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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 August 5th. 2002
FTSE
100: 3996.4 = -79.1
FTSE
250: 4589.1 = -90.2
FTSE
A/S: 1936.6 = -37.8
TechMARK
100: 734.9 = -18.4
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed lower
and below the 4,000 mark, as the TechMARK 100
also closed lower on dismal US economic data -
again. Gainers included: Aggreko Plc, Associated
British Foods Plc, Baltimore Technologies Plc,
BG Group Plc, Big Food Group Plc, BskyB Plc, Cairn
Energy Plc, Centrica Plc, Chelsfield Plc, Dairy
Crest Plc, De La Rue Plc, Diageo Plc, Egg Plc,
Emblaze Systems Plc, Enodis Plc, Firstgroup Plc,
Gallaher Group Plc, Greggs Plc, Hammerson Plc,
ICAP Plc, Imperial Tobacco Plc, Inchcape Plc,
Kelda Group Plc, LastMinute.Com Plc, Legal &
General Plc, Manchester United FC Plc, Meggitt
Plc, Rank Group Plc, Reckitt Benckiser Plc, Redbus
Interhouse Plc, Rentokil Initial Plc, Ryanair
Holdings Plc, Selfridges Plc, Singer & Friedlander
Group Plc, Smith & Nephew Plc, Smiths Group
Plc, Taylor Nelson Plc, TBI Plc, Thus Group Plc,
Telewest Communications Plc, Torotrak Plc, Travis
Perkins Plc, Ultra Electronics Holdings Plc, Viridian
Group Plc, Weston Medical Plc, Wilson Bowen Plc,
and Xstrata Plc.
REASONS
FOR ACTIVITIES
- UK
Industrial Production declined sharply in
June to 97.4.
- The
Halifax Monthly House Price Index rose only
1.9% in July, 0.5% lower than the June growth
rate. Over the year, the Index has risen 20.8%.
- The
Reuters™ Euro Zone Services Purchasing managers
Index (PMI) declined slightly in July to 52.6%
- any point above 50% is an expansion.
- Inter-broker,
ICAP, gained 0.73% after agreeing to acquire
a majority stake in BrokerTec Global. ICAP
intends to pay for the new acquisition with
new share issues.
- HSBC
lost 0.28% after reporting first half pretax
profit that rose 6% to $5.56 billion, as operating
income rose 2% to $13.1 billion. On the downside,
bad debt provision rose 62% to $715 million,
with Argentina accounting for $600 million
of that.
- British
Airways lost 2.14% after reporting that its
July over the year passenger numbers declined
12.9% to 3.5 million. British Airways still
sees a tough market ahead.
- Ryanair
Holdings gained 2.68% after the no-frills
airline reported July over the year passenger
numbers that rose 42% to 1.46 million, as
its load factor rose to 93%. Ryanair, which
is to report its financial results tomorrow,
announced that Internet sales rose from 79%
seen last year to 92%.
- Shire
Pharmaceuticals lost 4.33% despite an ABN
AMRO upgrade to "add".
-
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- Baltimore
Technologies gained 27.12% after stating that
it expects its trading to continue meeting
city estimates, and that it expects first
half sales to be between £21.5 million to
£22.5 million.
- Thistle
Hotels closed unchanged after BIL International,
which owns 46% of Thistle, denied that it
has given a go-head to the sell of the Hotel
group as reported in The Business newspaper
on Sunday.
- Inchcape
gained 0.49% after reporting first half pretax
profit that rose 6.9% to £57 million, as earnings
per share rose 25.9% to 51.1p/share, while
dividend rose 13.6% to 10p/share.
- Tesco
lost 4.17% despite announcing that its numbers
will meet city estimates.
- Torex
lost 7.24% after reporting first half pretax
profit that rose 43% to £10.8 million, on
turnover that rose 25% to £77.6 million. E*Trade
Securities initiated coverage of Torex with
a "buy".
- Centrica
gained 0.16% after its subsidiary, British
Gas Trading, paid £49.5 million and assumed
£13.5 million in debt to acquire Electricity
Direct.
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PICKS
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- UK
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determine how the markets close this week.
US accounting concerns will play a part
too.
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Visit our sister portal to read more on our
analysis and summary of the US Stock Markets .
