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LONDON STOCK EXCHANGE DAILY MARKET SUMMARY
AND ANALYSIS (Late Edition) ARCHIVES
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Market
Summary and Analysis for Tuesday September 17th.
2002
FFTSE
100: 4025.1 = -19.2
FTSE
250: 4654.7 = -4.7
FTSE
A/S: 1949.7 = -8.1
TechMARK
100: 706.2 = -9.4
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower. Gainers included: Acambis Plc,
Allied Domecq Plc, Alphameric Plc, Anglo American Plc,
Arc International, Astrazeneca Plc, BAA Plc,
Barclays Plc, BHP Billiton Plc, Big Food Group Plc,
Biocompatibles Plc, BOC Group Plc, Brambles
Industries Plc, British American Tobacco Plc,
British Airways Plc, Capital Radio Plc, Centrica
Plc, Cobham Plc, Computacenter Plc, Diageo Plc,
Dicom Group Plc, Dimension Data Plc, Dixons Group
Plc, Easyjet Plc, eBookers Plc, Eidos Plc, Elan
Corp, Exel Plc, Gallaher Group Plc, GlaxoSmithKline
Plc, Go Ahead Plc, GUS Plc, Hays Plc, HBOS Plc,
Hilton Group Plc, HSBC Holdings Plc, Imperial
Tobacco Plc, Johnson Matthey Plc, Kingfisher Plc,
LastMinute.Com Plc, Legal & General Plc,
Logica Plc, Meggitt Plc, Misys Plc, ML Labs Plc, Morrison Supermarket Plc,
Morse Plc, National Grid Plc, Northern Rock Plc,
Old Mutual Plc, P&O
Princess Cruise Plc, Project Telecom Plc, Reckitt
Benckiser Plc, Reuters Group Plc, Rio Tinto Plc,
SABMiller Plc, Schroders NV, Schroders Plc, Scottish
& Newcastle
Plc, Scottish & Southern Energy Plc, Six
Continents Plc, Skyepharma Plc, Smith & Nephew
Plc, Telewest Communications Plc, Thus Group Plc,
Unilever Plc, WPP Group Plc, and Xstrata Plc.
REASONS
FOR ACTIVITIES
- The
UK's Consumer Price Index (CPI) declined to
1.9% in August.
- Cobham
gained 0.10% after reporting that its first
half pretax profit rose 6.1% to £50.7
million, as turnover rose 2% to £349.5
million.
- National
Express lost 1.69% after reporting that its
first half pretax profit declined by almost
half to £37.2 million.
- Xansa
lost 52.03% after warning about its profits
due to "extremely tough" market
conditions.
- Oil
shares closed lower as Iraq's acceptance to an
unconditional return of UN weapons inspectors
took out the war price premium.
- Tesco
lost 5.32% after reporting first half pretax
profit that rose 13% to £545 million, as its
turnover rose 11% to £12.7 billion.
- British
Energy lost 33.33% after The Financial Times
reported that putting the company in
administration will end up being the right
thing to do.
- SABMiller
gained 0.22% after announcing that its
earnings for the current 5 months are ahead of
last year's.
- Johnson
Matthey gained 0.57% after announcing that its
first half profits will beat last year's.
- The
Big Food Group gained 5.19% after the Wall
Street Journal reported that the company's
management might make a buyout bid for the
company.
- Celltech
Group lost 6.74% after reporting first half
pretax profit that rose 36% to £10.1 million,
as turnover rose 16% to £155.6 million.
- BAE
Systems lost 7.04% after CS First Boston cut
its price target.
- Rio
Tinto gained 1.65% after paying A$53.8 million
for a further 3% of Australian coal miner,
Coal & Allied Industries. Rio Tinto now
owns 76% of Coal & Allied Industries.
- Kingfisher
and Skyepharma both gained on the eve of their
earnings reports.
- AFTER
CLOSE: Oracle reported fiscal Q1 earnings that
met, but missed on turnover estimates.
-
Visit our
Up to the minute market charts covering commodities,
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PICKS
FOR NEXT MARKET DAY
- Iraq's
agreement to an unconditional return of UN
weapons inspectors, the UK
and US economic and 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.
<---D389--->
Market
Summary and Analysis for Monday September 16th.
