BusinessJeeves United Kingdom (UK): London Stock Exchange (LSE) Analysis and Commentaries Archives

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed to their lowest levels in 6 years due to US accounting woes, and the bankruptcy of Worldcom. Gainers included: AEA Technology Plc, Arc International Plc, Autonomy Corp, Biocompatibles Plc, Bradford & Bingley Plc, British American Tobacco Plc, Cairn Energy Plc, Carillion Plc, Carphone Warehouse Plc, Colt Telecom Group Plc, De La Rue Plc, Derwent Valley Plc, Diagonal Plc, Dicom Group Plc, Easynet Group Plc, Euromoney Institutional Investors Plc, Eurotunnel Plc, Eyretel Plc, Gallaher Group Plc, Greggs Plc, GWR Plc, Gyrus Group Plc, Halma Plc, IG Group Plc, Lex Services Plc, Minerva Plc, NSB Retail Systems Plc, Parity Group Plc, Persimmon Plc, PHS Group Plc, PZ Cussons Plc, Rexam Plc, Schroders NV, Scipher Plc, Scottish Power Plc, Telemetrix Plc, WS Atkins Plc, and Xansa Plc.

Telecommunications shares were hit hard after Worldcom Group filed for the largest bankruptcy protection in US history.
Banking shares closed lower on fears they might be exposed to Worldcom's $41 billion debt.
Oil shares closed lower after Nigeria threatened to withdraw from the OPEC cartel.
Spirent lost 9.27% after announcing that it is paying US$109 to acquire US based Caw Networks.
GlaxoSmithKline lost 5.05% despite a Sunday Express newspaper story that the drug giant might make a £36 billion bid for US based rival, Eli Lilly & Co.
Stagecoach lost 27.18% after reporting full year pretax profit of £107 million on turnover that rose slightly to £2.11 billion.
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.
Eurotunnel gained 1.35% after reporting first half pretax losses that declined to £76 million, as revenue rose 7% to £159 million.
Insurance shares were hit after the Netherland's Aegon warned about its earnings. The recent losses in the stock market are also reviving solvency fears.
IG Group gained 12.04% after reporting full year pretax profit that declined 13% to £13.4 million, while turnover declined 3% to £32.5 million. IG Group is however, very upbeat about its Australian gaming operations.
Lex Services gained 1.53% on the eve of its earnings report. ARM Holdings and Reuters Group, also reporting tomorrow, closed lower.

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower due to massive losses in the US markets. Gainers included: Acambis Plc, AEA Technology Plc, Aggreko Plc, Arriva Plc, Brixton Plc, BTG Plc, Cairn Energy Plc, Carlton Communications Plc, Carphone Warehouse Plc, Cattles Plc, Close Brothers Group Plc, De La Rue Plc, De Vere Group Plc, Detica Group Plc, Derwent Valley Plc, Dicom Group Plc, Domino Printing Plc, Euromoney Institutional Investors Plc, Eyretel Plc, Kingston Communications, Man Group Plc, Marks & Spencer Plc, Marlborough Stirling Plc, NSB Retail Systems Plc, Powderject Pharmaceuticals Plc, Project Telecom Plc, RM Plc, Roxboro Group Plc, Scipher Plc, Skyepharma Plc, Spectris Plc, Telemetrix Plc, Telewest Communications Plc, and Xenova Group Plc.

WEEKEND NEWS: US based Worldcom Group announced that it will file for bankruptcy protection late Sunday. This will be the largest bankruptcy in US history.
Oil shares closed lower due to a decline in Brent Crude futures prices.
Wireless phone companies closed lower after Sweden's Ericsson reported losses and sees full year sales down by around 15%.
Scottish Power lost 1.96% despite announcing that its US subsidiary, Pacificorp, received a $137 million refund from the Oregon State Public Utilities Commission.
Banking shares closed lower, but hedge fund management shares did better.
Abbey National lost 0.29% despite announcing the resignation of its CEO, Ian Harley.
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.
Drug shares were hit hard after US based Eli Lilly reported a sharp drop in profits due to stiff generic competition against its blockbuster anti-depressant drug, Prozac™.
Cookson Group lost 34.34% after announcing first half losses of £40.4 million, as turnover declined 21.3% to £870.6 million. Cookson also announced plans to raise £277 million in a rights issue so as to pay down its £750 million debt.
Wolseley lost 1.86% after paying £23.5 million to acquire Irish pipes dealer, Gwyned Pipes.
Insurers, media and telecommunications shares all closed lower.
EMI Group lost 0.45% despite having some upbeat trading statements at its AGM.
Mining shares lost despite a rise in Gold prices as the US Dollar weakened against major currencies - the massive decline in the Dow didn't help matters either.