<---D379--->
Market
Summary and Analysis for Friday August 2nd. 2002
FTSE
100: 4075.5 = +31.0
FTSE
250: 4679.3 = -48.3
FTSE
A/S: 1974.4 = +9.8
TechMARK
100: 753.3 = -2.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed higher,
while the TechMARK 100 closed lower on dismal
US economic data - again. Gainers included: Alliance
& Leicester Plc, Allied Domecq Plc, Alvis
Plc, Amersham Plc, Astrazeneca Plc, Aviva Plc,
BAA Plc, BAE Systems Plc, BATM Advanced Communications
Plc, BOC Group Plc, Bookham Technology Plc, Boots
Co. Plc, Brambles Industries Plc, British American
Tobacco Plc, British Biotech Plc, BT Group Plc,
Cable & Wireless Plc, Cadbury Schweppes Plc,
Centrica Plc, Compass Group Plc, Diageo Plc, Exel
Plc, Friends Provident Plc, Gallaher Group Plc,
GlaxoSmithKline Plc, GUS Plc, Hilton Group Plc,
Imagination Technology Plc, Imperial Tobacco Plc,
J Sainsbury Plc, Kingfisher Plc, Lattice Group
Plc, Lloyds TSB Group Plc, Man Group Plc, Marconi
Plc, Marks & Spencer Plc, Meggitt Plc, MmO2
Plc, National Grid Plc, Northern Rock Plc, Oxford
Glycosciences, Pace Micro Technology, Pearson
Plc, Project Telecom Plc, Psion Plc, Rank Group
Plc, Reckitt Benckiser Plc, Rentokil Initial Plc,
SABMiller Plc, Safeway Plc, Scottish & Newcastle
Plc, Scottish Power Plc, Severn Trent Plc, Shell
Transport & Trading Plc, Shire Pharmaceuticals
Group Plc, Smith & Nephew Plc, Smiths Group
Plc, TBI Plc, Tesco Plc, Thus Group Plc, Unilever
Plc, United Utilities Plc, William Hill Plc, and
Xstrata Plc.
REASONS
FOR ACTIVITIES
- Wireless
company, MmO2 gained 0.60% after its CEO,
Peter Erskin, bought another 64,676 shares
in the company to bring his total holdings
to 532,553 shares.
- Drug
shares led the rally today.
- Crude
Oil prices rose after the UN's less than excited
reaction to Iraq's request to let weapons
inspectors back into the country so as to
avoid a massive US strike.
- Lloyds
TSB Group gained 0.68%, but pushed banking
shares lower after reporting first half pretax
profit that rose only £1 million to £1.6 billion.
Lloyds' bad debt provision rose about 50%
to £479 million.
- Insurer
Aviva gained 8.17% after Morgan Stanley selected
it as the top pick in European insurers.
- Marconi
gained 4.71% after agreeing to sell its Strategic
Communications business for £387 million,
an use the proceeds to pay down debts.
- Alvis
gained 3.69% after paying £16.2 million to
acquire Rolls Royce's Vickers Defense Systems.
Rolls Royce sold the tank and other units
of Vickers, but held on to the marine unit.
Rolls Royce lost 2.07%.
- Amvescap
lost 6.63% after reporting first half pretax
profit that declined to £193 million on turnover
that declined 13% to £747 million. Amvescap
doesn't see a quick recovery.
- British
Airways lost 6.67% after reporting fiscal
Q1 profits that rose to £65 million, thanks
to a 14.6% cut in capacity. Turnover however,
declined 10.7% to £2.05 billion.
-
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- Airports
operator TBI gained 0.37% after announcing
at its AGM that its trading is still in line,
and it expects the government to approve its
planned expansion of Luton London and Cardiff
International airports.
- Mining
shares closed lower despite a rise in gold
prices as investors sought safer havens after
the dismal US economic data.
- United
Business Media closed lower after reporting
first half pretax profit that declined to
£36.4 million, but still met city estimates.
- Unilever
gained 4.68% after agreeing to sell its high-end
toiletries unit, Atkinson, to Germany's Wella
for 44 Million Euros.
- Kingfisher
gained 1.68% after announcing that its £2
billion rights issue was so successful that,
it will formally bid for France's Castorama
by the end of August.
- SABMiller
gained after announcing Thursday that its
fiscal Q1 earnings will be in line with estimates,
but the unusually cool Spring weather in the
US will cost its Miller Brewing unit 2% in
sales.
-
-
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 economic and earnings reports will
determine how the markets close this week.
US accounting concerns will play a part
too.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets .
<---D378--->
Market
Summary and Analysis for Thursday August 1st.