2002
FTSE
100: 4044.3 = +36.3
FTSE
250: 4659.4 = -10.6
FTSE
A/S: 1957.8 = +14.2
TechMARK
100: 715.5 = -7.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 closed
higher after the so-called Black Wednesday, while the TechMARK
100 closed lower. Gainers included: Abbey
National Plc, Allied Domecq
Plc, Anglo American Plc, Anite Group Plc,
Ashtead Plc, Aviva Plc, BAA Plc, Barclays
Plc, BHP Billiton Plc, BP Amoco Plc, Bradford
& Bingley Plc, British Land Co. Plc, BskyB Plc,
BT Group Plc, Dixons Group Plc, EMI Group Plc, Exel Plc,
Friends Provident Plc, GKN Plc, GlaxoSmithKline
Plc, Granada Plc, GUS Plc, Hanson Plc, HBOS Plc,
ICI Plc, Imperial Tobacco Plc, International Power
Plc, Interserve Plc, Invensys Plc, J Sainsbury Plc,
Johnson Matthey Plc, Land Securities Plc, Lloyds
TSB Group Plc, Logica Plc, Marconi Plc, Marks
& Spencer Plc, Morrison Supermarket Plc,
National Grid Plc, Northern Rock Plc, P&O
Princess Cruise Plc, PPL Therapeutics Plc, Premier
Oil Plc, Reuters Group Plc, Royal Bank of Scotland
Plc, Safeway Plc, Schroders Plc, Scottish Power
Plc, Scottish & Southern Energy Plc, Shell
Transport & Trading Plc, Severn Trent Plc,
Tesco Plc, Ulster TV Plc, Vodafone Group Plc,
Wolseley Plc, WPP Group Plc, and Xstrata Plc.
REASONS
FOR ACTIVITIES
- PPL
Therapeutics, the company made famous by Dolly
the cloned Sheep, gained 4.00% after
announcing that it is closing its Stem-Cell
unit.
- Cable
& Wireless lost 2.73% after announcing
plans to sell its US Voice business to Primus
Communications for £20.5 million, payable
over 2 years.
- Oil
shares gained due to the OPEC meeting due this
week, and the war tensions between the US and
Iraq.
- Ashtead
gained 14.52% after announcing that it has
terminated its takeover talks, and the company
sees fiscal Q1 trading in line with estimates.
- Mining
shares gained due to the continued war
tensions between the US and Iraq, and the
weaker South African Rand.
- Vodafone
Group gained 1.94% on an Italian news report
that it will raise its bid fro France's
wireless operator, Cegetel, by £1 billion to
£9 billion.
- Reuters
Group gained 4.68% after the Sunday Mail
newspaper reported that it is about to sign a
major contract with the US' largest brokerage
house, Merrill Lynch.
- Marconi
gained 12.68% after announcing the
introduction of a new Switch-Router, and that
it has already made a sell to the US
government.
- Invensys
gained 3.52% after its briefing with analysts
left them with nothing but positive comments.
- AFTER
CLOSE: Iraq agreed to an unconditional return
of UN weapons inspectors.
-
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.
PICKS
FOR NEXT MARKET DAY
- Iraq's
agreement to an unconditional return of UN
weapons inspectors, the UK
and US economic and earnings reports will
determine how the markets close this week.
indexbody -->
Visit our sister portal to read more on our
analysis and summary of the US Stock Markets.
<---D388--->
Market
Summary and Analysis for Wednesday August 14th.
2002
FTSE
100: 4171.1 = -100.6
FTSE
250: 4711.7 = -11.4
FTSE
A/S: 2014.4 = -42.2
TechMARK
100: 742.6 = -11.2
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the TechMARK
100 closed lower. Gainers included: Allied Domecq
Plc, Amersham Plc, BAA Plc, BAE Plc, BOC Group
Plc, British Land Co. Plc, Bunzl Plc, Cadbury
Schweppes Plc, Cambridge Antibody Plc, Cobham
Plc, Colt Telecom Group Plc, Compass Group Plc,
Exel Plc, First Technology Plc, Hanson Plc, Kidde
Plc, Land Securities Plc, Legal & General
Plc, Severn Trent Plc, Smith & Nephew Plc,
Ultra Electronics Holdings Plc, and Xstrata Plc.
REASONS
FOR ACTIVITIES
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Market
Summary and Analysis for Tuesday August 13th.