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed higher again today. Gainers included: 3i Group Plc, Abbey National Plc, Allied Domecq Plc, Allied Irish Bank Plc, Amvescap Plc, Anglo American Plc, Anite Group Plc, Arc International Plc, ARM Holdings Plc, Associated British Foods Plc, Astrazeneca Plc, Autonomy Corp, Aviva Plc, BAE Systems Plc, Barclays Plc, BG Group Plc, BHP Billiton Plc, Bookham Technology Plc, BP Amoco Plc, Bradford & Bingley Plc, Brambles Industries Plc, British Airways Plc, British American Tobacco Plc, British Land Co. Plc, BskyB Plc, BT Group Plc, Cable & Wireless Plc, Cadbury Schweppes Plc, Canary Wharf Plc, Capital Group Plc, Celltech Group Plc, Compass Group Plc, Corus Group Plc, Daily Mail & General Trust Plc, Debenhams Plc, Diageo Plc, Dicom Group Plc, Dimension Data, Elan Corp, GKN Plc, GlaxoSmithKline Plc, Hanson Plc, Hays Plc, HBOS Plc, Hilton Group Plc, HSBC Holdings Plc, International Power Plc, J Sainsbury Plc, Johnson Matthey Plc, Kingfisher Plc, Land Securities Plc, Legal & General Plc, Lloyds TSB Group Plc, Logica Plc, Man Group Plc, Marks & Spencer Plc, Misys Plc, MmO2 Plc, Morrison Supermarket Plc, Morse Plc, New Look Group Plc, Next Plc, Northern Rock Plc, Old Mutual Plc, Parthus Tech Plc, Pearson Plc, Prudential Plc, Psion Plc, Rentokil Initial Plc, Reuters Group Plc, Rio Tinto Plc, Royal & Sun Alliance Plc, Royal Bank of Scotland Plc, Safeway Plc, Sage Group Plc, Schroders Plc, Schroders NV, Scipher Plc, Scottish Power Plc, Shell Transport & Trading Plc, Six Continents Plc, Smith & Nephew Plc, Smiths Group Plc, Standard Chartered Bank Plc, Thus Group Plc, Torex Plc, TTP Communications Plc, Vodafone Group Plc, Whatman Plc, Wolseley Plc, WPP Group Plc, and Xenova Group Plc.

Reuters Group gained 5.28% despite a downgrade from Moody's Investor Services.
MmO2 gained 5.38% after reporting some strong fiscal Q2 results, and stating that it signed 292,000 new customers in the period. Investec Securities upgraded MmO2 to a "strong buy".
Wireless phone companies closed higher after Finnish giant, Nokia, reported better than expected results.
Mining shares got a boost after BHP Billiton and Rio Tinto reported strong output growths.
Allied Irish Bank gained 1.19% after announcing that the Chairman of its troubled North American Allfirst unit, Eugene Sheehy, Will also assume the role of CEO now occupied by Susan Keating.
Banking and telecommunications shares led the market higher today.
Debenhams gained 2.66% after announcing plans to open 2 new stores in Thanet and Hemel Hempstead.
Corus Group gained 2.14% today after Merrill Lynch upgraded it to a "buy", one day after its board and the board of Brazilian steel maker, CSN, approved their merger.
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.
New Look Group gained 1.05% after stating at its AGM that for the 15 weeks ending July 15th, its like-for-like sales rose 8.1%, as gross margins gained 2.7%.
Misys gained 21.55% after stating that it expects profit growth for the year to be in the mid-teens, and it expects to float its life and pension unit in the next 2 years.
Drug majors like Astrazeneca and GlaxoSmithKline gained today.
Northern Rock gained 4.29% after reporting first half pretax profit that rose 16.3% to £152.6 million.
Insurance shares continued their rebound today as investors seem to be relaxing about their solvency fears.
Cable & Wireless (C&W) gained 4.15% after analysts came out of their meeting with its new finance director, David Prince, very optimistic.

