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LONDON STOCK EXCHANGE DAILY MARKET SUMMARY
AND ANALYSIS (Late Edition) ARCHIVES
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Market
Summary and Analysis for Monday June 10th. 2002
FTSE
100: 4928.2 = +7.8
FTSE
250: 5960.4 = -2.0
FTSE
A/S: 2405.1 = +2.9
TechMARK
100: 950.5 = +11.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed slightly higher on Monday. Gainers
included: 3i Group Plc, Affinity Internet Plc,
AIT Group Plc, Alphameric Plc, Amersham Plc, Amvescap
Plc, Arc International Plc, ARM Holdings Plc,
Associated British Foods Plc, Astrazeneca Plc,
Autonomy Corp, BAA Plc, Barclays Plc, BOC Group
Plc, Bookham Technology Plc, Boots Co. Plc, British
Airways Plc, BT Group Plc, Canary Wharf Plc, Centrica
Plc, CMG Plc, Colt Telecom Group Plc, Daily Mail
& General Trust, Dimension Data Plc, Easyjet
Group Plc, Elan Corp, Energis Plc, Eyretel Plc,
First Choice Holidays Plc, Gallaher Group Plc,
Genemedix Plc, Generics Group Plc, GKN Plc, GlaxoSmithKline
Plc, Hanson Plc, HSBC Holdings Plc, Imagination
Technology Plc, Imperial Tobacco Plc, Indigovision
Group Plc, International Power Plc, Invensys Plc,
J Sainsbury Plc, LastMinute.Com, London Bridge
Software Plc, Misys Plc, ML Labs Plc, MmO2 Plc,
Northgate Information Services, Old Mutual Plc,
Oxford Glycosciences Plc, Oxford Instruments Plc,
P&O Princess Cruise Plc, Pace Micro Tech Plc,
Parity Group Plc, Pearson Plc, Rio Tinto Plc,
Rolls Royce Plc, Royalblue Group Plc, Ryanair
Holdings Plc, Safeway Plc, Sage Group Plc, Severn
Trent Plc, Shire Pharmaceuticals Group, Six Continents
Plc, Smith & Nephew Plc, Tate & Lyle Plc,
Telewest Communications Plc, Unilever Plc, Vernalis
Group Plc, Vodafone Group Plc, WPP Group Plc,
and Yates Group Plc.
REASONS
FOR ACTIVITIES
- Abbey
National Bank lost 7.85% after issuing a full
year earnings warning. Other banking shares
were affected by the warning.
- ARM
Holdings gained 3.67% after announcing a deal
with Philips Electronics and Adelante Technologies
to develop a uniform mobile systems chip.
- Medisys
lost 13.51% after reporting first half pretax
loss that widened £2 million to £5.1 million,
while turnover rose 77% to £18.4 million.
- Elan
Corp. gained 21.93% as the Irish drug maker
tries to rise above its accounting woes.
- Pearson
gained 0.37% after business information company
Incisive Media confirmed it is in advanced
talks to acquire Pearson's FT Business Ltd.
unit. Incisive Media's trading was suspended
after the news.
- Reuters
Group lost after its ECN unit, Instinet, paid
£350 million to acquire rival, Island.
- Ryanair
Holdings gained 7.26% after reporting full
year pretax profit that rose 44% to 150.4
million Euros, while sales rose 28% to 624
million Euros.
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- Gallaher
gained 2.92% after The Business newspaper
reported over the weekend that British American
Tobacco is considering a £5.3 billion bid
for its smaller rival. British American Tobacco
lost 0.06%.
- Defensive
shares like food, utilities and drugs found
favour today.
- BAE
Systems lost 4.41% after confirming that it
is in talks to acquire US defence and auto
parts manufacturer, TRW.
- Energis
gained 1.43% after The Observer newspaper
reported that bondholders of the troubled
company intend to block the new £90 million
bid for the company. Energis owes bankers
about £650 million.
- Exel
lost 1.67% despite announcing that its Tradeteam
unit has won a contract with Interbrew valued
at £500 million to distribute drinks for the
giant brewer in the UK.
