 = -4.1
FTSE
A/S: 2521.6 = -11.1
TechMARK
100: 1225.8 = -12.5
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower today on earnings warnings. Gainers
included: 3i Group Plc, Abbey National Plc, AEA
Technology, Allied Domecq Plc, Alphameric Plc,
Amersham Plc, Antofagasta, Arc International Plc,
Associated British Ports Plc, Autonomy Corp, Axis-Shield
Plc, BAE Systems, Baltimore Technology, Barclays
Plc, Ben Bailey Plc, BP Amoco Plc, Britannic Plc,
British Airways Plc, British American Tobacco
Plc, BskyB Plc, BTG Plc, Cable & Wireless
Plc, Cadbury Schweppes Plc, CGNU Plc, Cobham Plc,
Daily Mail & General Trust Plc, Diageo Plc,
Dicom Group Plc, Dimension Data, Domino Printing,
Easynet Group Plc, Eidos Plc, Elan Corp, EMI Group
Plc, Eyretel Plc, Friends Ivory & Sime, Galen
Holdings, Gallaher Group Plc, Hanson Plc, HBOS
Plc, Hilton Group Plc, Hit Entertainment, HSBC
Holdings Plc, Imperial Tobacco, Incepta Plc, Indigovision
Group Plc, Intec Telecom Plc, International Power,
Invensys Plc, Isoft Group Plc, Jazz FM Plc, Kidde
Plc, Kingfisher Plc, KS Biomedix Plc, Lattice
Group Plc, Legal & General, Logica Plc, London
Bridge Software, Meggitt Plc, Morse Plc, National
Grid, P&O Princess Cruise Plc, Parthus Technology
Plc, Project Telecom Plc, Reed International,
Redrow Group Plc, Renishaw Plc, Royal & Sun
Alliance, Royal Bank of Scotland, SA Breweries
Plc, Scipher Plc, Schroders Plc, Schroders NV,
Scottish Power, Scottish & Southern Energy,
Six Continents Plc, Smiths Group Plc, Spectris
Plc, Standard Chartered Bank Plc, Surfcontrol
Plc, Synstar Plc, Telemetrix Plc, Tesco Plc, Torex
Plc, Torotrak Plc, Transense Technologies Plc,
TTP Communications, UK Coal Plc, United Utilities
Plc, Vernalis Group Plc, Whatman Plc, and Westbury
Plc.
REASONS
FOR ACTIVITIES
- Euro
Zone Services Purchasing Managers Index (PMI)
rose 0.98% in February to 51.5%.
- Euro
Zone Unemployment Rate held steady in February
at 8.4%.
- Set
top boxes maker Pace Micro Tech lost 67.11%
after warning that its 2002 results will miss
city estimates.
- Britannic
gained 6.27% after reporting 2001 operating
profit that declined to £145.4 million. The
insurer also made known that it will consider
a merger offer.
- British
Airways gained 1.30% after reporting that
its February customer traffic declined only
2.5%, well better than the 6.9% decline seen
in January. Goldman Sachs upgraded the shares
to "market outperform".
- Celltech
lost 8.38% as it is set to be replaced on
the FTSE 100 by steel company, Corus Group.
- Corus
Group lost 5.33% after the US imposed up to
30% tariffs on steel imports.
- Incepta
gained 9.78% after stating that it will meet
city estimates.
- Builder
Redrow gained 3.13% after reporting interim
pretax profit that rose 18% to £41.6 million.
- Meggitt
gained 10.89% after reporting 2001 pretax
profit that rose 10%, and was upbeat about
2002.
-
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Up to the minute market charts covering commodities,
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- UK
Coal gained 9.20% after reporting full year
2001 loss of £26.5 million. UK Coal intends
to increase production in 2002 so as to return
to profitability.
- Hays
lost 11.43% after reporting interim pretax
profits that declined to £115 million, an
£11 million decline.
- Chilean
Copper producer Antofagasta gained 0.98% after
reporting full year pretax profit of $114
million.
- Builder
Ben Bailey gained 9.03% after reporting full
year pretax profit of £2.8 million, a 76%
increase from year ago.
- Dimension
Data gained 8.40% as analysts were upbeat
about its coming interim results.
- United
Business Media lost 2.50% after reporting
2001 operating profit of £81 million, an £80
million decline from year ago, due to a £370
million goodwill write off.
- Gallaher
gained on the eve of their earnings report,
while Canary Wharf and Friends Provident closed
lower.
-
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evidence builds for a quick recovery.
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<---D293--->
Market
Summary and Analysis for Monday March 4th. 2002
FTSE
100: 5242.0 = +73.0
FTSE
250: 5968.5 = +98.1
FTSE
A/S: 2532.7 = +35.8
TechMARK
100: 1238.3 = +27.8
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher today too.
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