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed higher today. Gainers included: 3i Group Plc, Abbey National Plc, Alliance & Leicester Plc, Allied Domecq Plc, Alvis Plc, Amvescap Plc, Anglo American Plc, Anite Group Plc, Arc International Plc, ARM Holdings Plc, Associated British Foods Plc, Astrazeneca Plc, Autonomy Corp, Aviva Plc, BAE Systems Plc, Barclays Plc, BG Group Plc, BHP Billiton Plc, Bookham Technology Plc, Boots Co. Plc, BP Amoco Plc, Bradford & Bingley Plc, Brambles Industries Plc, British Airways Plc, British American Tobacco Plc, British Biotech Plc, British Land Co. Plc, BskyB Plc, BT Group Plc, BTG Plc, Bunzl Plc, Cable & Wireless Plc, Cadbury Schweppes Plc, Canary Wharf Plc, Capital Group Plc, Celltech Group Plc, Centrica Plc, Compass Group Plc, Daily Mail & General Trust Plc, Diageo Plc, Dicom Group Plc, Dimension Data, Easyjet Plc, Easynet Group Plc, Elan Corp, Friends Provident Plc, GKN Plc, Hanson Plc, Hays Plc, HBOS Plc, Hilton Group Plc, HSBC Holdings Plc, International Power Plc, J Sainsbury Plc, Johnson Matthey Plc, Kingfisher Plc, Kingston Communications Plc, Land Securities Plc, Legal & General Plc, Lloyds TSB Group Plc, Logica Plc, Man Group Plc, Marks & Spencer Plc, Medisys Plc, Misys Plc, MmO2 Plc, Morrison Supermarket Plc, Morse Plc, Next Plc, Northern Rock Plc, Old Mutual Plc, Parthus Tech Plc, Pearson Plc, Prudential Plc, Psion Plc, Rentokil Initial Plc, Reuters Group Plc, Ricardo Plc, Rolls Royce Plc, Royal & Sun Alliance Plc, Royal Bank of Scotland Plc, Safeway Plc, Sage Group Plc, Schroders Plc, Schroders NV, Scipher Plc, Scottish Power Plc, Shell Transport & Trading Plc, Shire Pharmaceuticals Group Plc, Six Continents Plc, Smith & Nephew Plc, Smiths Group Plc, Standard Chartered Bank Plc, Thus Group Plc, Torex Plc, TTP Communications Plc, Unilever Plc, Vodafone Group Plc, Whatman Plc, Wolseley Plc, WPP Group Plc, and Xenova Group Plc.

The UK's Unemployment Rate rose 1 basis point to 3.2% in June.
The Euro Zone Consumer Price Index (CPI) declined to 1.8% in June.
The Euro Zone Industrial Production rose 01% in May.
Parthus Tech. gained 10.84% after stating that the semiconductor sector is stabilizing. The increase in Intel's revenue announced late yesterday also helped the sector.
BT Group gained 2.25% after stating that it will have 750,000 broadband subscribers by the end of this month. The Office of Telecommunications also mentioned that the company needs to be broken up.
BTG gained 18.32% after the European Patent Office upheld its patent for SIM Cards, a mobile phone billing system.
BAE Systems gained 5.16% after teaming up with Alvis to win a £350 million contract to make 65 armoured vehicles for the British Army. Alvis gained 0.33%.
Corus Group lost 3.45% after its board and the board of Brazilian steel maker, CSN, approved their merger. Corus will have a 62.4% control of the new entity.
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.
Anglo American gained 1.49% after naming current Shell chairman, Sir Mark Moody Staurt, as its new chairman. Shell gained 5.22%.
British Land Co. 2.80% after rejecting a takeover bid from minority shareholder, Lexay Partners. British Land Co. shareholders also voted to increase the amount of money to be returned to shareholders.
Britannic lost 6.25% after ending its ongoing acquisition talks.
Banking shares led today's rally after CS First Boston initiated coverage of the sector with an "overweight". The strong earnings report from US based Citigroup also helped the sector.
Cadbury Schweppes gained 3.29% after reporting first half pretax profit that rose 10% to £386 million, and turnover rose 7% to £2.35 billion, thanks to its acquisition of Orangina.
Wireless shares gained after US based Motorola reported strong earnings.
Centrica rebounded by gaining 11.09% today.