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PICKS
FOR NEXT MARKET DAY
- UK
and US earnings reports will determine how
the markets close this week. Economic data
this week will also play an important part.
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Market
Summary and Analysis for Friday June 7th. 2002
FTSE
100: 4920.4 = -37.2
FTSE
250: 5962.4 = -45.3
FTSE
A/S: 2402.1 = -18.5
TechMARK
100: 939.2 = -19.6
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower on Friday due to the Intel warning.
Gainers included: Alphameric Plc, Amersham Plc,
Anite Group Plc, Axon Group Plc, BAA Plc, Bookham
Technology Plc, Brambles Industries Plc, British
Biotech Plc, British Land Co. Plc, Cable &
Wireless Plc, Cobham Plc, Easynet Group Plc, Emblaze
Systems Plc, Energis Plc, Exel Plc, First Choice
Holidays Plc, Galen Holdings Plc, Gallaher Group
Plc, GlaxoSmithKline Plc, Imagination Technology
Plc, Indigovision Group Plc, International Power
Plc, LastMinute.Com, Lattice Group Plc, Logica
Plc, Marconi Plc, Medisys Plc, Merant Plc, ML
Labs Plc, Morrison Supermarket Plc, National Grid
Plc, Oxford Glycosciences, Oxford Instruments,
P&O Princess Cruise Plc, Project Telecom Plc,
RM Plc, Roxboro Group Plc, Royalblue Group Plc,
Scottish & Southern Energy Plc, Secor Group
Plc, Securicor Plc, Severn Trent Plc, Spectris
Plc, Synstar Plc, Tate & Lyle Plc, Telemetrix
Plc, Tesco Plc, Thus Group Plc, TTP Communications
Plc, Vernalis Group Plc, and Wolseley Plc.
REASONS
FOR ACTIVITIES
- Banking
media, and oil shares were some of the hardest
hit shares.
- Technology
shares were hit hard after Intel warned about
its revenue outlook. Fellow chip maker ARM
Holdings lost 5.22% as it faces a possible
relegation from the FTSE 100 Index next week.
Logica, also facing relegation from the premier
index, gained.
- Vodafone
Group and MmO2 led wireless mobile phone shares
lower after US based Airgate PCS lowered its
subscription growth outlook. Telecommunications
shares were generally under pressure on growth
concerns.
- GlaxoSmithKline
gained 2.80% after the US Food & Drug
Administration (FDA) gave its irritable bowels
treatment drug, Lotronex™, limited approval.
- Insurers
were pulled down after UK financial regulators
fined Royal & Sun Alliance for not meeting
pension selling review deadlines.
- Mobile
phone parts maker Filtronic lost 12.0% after
wireless chip maker, RF Micro Devices, warned
due to poor orders from major customer, Nokia.
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- Sugar
company Tate & Lyle gained 5.52% after
stating that it will be back into profitability
for the fiscal year ended March.
- Defensive
shares like utilities found favour today.
- BskyB
closed lower on concerns that parent, News
Corp, might pay US$800 million for Vivendi
Universal's struggling Italian pay-TV business.
- Kingfisher
lost 0.63% despite receiving an overwhelming
approval from its shareholders for its £3.2
billion for French Do-It-Yourself (DIY) chain,
Castorama.
- Medisys
and First Choice Holidays gained on the eve
of their earnings reports next week. Carpetright
and Harvey Nichols, also reporting next week,
closed lower.
- Bookham
Technology gained on the eve of its Annual
General Meeting (AGM) next week. Autonomy,
Kingfisher and Telewest Communications, also
having AGMs next week, closed lower, while
Laura Ashley closed unchanged.
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NEW
SERVICES: We now have operations in these
countries: Australia,
Canada,
South
Africa, UK
& Ireland, and United
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PICKS
FOR NEXT MARKET DAY
- UK
and US earnings reports will determine how
the markets close this week. Economic data
next week will also play an important part.