2002
FTSE
100: 4044.5 = -201.7
FTSE
250: 4727.6 = -56.0
FTSE
A/S: 1964.5 = -86.3
TechMARK
100: 755.5 = -18.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower on dismal US economic data. Gainers
included: Alfred McAlpine Plc, Allied Irish Bank
(AIB) Plc, Amey Plc, ARM Holdings Plc, Autonomy
Corp, Aviva Plc, BAE Systems Plc, Barratt Developments
Plc, Britannic Group Plc, BTG Plc, Chrysalis Group
Plc, Chubb Plc, Close Brothers Group Plc, Cookson
Group Plc, Debenhams Plc, Domino Printing Plc,
eBookers Plc, Egg Plc, Elan Corp, First Technology
Plc, Friends Ivory & Simes Plc, Galen Holdings
Plc, George Wimpey Plc, Great Portland Estates
Plc, GWR Group Plc, Hiscox Plc, IQE Plc, Kidde
Plc, Kingfisher Plc, LastMinute.Com Plc, Phytopharm
Plc, Powderject Pharmaceuticals Plc, Prmier Oil
Plc, Psion Plc, Stanley Leisure Plc, Surfcontrol
Plc, Tate & Lyle Plc, TBI Plc, TTP Communications
Plc, Ultra Electronics Holdings Plc, Virt-X Plc,
and Weston Medical Plc.
REASONS
FOR ACTIVITIES
- The
bank of England (BoE) Monetary Policy Committee
left its Repo (Interest) Rates unchanged at
4.0%.
- The
European Central Bank (ECB) left its Repo
(Interest) Rates unchanged at 3.25%.
- The
Reuters™ Euro Zone Purchasing Managers Index
(PMI) declined slightly in July to 51.6% -
any point above 50% is an expansion.
- Euro
Zone Retail Sales rose 0.4% in May.
- Barclays
lost 8.59% and led banking shares lower after
reporting first half pretax profit of £1.749
billion, on revenue that rose to £5.7 billion.
Barclay's bad debt provisions however, rose
43% to £713 million, due to Argentina's bad
sovereign debt.
- Cookson
Group gained 23.60% after its rights issue
went smoothly.
- Alfred
McAlpine gained 2.69% after reporting first
half pretax profit that rose 26% to £12 million,
on turnover that rose to £341 million, while
the Order Book now stands at £2.1 billion.
- Telewest
Communications lost 2.50% after reporting
a first half loss of £239 million, as debts
still stand at a high £5.3 billion.
- Carlton
Communications and Granada both closed lower,
despite wining the lawsuit brought against
them by the Football League concerning the
contract with their liquidated joint venture.
ITV Digital.
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- Shire
Pharmaceuticals lost 0.93% despite raising
its full year financial outlook.
- Insurer
Aviva gained 9.41% after reporting first half
operating profit of £979 million, and also
giving an upbeat outlook.
- Smith
& Nephew lost 2.38% after reporting first
half EBITDA that rose 13% to £94 million,
as turnover rose 14% to £531.9 million.
- Chemicals
giant, ICI, lost 6.82% after reporting first
half operating profit that declined to £265
million, as earnings and dividend per share
all declined.
- Hanson
lost 4.59% after reporting first half EBITDA
that rose 12.3% to £145.1 million, on turnover
that declined to £1.99 billion.
- Shell
Transport & Trading lost 7.0% after reporting
fiscal Q1 net profit that declined 38% to
$2.2 billion.
-
-
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
- Anything
is possible tomorrow.
- UK
and US economic and earnings reports will
determine how the markets close this week.
US accounting concerns will play a part
too.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets .
<---D377--->
Market
Summary and Analysis for Wednesday July 31st.
2002
FTSE
100: 4246.2 = +65.3
FTSE
250: 4783.6 = +29.2
FTSE
A/S: 2050.8 = +28.4
TechMARK
100: 773.7 = +13.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 rallied today, despite disappointing US Q2
GDP data. Gainers included: Abbey National Plc,
Acambis Plc, Alliance & Leicester Plc, Allied
Domecq Plc, Allied Irish Bank (AIB) Plc, Amersham
Plc, ARM Holdings Plc, Associated British Foods
Plc, Autonomy Corp, Aviva Plc, AWG Plc, BAA Plc,
BAE Systems Plc, Barclays Plc, BG Group Plc, BHP
Billiton 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, Bunzl Plc, Cable
& Wireless Plc, Canary Wharf Plc, Capita Group
Plc, Colt Telecom Group Plc, Easyjet Plc, eBookers
Plc, Eidos Plc, Friends Provident Plc, Galen Holdings
Plc, Gallaher Group Plc, GKN Plc, Granada Plc,
Hanson Plc, HBOS Plc, Hilton Group Plc, HSBC Holdings
Plc, Imperial Tobacco Plc, Invensys Plc, J Sainsbury
Plc, Kingfisher Plc, Land Securities Plc, Lattice
Group Plc, Legal & General Plc, Lloyds TSB
Group Plc, Logica Plc, Man Group Plc, Marks &
Spencer Plc, Misys Plc, Morrison Supermarket Plc,
National Grid Plc, Northern Rock Plc, Old Mutual
Plc, P&O Princess Cruise Plc, Pearson Plc,
Parity Group Plc, Phytopharm Plc, Powderject Pharmaceuticals
Plc, Prudential Plc, Psion Plc, Reckitt Benckiser
Plc, Reed Elsevier Plc, Renishaw Plc, Royal &
Sun Alliance, Royal Bank of Scotland Plc, Royalblue
Group Plc, Safeway Plc, Sage Group Plc, Selfridges
Plc, Shell Transport & Trading Plc, Shire
Pharmaceuticals Group Plc, Six Continents Plc,
Smiths Group Plc, Spirent Plc, Standard Chartered
Bank Plc, Trinity Mirror Plc, Unilever Plc, United
Utilities Plc, Wolseley Plc, and Xstrata Plc.