The London Stock Exchange (LSE) FTSE 100 closed higher, while the TechMARK 100 closed lower. Gainers included: Aegis Group Plc, Aggreko Plc, Amersham Plc, Amvescap Plc, Anite Group Plc, ARM Holdings Plc, Astrazeneca Plc, Autonomy Corp, Avis Europe Plc, Aviva Plc, AWG Plc, Barclays Plc, Boots Co. Plc, BP Amoco Plc, British Biotech Plc, British Energy Plc, BT Group Plc, Cable & Wireless Plc, Cambridge Antibody Plc, Canary Wharf Plc, Chubb Plc, Dairy Crest Plc, Debenhams Plc, Diageo Plc, Emblaze Systems Plc, Euromoney Institutional Investors Plc, Exel Plc, Eyretel Plc, Friends Provident Plc, Gallaher Group Plc, GKN Plc, Hanson Plc, Hilton Group Plc, HSBC Holdings Plc, Invensys Plc, J Sainsbury Plc, Johnson Matthey Plc, LastMinute.Com Plc, Lloyds TSB Group Plc, Marconi Plc, Medisys Plc, Misys Plc, MmO2 Plc, Morrison Supermarket Plc, Next Plc, NSB Retail Systems Plc, P&O Princess Cruise Plc, Parthus Tech Plc, Pearson Plc, Rio Tinto Plc, Rolls Royce Plc, Royal & Sun Alliance Plc, Royal Bank of Scotland Plc, Sage Group Plc, Schroders Plc, Schroders NV, Scipher Plc, Scottish Power Plc, Severn Trent Plc, TTP Communications Plc, United Utilities Plc, Vodafone Group Plc, Whatman Plc, Xenova Group Plc, and Xstrata Plc.

The UK's Consumer Price Index (CPI) declined to 1.5% in June, its lowest levels since they started keeping records in 1975.
British Energy gained despite making known at its AGM that it has been forced to cut prices it charges to Scottish Power, and Scottish & Southern.
AWG, The parent of Anglian Water, gained 5.26% after launching a £1.78 billion bond issue today. AWG intends to use the proceeds for restructuring and upgrading systems.
Insurer Aviva gained 9.87% after announcing plans to use branches of Italy's Banca Popolare Commercia e Industria to sell its life insurance and pension products.
Insurance and banking shares closed mixed after credit rating agency, Standard & Poor's, made known today that their solvency problems are being overblown.
P&O Princess Cruise gained over 10% after a reliable source told Reuters™ yesterday that the European Union (EU) is likely going to approve Carnival's acquisition offer for it.
Johnson Matthey gained 1.67% after positive comments came from its AGM.
GlaxoSmithKline lost 2.38% after Germany's Novartis AG started selling a generic version of its Augmentin™ in the US.
Pub operator JD Wetherspoon lost 5.28% after warning that its full year profits will be affected by the World Cup - JD Wetherspoon, which owns around 600 pubs in the country, has neither Music nor televisions in its pubs.
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 shares were suspended as administrators were appointed for the company.
British Land Co. lost 0.67% despite bowing to pressure and finally announcing that the duties of CEO and Chairman will be separated.
Easyjet lost 5.60% despite getting the go ahead from the Office of Fair Trading to acquire rival no-frills airline, Go.
De La Rue lost 34.98% after warning about its second half profits at its AGM late yesterday.

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower to another 5½ year low. Gainers included: BskyB Plc, Capital Radio Plc, Carillion Plc, Celltech Group Plc, Detica Group Plc, DFS Furniture Plc, Easynet Group Plc, Elan Corp, Electrocomponent Plc, Euromoney Institutional Investor Plc, Filtronic Plc, First Choice Holidays Plc, Indigovision Group Plc, Land Securities Plc, Medisys Plc, Merant Plc, Morgan Crucible Plc, MyTravel Group Plc, Project Telecom Plc, Railtrack Plc, Ricardo Plc, RMC Group Plc, SIG Plc, SMG Plc, Stanley Leisure Plc, Telewest Communications Plc, TTP Communications Plc, Turbo Genset Plc, Viridian Group Plc, Weir Group Plc, Whatman Plc, Wilson Bowden Plc, Wolverhampton & Dudley Breweries Plc, Xenova Group Plc, and Yule Cato & Co. Plc.