2002
FTSE
100: 4271.7 = +50.1
FTSE
250: 4723.1 = +21.6
FTSE
A/S: 2056.6 = +21.9
TechMARK
100: 753.8 = +1.3
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the
TechMARK 100 closed higher before the US Federal
Reserve FOMC concluded their meeting. Gainers
included: Abbey National Plc, Acambis Plc, Alliance
& Leicester Plc, Allied Domecq Plc, Amersham
Plc, Amvescap Plc, Associated British Foods,
Astrazeneca Plc, Aviva Plc, BAA Plc, Barratt
Developments Plc, Berkeley Group Plc, Bookham
Technologies, Boots Co. Plc, BP Amoco Plc, Bradford
& Bingley Plc, Brambles Industries Plc,
British American Tobacco Plc, BT Group Plc,
Bunzl Plc, Cadbury Schweppes Plc, Cambridge
Antibody Plc, Celltech Group Plc, Centrica Plc,
Colt Telecom Group Plc, Compass Group Plc, Daily
Mail & General Trust Plc, Dixons Group Plc,
Eidos Plc, Emblaze Systems Plc, First Technology
Plc, Galen Holdings Plc, Gallaher Group Plc,
GKN Plc, GlaxoSmithKline Plc, GUS Plc, Hanson
Plc, Hays Plc, HBOS Plc, Hilton Group Plc, HSBC
Holdings Plc, Imperial Tobacco Plc, Invensys
Plc, J Sainsbury Plc, Kidde Plc, Kingfisher
Plc, Lattice Group Plc, Legal & General
Plc, London Bridge Software Plc, National Grid
Plc, Next Plc, Northern Rock Plc, NSB Retail
Systems Plc, Medisys Plc, MmO2 Plc, Morrison
Supermarket Plc, Old Mutual Plc, Oxford Instruments
Plc, Premier Farnell Plc, Prudential Plc, Reckitt
Benckiser Plc, Reed Elsevier Plc, Rentokil Initial
Plc, Rio Tinto Plc, Royal bank of Scotland Plc,
SABMiller Plc, Safeway Plc, Scottish & Southern
Energy Plc, Scottish Power Plc, Severn Trent
Plc, Shell Transport & Trading Plc, Shire
Pharmaceuticals Group Plc, Six Continents Plc,
Skyepharma Plc, Smith & Nephew Plc, Smiths
Group Plc, Spirent Plc, Standard Chartered Bank
Plc, Telemetrix Plc, Tesco Plc, Thus Group Plc,
Ultra Electronics Holdings Plc, Unilever Plc,
Vodafone Group Plc, and Wolseley Plc.
REASONS
FOR ACTIVITIES
- AFTER
CLOSE: The US Federal Reserve FOMC left interest
rates unchanged, with a bias to a future cut,
if the weakening in the US economy continues.
US markets closed lower on the news.
- The
UK Consumer Price Index (CPI) rose to 2.0%
in July.
- Premier
Farnell gained 5.29% on a CS First Boston
upgrade.
- Oil
shares and prices gained after Iraq stated
that it sees no reason why UN weapons inspectors
should return to the country - this is more
ammunition to an already escalating war of
words between the US and Iraq.
- Banking,
pharmaceuticals, and telecommunications shares
all gained.
- Barratt
Developments and the Berkeley Group all gained
after Schroder Salomon Smith Barney upgraded
them.
- Advertising
and media shares closed lower after France's
advertising giant, Publicis, reported weaker
than expected results late Monday.
- Waste
Recycling lost 18.17% after reporting full
year pretax profit that rose 7.4% to £21.7
million. Waste Recycling is concerned that
increasing legislation and standards will
affect its bottomline.
-
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.
- Old
Mutual gained 2.22% after JP Morgan upgraded
it to "market perform", based mostly
on its valuation.
- British
Energy lost 29.81% after one of its Nuclear
Reactors was put out of service for safety
checks.
- Firs
fighting equipment maker, Kidde, gained 6.90%
after UBS Warburg upgraded it.
- Clothing
retailer, Matalan, lost 8.63% after announcing
that its Director of Finance, Ian Smith, is
resigning at the end of this fiscal year.
- Ncipher
lost 0.96% after reporting first half losses
rose almost double to £2.81 million, on revenue
that declined 26% to £6 million. Ncipher expects
the next of the year to be rough.
- Bradford
& Bingley gained 3.34% on the eve of its
earnings report.
-
NEW
SERVICES: We now have operations in these
countries: Australia,
Canada,
South
Africa, UK
& Ireland, and United
States. Please take full advantage
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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.
<---D385--->
Market
Summary and Analysis for Monday August 12th.
2002
FTSE
100: 4221.6 = -100.8
FTSE
250: 4701.5 = -21.4
FTSE
A/S: 2034.7 = -42.5
TechMARK
100: 752.5 = -12.8
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the
TechMARK 100 closed lower, as US markets led
the decline on the eve of the US Federal Reserve
FOMC meeting. Gainers included: Acambis Plc,
Antisoma Plc, Autonomy Plc, BOC Group Plc, British
American Tobacco Plc, Celltech Group Plc, Dixons
Group Plc, eBookers Plc, Gallaher Group Plc,
GUS Plc, Hiscox Plc, International Power Plc,
KS Biomedix Plc, Lattice Group Plc, Manchester
United FC Plc, MyTravel Group Plc, Sage Group
Plc, VT Group Plc, Xansa Plc, and Xenova Group
Plc.