REASONS
FOR ACTIVITIES
- Oil
shares gained as Brent Crude prices rose 17
cents a barrel to $25.85/barrel.
- Banking
and insurers led the rally today.
- Amersham
gained 5.05% after Lehman Brothers and WestLB
Panmure raised their price targets on the
stock due to its strong first half earnings
report yesterday. Lehman Brothers also kept
its "marketperformer" rating on
the stock, while Marrill Lynch and UBS Warburg
upgraded it.
- Unilever
gained 8.91% after reporting fiscal Q2 operating
profit that rose 14% to 1.99 Billion Euros.
Unilever also raised its fiscal 2002 outlook.
- British
Air ways gained 7.38%, and Easyjet also gained
after Germany's Lufthansa raised its fiscal
2002 outlook and ordered 10 more Airbus aircrafts.
- Telewest
Communications lost 11.11% after its CEO,
Adam Singer, stepped down.
- Acambis
gained after the UK government gave it a go
ahead to do clinical trials for its anti-diarrhea
Vaccine.
- Irish
drug company, Elan Corp, lost 1.08% after
reporting fiscal Q2 net loss of $802 million
on revenue that declined to $456 million.
Elan cautioned about the future due to expected
generic competition for its pain medication,
Zanaflex™. Elan also announced plans to cut
some Irish jobs.
- Vodafone
Group lost 1.02% after positive comments from
its AGM were overshadowed by a Financial Times
article that questioned its accounting practices.
-
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Up to the minute market charts covering commodities,
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closing numbers worldwide.
- Allied
Irish Bank (AIB) gained 7.88% after reporting
first half pretax profit that rose 8% to 519
Million Euros, Earnings per shares roe 8%
to 0.60¢ Euros, and dividends rose 12% to
17.25 Euros. AIB also announced that it has
no plans to sell its troubled US unit, Allfirst.
- BskyB
gained 1.18% after announcing full year revenue
that rose 20% to £2.77 billion. On a per customer
basis, revenue rose 11% to £347. BskyB however,
reported a pretax loss of £1.14 billion, due
to the huge write down from its investments
in Germany's KirchPay TV. CS First Boston
reiterated its "buy" rating on BskyB.
- AWG,
formerly known as Anglian Water, gained 1.26%
after announcing plans to return £1.77/share
to shareholders.
- Selfridges
gained 5.69% after announcing that for the
25 weeks ending July 15th, like-for-like sales
at its Manchester Trafford Centre store rose
14%, while that of its main Oxford Street
store rose 5%.
- Media
giant, Trinity Mirror, gained 3.67% after
reporting first half pretax profit that rose
2.7% to £78.4 million, on turnover of £559.6
million.
- Traditionally
defensive shares like tobacco, retailers and
even utilities enjoyed today's rally.
-
-
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
- The
Bank of England and the European Central
Bank interest rates decisions tomorrow determine
how the markets close - IF all is held constant.
- UK
and US economic and earnings reports will
determine how the markets close this week.
US accounting concerns will play a part
too.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets .
<---D376--->
Market
Summary and Analysis for Tuesday July 30th. 2002
FTSE
100: 4180.9 = -21.8
FTSE
250: 4754.4 = +16.0
FTSE
A/S: 2022.4 = -8.1
TechMARK
100: 760.5 = -8.3
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 all closed lower on dismal US consumer confidence
data. Gainers included: Acambis Plc, Alliance
& Leicester Plc, Amersham Plc, Anglo American
Plc, Axis Shield Plc, Axon Group Plc, BAA Plc,
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