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Visit our sister portal to read more on our
analysis and summary of the US Stock Markets .
<---D338--->
Market
Summary and Analysis for Monday May 13th. 2002
FTSE
100: 5204.8 = +33.6
FTSE
250: 6144.7 = -15.1
FTSE
A/S: 2529.6 = +13.0
TechMARK
100: 1030.6 = -6.6
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 rallied on
Wall Street optimism, but the TechMARK 100 closed
lower. Gainers included: Alphameric Plc, Anglo
American Plc, Autonomy Corp, BAE Systems Plc,
Baltimore Technologies Plc, Barclays Plc, BP Amoco
Plc, Boots Co. Plc, British American Tobacco Plc,
British Energy Plc, Budgens Plc, Canary Wharf
Plc, Capita Group Plc, Centrica Plc, Colt Telecom
Group Plc, Computacenter Plc, Corus Group Plc,
Dimension Data Ltd, Dixons Group Plc, Elan Corp,
Exel Plc, Fibernet Group Plc, Friends Provident
Plc, Gallaher Group Plc, GlaxoSmithKline Plc,
GUS Plc, Hanson Plc, HSBC Holdings Plc, Intec
Telecom Plc, Invensys Plc, Kingfisher Plc, LastMinute.Com,
Lattice Group Plc, Legal & General Plc, Lloyds
TSB Group Plc, Logica Plc, London Stock Exchange
(LSE) Plc, Marks & Spencer Plc, Morrison Supermarket
Plc, Morse Plc, National Grid Plc, Next Plc, Old
Mutual Plc, P&O Princess Cruise Plc, Pace
Micro Tech Plc, Powderject Pharmaceuticals Plc,
Reuters Group Plc, Rio Tinto Plc, Royal Bank of
Scotland Plc, Royalblue Group Plc, SA Breweries
Plc, Scottish & Newcastle Plc, Scottish Power
Plc, Severn Trent Plc, Shell Transport & Trading,
Six Continents Plc, Skyepharma Plc, Standard Chartered
Bank Plc, Teamtalk Media, Torex Plc, Torotrak
Plc, Turbo Genset Plc, Unilever Plc, Wolseley
Plc, and Xansa Plc.
REASONS
FOR ACTIVITIES
- The
FTSE 100 gained as banking, tobacco and utilities
led the rally.
- CMG
lost 7.26% and led technology shares lower
after issuing an earnings warning. UBS Warburg
also downgraded the shares to a "hold".
- Cable
& Wireless lost 1.85% after a Financial
Times article stated that the company's chairman,
Sir Ralph Robbins, might step down as early
as this week.
- Xansa
gained 12.14% on positive comments and recommendations
from UBS Warburg.
- Baltimore
Technologies gained 20.0% after its chairman
stated that the company's 2002 goals are reachable.
- Sports
content distributor, Teamtalk Media, gained
25.0% after announcing that it rejected a
hostile £10 million takeover offer from UKBetting.
- Alfred
McAlpine lost 0.68% despite stating that its
trading for the year is in line with city
estimates, and that its order book has almost
doubled to £2.2 billion.
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- Retailer
Budgens gained 10.97% after announcing late
Friday that it received a takeover bid from
its largest shareholder, privately held Musgrave.
- BskyB
lost 4.48% on news that the UK government
has a broadband spectrum tax (Dish Tax) in
the works. Also today, BskyB announced that
it exercised its options to sell its stake
in KirchPayTV, which BskyB values at about
$1.2 billion (1.3 Billion Euros).
- London
Stock Exchange (LSE) gained 5.62% after announcing
that it is talking to other entities as part
of its strategic review, and should anything
develop, it will make it known.
- Lattice
Group, National Grid, and Powderject Pharmaceuticals
gained on the eve of their earnings reports.
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FOR NEXT MARKET DAY
- We
expect telecommunications shares to be hit
again on Tuesday after Standard & Poor's
dropped Worldcom Group from its venerated
S&P 500 Index™ in after hours Monday.
- UK
and US earnings reports will determine how
the markets close this week.