REASONS
FOR ACTIVITIES
- BAA
Lost 3.51% after reporting that passenger
numbers rose only 0.4% at its Airports. The
North American bound traffic continues to
slide, but was offset by improvements in the
Domestic and European traffic. Airline shares
lost on the news.
- EMI
Group lost after an industry survey showed
that second quarter records sales were down.
- Powderject
Pharmaceuticals lost 23.47% after recalling
its BCG Tuberculosis Vaccine in the UK.
- Granada
lost 5.0% after the weekend press reported
that its CEO, Steve Morrison, might be leaving.
Media shares were generally lower today.
- Old
Mutual lost 5.69% after announcing first half
operating profit that declined 16% to £381
million, which met city estimates. Old Mutual,
which still generates most of its revenue
from South Africa, lost due to the weakening
Rand against the Pound Sterling. Insurers
closed lower on the report, and the poor earnings
reported last week by Royal & Sun Alliance
(RSA).
-
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.
- HBOS
closed unchanged despite positive comments
from CS First Boston. Banking and financial
shares were lower as all eyes and ears are
focused on the US Federal Reserve FOMC action
after the close of the LSE regular trading
tomorrow.
- Biotechnology
shares gained after the Financial Times reported
that major UK biotechnology companies have
been negotiating secretly to establish a Cancer
treatment company to compete globally.
- Telecommunications
and oil shares closed lower, while defensive
shares like tobacco gained.
- eBookers
gained 4.21% after reporting fiscal Q2 losses
that narrowed to £3.56 million. eBookers also
expect fiscal Q3 to be a strong quarter too.
-
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
Federal Reserve FOMC meeting will determine
how the market closes in at least the next
2 days.
- 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.
<---D384--->
Market
Summary and Analysis for Friday August 9th.
2002
FTSE
100: 4322.4 = +81.9
FTSE
250: 4722.9 = +50.6
FTSE
A/S: 2077.2 = +36.4
TechMARK
100: 765.3 = +7.5
SUMMARY
& ANALYSIS
The
London Stock Exchange (LSE) FTSE 100 and the
TechMARK 100 rallied, and closed this week at
levels not seen in months. Gainers included:
Acambis Plc, Alliance & Leicester Plc, Anglo
American Plc, ARM Holdings Plc, Associated British
Foods Plc, Autonomy Corp, Aviva Plc, BAA Plc,
Barclays Plc, Bellway Plc, BG Group Plc, BHP
Billiton Plc, Boots Co. Plc, BP Amoco Plc, British
Biotech Plc, BskyB Plc, Cadbury Schweppes Plc,
Canary Wharf Plc, Capita Group Plc, Daily Mail
& General Trust Plc, Easyjet Plc, eBookers
Plc, Eyretel Plc, Friends Provident Plc, GlaxoSmithKline
Plc, Granada Plc, GUS Plc, Hays Plc, Hilton
Group Plc, Imagination Technology Plc, International
Power Plc, Invensys Plc, Lloyds TSB Group Plc,
London Stock Exchange (LSE) Plc, Marconi Plc,
Millennium & Copthorne Plc, Misys Plc, Morse
Plc, National Grid Plc, Next Plc, Old Mutual
Plc, Prudential Plc, Reckitt Benckiser Plc,
Reed Elsevier Plc, Reuters Group Plc, Royal
Bank of Scotland Plc, Safeway Plc, Sage Group
Plc, Schroders Plc, Schroders NV, Scottish Power
Plc, Shell Transport & Trading Plc, Shire
Pharmaceuticals Group Plc, Six Continents Plc,
Stanley Leisure Plc, Taylor Woodrow Plc, Unilever
Plc, Wolseley Plc, WPP Group Plc, and Xansa
Plc.
REASONS
FOR ACTIVITIES
- Banking
shares again gained and led the FTSE 100 to
its best close since July 10th, and the best
week since September last year.
- Reed
Elsevier gained 5.95% and helped media shares
to close higher after analysts had positive
comments about it.
- Insurers
gained today, after losing yesterday due to
the poor earnings report from Royal &
Sun Alliance (RSA). RSA closed lower again
today.
- Oil
prices and shares gained on continuing tensions
between the US and Iraq.
- Hotel
shares gained today after Millennium &
Copthorne reported stellar earnings yesterday.
-
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