Land Securities gained 1.03% after announcing plans to return £541 million to shareholders.
Hanson lost 5.44% despite a Deutsche Bank and JP Morgan upgrade to a "buy".
Mitie lost 5.29% despite reporting full year pretax profit that rose 21% to £30.4 million, and turnover that rose 25% to £518.9 million.
BskyB gained 0.37% on news that the UK government is not going to tax satellite broadcasters. BskyB also enjoyed some strong positive analysts comments today.
Pharmaceuticals shares closed lower after US based Pfizer agreed to acquire Pharmacia for $53 billion. Irish drug maker Elan, and Celltech - which has an Arthritis drug development deal with Pharmacia, gained 3.85%.
P&O Princess Cruise lost 8.55% after a reliable source told Reuters™ that the European Union (EU) is likely going to approve Carnival's acquisition offer for it.
Shell Transport & Trading lost 8.08% and led oil shares lower after concerns arose about its £4.6 billion energy trading in the US. The US Department of Justice also announced that it is suing Shell for negligence relating to an explosion last July at its Delaware refinery it runs with Saudi Refinery inc, Motiva Enterprises.
Insurers were hit hard again on solvency concerns as the markets continue to head south. Financial services shares weren't spared 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.
Energis lost 20% after stating that it is in talks with with its bankers and bondholders that might lead to them taking over the company.
Signet Group closed lower despite announcing that it has settled its name dispute with founder and former head, Ratner.
Rentokil Initial lost 8.87% after Morgan Stanley downgraded it to "underweight".
Clothing retailer, Mothercare, lost 22.74% after announcing that its CEO, Chris Martin, is stepping down effective immediately. The company also announced that it expects fiscal Q1 losses to the be wider than expected, and that its like-for-like sales in the 14 weeks ending July 12th. declined 3.1%.
Orchestream Holdings lost 34.78% after announcing plans to restate its fiscal 2001 sales numbers lower, and expects 2002 sales to now be £1.6 million.
Irish technology company, Parthus Technology lost 1.23% after the US Internal Revenue Service (IRS) approved its merger with Ceva. The new company will be called ParthusCeva, and will be based out of the US.

The London Stock Exchange (LSE) FTSE 100 closed lower, while the TechMARK 100 closed higher after Dell computer raised its fiscal Q2 financial outlook yesterday. Gainers included: Acambis Plc, Alliance Trust Plc, Amec Plc, Amey Plc, Amvescap Plc, Anite Group Plc, Arc International Plc, ARM Holdings Plc, Astrazeneca Plc, Autonomy Corp, Avis Europe Plc, BATM Advanced Communications Plc, BHP Billiton Plc, Blacks Leisure Plc, Brambles Industries Plc, British Biotech Plc, BT Group Plc, Cable & Wireless Plc, Cadbury Schweppes Plc, Capita Group Plc, Carpetright Plc, Cattles Plc, Colt Telecom Group Plc, Compass Group Plc, Davis Service Group Plc, De La Rue Plc, Debenhams Plc, Detica Group Plc, Dimension Data Ltd, eBookers Plc, Egg Plc, Emap Plc, Emblaze Systems Plc, Enodis Plc, Enterprise Inns Plc, Eurotunnel Plc, Exel Plc, Eyretel Plc, Filtronic Plc, Gallaher Group Plc, GKN Plc, GlaxoSmithKline Plc, Granada Plc, Hays Plc, Kingston Communications Plc, LastMinute.Com Plc, Legal & General Plc, Logica Plc, Marconi Plc, Misys Plc, MmO2 Plc, Next Plc, Old Mutual Plc, P&O Princess Cruise Plc, Parity Group Plc, Psion Plc, Rentokil Initial Plc, Ricardo Plc, Shire Pharmaceuticals Group Plc, Smith & Nephew Plc, Spirent Plc, Telewest Communications Plc, Thus Group Plc, Vernalis Group Plc, Vodafone Group Plc, WPP Group Plc, Xansa Plc, and Xenova Group Plc.