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Visit our sister portal to read more on our
analysis and summary of the US Stock Markets .
<---D337--->
Market
Summary and Analysis for Thursday May 9th. 2002
FTSE
100: 5197.6 = -11.5
FTSE
250: 6173.2 = -5.2
FTSE
A/S: 2528.2 = -4.8
TechMARK
100: 1057.9 = -9.8
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower due to profit taking across the
Atlantic. Gainers included: 3i Group Plc, Acambis
Plc, AEA Technology Plc, Affinity Internet Plc,
AIT Group Plc, Alphameric Plc, Amey Plc, Arc International
Plc, Azlan Group Plc, Balfour Beatty Plc, BHP
Billiton Plc, BOC Group Plc, BP Amoco Plc, Brambles
Industries Plc, BT Group Plc, Cable & Wireless
Plc, Canary Wharf Plc, Capita Group Plc, Celltech
Group Plc, Centrica Plc, Cobham Plc, Computacenter
Plc, Domino Printing Plc, Druck Holdings Plc,
Eidos Plc, Elan Corp, EMI Group Plc, Exel Plc,
Fibernet Group Plc, Filtronic Plc, First Technology,
Galen Holdings Plc, Gallaher Group Plc, Hanson
Plc, ICI Plc, Innogy Holdings Plc, Innovation
Group Plc, Invensys Plc, Jarvis Plc, Kidde Plc,
Marlborough Sterling Plc, Medisys Plc, Morse Plc,
Next Plc, Ncipher Plc, Parthus Tech, Pearson Plc,
Project Telecom Plc, Psion Plc, Reed International
Plc, Renishaw Plc, Reuters Group Plc, SA Breweries
Plc, Scipher Plc, Scottish Power Plc, Shell Transport
& Trading, Six Continents Plc, Surfcontrol
Plc, Telemetrix Plc, Telewest Communications Plc,
Tesco Plc, Torex Plc, TTP Communications, Ultra
Electronics Holdings Plc, United Utilities Plc,
Vodafone Group Plc, and Xenova Group Plc.
REASONS
FOR ACTIVITIES
- The
Bank of England Monetary Policy Committee
(MPC) left May Repo (Interest) Rates unchanged
at 4.00%.
- BG
Group lost 0.49% after reporting fiscal Q1
operating profit of £220 million on a turnover
of £669 million. BG Group also announced it
is taking a one time charge of £50 million
to cover the new North Sea Oil profits tax.
- Morse
gained 8.31% after reporting fiscal Q3 sales
that beat estimates at £127 million. Morse
also stated that it expects a strong fiscal
Q4 results.
- Druck
Holdings gained 14.33% after stating that
it might get a takeover offer from its current
talks.
- Banking
shares closed lower after UBS Warburg downgraded
banking giants Lloyds TSB, HSBC Holdings,
and Standard Chartered Bank to a "hold".
- IPO
Today: HMV closed lower on its first day of
restricted trading. Full trading will commerce
May 15th.
- Oil
shares gained as crude oil prices gained on
the New York Mercantile Exchange (NYMEX).
- Xenova
Group gained 3.36% after reporting a fiscal
Q1 loss of £2.8 million, an increase of £500,000
over the year. Xenova also announced that
its cash and liquid assets rose £9.1 million
over the year to £17.1 million.
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- Exel
gained 1.02% as it is set to replace Enterprise
Oil on the FTSE 100 Index™ tomorrow. Enterprise
Oil has been acquired by Shell. Shell closed
0.80% higher.
- Psion
gained 2.35% after making the trading statement
that its fiscal Q1 trading is in line with
estimates.
- Royal
& Sun Alliance lost 3.02% despite reporting
a smaller fiscal Q1 loss of £72 million.
- Engineering
firms Amey, Balfour Beatty, and Jarvis gained
after wining contracts to operate sections
of the London Underground.
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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
- UK
and US earnings reports will determine how
the markets close tomorrow.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets .
<---D336--->
Market
Summary and Analysis for Wednesday May 8th. 2002
FTSE
100: 5209.1 = +89.2
FTSE
250: 6178.4 = +52.2
FTSE
A/S: 2533.0 = +39.6
TechMARK
100: 1067.7 = +19.9
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed higher today, thanks to strong earnings
from Cisco Systems. Gainers included: 3i Group
Plc, Abbey National Plc, Affinity Internet Plc,
Allied Domecq Plc, Amersham Plc, Amvescap Plc,
Anglo American Plc, Anglo Irish Bank Plc, Anite
Group Plc, ARM Holdings Plc, Astrazeneca Plc,
Autonomy Corp, BAE Systems Plc, Barclays Plc,
BATM Advanced Communications, BHP Billiton Plc,
BP Amoco Plc, Brambles Industries Plc, British
Airways Plc, British Biotech Plc, British Land
Co. Plc, BskyB Plc, BT Group Plc, Cable &
Wireless Plc, Cambridge Antibody, Canary Wharf
Plc, Capita Group Plc, Capital Radio Plc, Carlton
Communications Plc, Celltech Group Plc, CGNU Plc,
CMG Plc, Colt Telecom Group Plc, Compass Group
Plc, Dimension Data Plc, Dixons Group Plc, Electrocomponents
Plc, Emblaze Systems Plc, EMI Group Plc, GlaxoSmithKline
Plc, Granada Plc, GUS Plc, GWR Group Plc, Hays
Plc, HBOS Plc, Hilton Group Plc, HSBC Holdings
Plc, Invensys Plc, JD Wetherspoon Plc, Kidde Plc,
Land Securities Plc, LastMinute.Com, Lattice Group
Plc, Logica Plc, Marconi Plc, Marks & Spencer
Plc, Misys Plc, MmO2 Plc, Morse Plc, National
Grid Plc, Old Mutual Plc, Orchestream Holdings
Plc, P&O Princess Cruise Plc, Parthus Tech,
Pearson Plc, Psion Plc, Reed International Plc,
Reuters Group Plc, Rio Tinto Plc, Rolls Royce
Plc, Royal & Sun Alliance Plc, Royal Bank
of Scotland, SA Breweries Plc, Sage Group Plc,
Schroders Plc, Schroders NV, Severn Trent Plc,
Shire Pharmaceuticals Group, Six Continents Plc,
SMG Plc, Standard Chartered Bank Plc, Surfcontrol
Plc, United Business Media Plc, Vodafone Group
Plc, Whatman Plc, Wolseley Plc, and WPP Group
Plc.
REASONS
FOR ACTIVITIES
- UK
Industrial Production declined to 99.2 in
April.
- Shell
lost 0.20% after paying C$29 million to acquire
about 20% of privately held Canadian bioethanol
company, Iogen.
- Easyjet
lost 8.36% after announcing today that it
is acquiring British Airway's German domestic
unit, Deutsche BA, instead of GO. British
Airways gained 2.47%.
- Carlton
Communications and Granada gained on rumours
they have restarted their merger talks. Media
shares gained again today due to the legislative
plans to open up the market to foreign ownership.
- Surfcontrol
gained 1.38% after reporting a smaller fiscal
Q3 earnings, but reiterated that it will be
profitable in Q1 2003.
- Pub
operator JD Wetherspoon gained 5.17% after
announcing that its fiscal Q3 like-for-like
sales rose 5.7%.
- Anglo
Irish Bank gained 5.66% after reporting first
half pretax profit that rose 27%, and announced
that it will be able to purchase its European
Private Banking unit in 18 months.
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- Astrazeneca
gained 2.46% after its US drug development
partner, Barr Labs, reported a better than
expected fiscal Q3 results.
- Orchestream
Holdings gained 7.14% after reporting fiscal
Q1 pretax loss that rose to £4.76 million.
The company also announced the immediate resignation
of Ashley Ward as CEO. Anthony Finbow was
named CEO effective immediately.
- Financial,
mining, telecommunications, and technology
shares were hot today as the Footsie saw its
highest dai
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