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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.
  • 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.
  • 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.
  • 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.
  • 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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<---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.
  • 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.
  • 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.
  • 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.
  • 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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<---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.
  • 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.
  • 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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<---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.
  • 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.
  • 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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    • Unless there is a surprise, the Bank of England's interest rate decision will have minimal impact on the market tomorrow.
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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.
  • 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.
  • 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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    • We think this week will be even better as more evidence builds for a quick recovery.

    indexbody --> Visit our sister portal to read more on our analysis and summary of the US Stock Markets.

 

<---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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