Blue chip shares were pulled down after the US Consumer Sentiment saw a sharp decline in July.
Anite Group gained 38.64% after announcing that it will issue 30 million shares priced at a premium to finish paying for 2 acquisitions.
Eurotunnel gained 3.21% after announcing that it reduced its debt by £446 million, and asylum seekers are not hindering its business as before.
Software developer, Autonomy, rebounded today by gaining 14.52% after a terrible trading day yesterday when its warned about its financial results.
IPO Today: Burberry Group closed unchanged on its first day of trading, while its parent company, GUS, lost 4.08%.
Capita Group gained 3.35% after stating that although it has very conservative accounting practices, its interim results due this month will be strong.
Cable & Wireless gained 7.14% and led telecommunications shares higher after its CEO, Graham Wallace, had upbeat comments at the company's AGM.
Marconi gained 3.90% after selling its Applied Technologies unit to 3i Group for £50 million in cash and £7 million in notes. 3i Group closed lower.
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.
London Stock Exchange (LSE) lost 3.94% after reporting fiscal Q1 sales that rose 8% to £58.5 million, due mostly to its popular electronics trading system. The LSE issued a poor near term outlook, but optimistic about the future. Merrill Lynch reiterated its "strong buy" recommendation on the stock.
Pharmaceuticals gained today, while banking shares closed lower. Insurance shares also continue to suffer on liquidity concerns.
Sage Group lost 3.98% after SG Cowen downgraded it to an "underperformer".
Logica gained 2.33% after winning a A$24.6 million contract to develop and manage an e-marketplace for the Australian state of New South Wales.
Enterprise Inns gained 0.98% despite a Moody's Investor Services downgrade of its senior secured notes.
Centrica lost 5.65% despite dismissing rumours about its accounting irregularities.

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower for the 4th day in a row on more accounting worries. Gainers included: AEA Technologies Plc, Axis-Shield Plc, Bookham Technology Plc, Capital Radio Plc, Colt Telecom Group Plc, Davis Service Group Plc, FKI Plc, Genemedix Plc, HIT Entertainment Plc, Innovation Group Plc, Lex Service Plc, Marconi Plc, Medisys Plc, Michael Page Group Plc, Oxford Instruments Plc, Pace Micro Tech Plc, Ricardo Plc, Roxboro Group Plc, SABMiller Plc, Spectris Plc, and Spirax-Sarco Engineering Plc.

Abbey National lost 6.78% after the takeover rumours were dismissed.
GUS closed lower after intending to go ahead with the IPO of its Burberry unit.
Reuters Group lost 4.80% after Morgan Stanley downgraded it to "underweight".
Insurers closed lower as the sliding stock prices ignited more solvency fears.
Drug stores were slammed again after Bristol Myers Squibb stated that the US Securities and Exchange Commission (SEC) is investigating it about inflated revenues.
Vodafone Group lost 2.27% despite a Morgan Stanley upgrade of European wireless phone companies to "attractive".
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.
Autonomy lost 41.22% after warning about its fiscal Q2 results.
SportingBet lost 12.44% after announcing that it secured rights to operate gaming and sports betting operations on Sports.Com.
JJB Sports lost 38.20% after warning about its first half results, as like-for-like sales in the period rose only 1% above a year ago.
SABMiller gained 0.70% after announcing that it will not place the 120 million shares it planned to float due to the dismal market conditions.

The London Stock Exchange (LSE) FTSE 100 and the TechMARK 100 closed lower for the Third day in a row on more accounting worries. Gainers included: Abbey National Plc, Aggreko Plc, Amey Plc, Arriva Plc, Colt Telecom Group Plc, Cordiant Communications, Diagonal Plc, Dicom Group Plc, Emblaze Systems Plc, Filtronic Plc, Go Ahead Group Plc, GWR Group Plc, Gyrus Group Plc, HIT Entertainment Plc, Icap Plc, Interserve Plc, IQE Plc, London Bridge Software, Man Group Plc, Manchester United FC Plc, Marconi Plc, Marks & Spencer Plc, McCarthy & Stone Plc, ML Labs Plc, MotionPoster Plc, New Look Group Plc, Oxford Instruments Plc, Rexam Plc, Roxboro Group Plc, Scottish & Newcastle Plc, Six Continents Plc, Thus Group Plc, Turbo Genset Plc, Ultra Electronics Holdings Plc, and Woolworths Plc.

UK Industrial Production rose to 102.0 in May.
Thus Group gained 6.67% after stating that although trading for the rest of the year will be rough, it still expects to see full year sales growth up to 25%, and EBITDA will grow as much as 9%.
Abbey National gained 3.90% as news began to make rounds again that the National Australia Bank is trying to acquire it.
SABMiller, formerly SA Breweries, lost 5.0% after announcing plans to float 120 million shares. SABMiller also announced that, its Miller unit trading was in line in fiscal Q1, despite a dismal first 2 months sales due to the cold weather.
Hedge fund group Man Group gained 0.87% after making the trading statement that demand for its products is increasing, as the stock market continues to see heavy losses.
Telecommunications shares closed lower after US based Qwest Communications International announced that it is facing criminal investigations from the US Attorney's office in Denver, Colorado.
Drug

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

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