Tuesday 1 February 2011

Market report: Lloyds hit by profit warning rumours

"While the da [Lloyds Director of finance responded] issues with confidence, it recognizes the risks to the economy," said Steven Hayne. He added: "orientation is based on clear economic assumptions - we think investors own view on how the economy will recover continues in 2011 is the key for the case of Lloyd investment ' S.

M. Hayne concluded: "our take is that it seems that some analysts have margin too optimistic assumptions for the second half of 2010."

Lloyd's fell 1.7 70½p while the rest of the banking sector is in demand.Royal Bank of Scotland(RBS), then from 0.6 to 46.9 percent after the better than expected Goldman Sachs figures.

The FTSE 100 is points 5703.89 38.63 and FTSE 250 lost are 48.88 10826.21 points after the Central Bank of China raised unexpected increases in the rate of interest for the first time since 2007.

Mining stocks dragged down blue-chip index for the second consecutive day. This is in part, to increase interest rates has caused the dollar rally decision chinoise.Les gold mining stocks have been especially hard.Fresnillo fall 68% to £ 12.23 then Randgold resources decreased by 195% to £ 62.25.

Base metal mining stocks, Xstrata lost 57 p to £ 12,48 after the largest exporter of central coal production of coal from third quarter said 5MC.Ailleurs sector, Vedanta Resources fell 79 p to £ 21.74 and Antofagasta 44 £ 12.44 p.

Area defenace, BAE Systems throw a 6 percent to 363.9 after the results of the third quarter of rival Lockheed Martin.Goldman Sachs noted that Lockheed Martin has said the industry has experienced "many" delays in program decisions as well as programme and certain adjacent markets cancellations are revealed to be "less mature" than previously expected.

Babcock International slipped 28½-564 p after the Prime Minister, describes the scope of the defence budget cuts."I suspect its [share prices] do with reduced service and support and the potential threat for the Trident, that they have an interest in maintaining,", said David Hiley, a strategic Jane-advice services consultant.

Designer chip ARM fell 10.4 388¾p traders chewed on news that Apple has planned a profit $ 4.80 about one part in the current quarter, which includes shopping year-end holiday season.Analysts surveyed by Bloomberg had predicted 5.03 profit $ per unit.

On a more positive tack, Diageo has increased by 28% to £ 11.63.Il ago rumors that towers may be interested in buying spirit division of LVMH, if the French group manages to obtain a Hermes acqurie agreement last week.

Real estate companies were in vogue as Land Securities, 5 678 p, formed a joint venture with Canary Wharf group to start development skyscrapers talkie walkie 20 Fenchurch Street .the ' agreement allows land securities resuming the speculative construction plan without a pre-let early society million pounds in rental incentives might.It shows also demand long-term major offices is bucking current economic woes in the United Kingdom.British land earned 3 504½p and Hammerson established 416.6 p 1.3.

Grouped index, Xchanging decreased 8.9 to 129.6% after Matrix downgraded on the part of "selling".Matthew Earl, an analyst at Matrix, said: "" see us lower growth prospects for Xchanging short or medium term relating to a consensus and believe that investor concern concerning the Group of expected cash poor performance in 2010 is likely to take some time to address. ""

Bellway has also discard 36½ to 565 p after muted fall home sales force to cut its target throughout the year.

Exploration of the Rockhopper withdrew 324¾p 12 once she raised 206 m £ via placement-315 p a share.

However, "buy" advice from Goldman Sachs raised Charter international 21 to 803 p. "Charter trades at a deep discount peer industrial, but offer returns sustained top-quartile cash and attractive in emerging markets, growth prospects" said Will Wyman, an analyst at Goldman Sachs.Il added: "we believe shares offer hardware potential profitability and re-rating forecast in advance of consensus on strong trade continues to ESAB, compatible with a cycle of steel recovery."

Mothercare was 26½ 523½p after UBS upgraded the stock to "buy".Isabel green, the UBS analyst said: "understand us Mothercare back share lost in toys repositioned its bid and like-for-like sales growth should remain negative in the second half, we believe that risk compensation is balanced upside."

Panmure Gordon tempered 28½p after changing 2½ stated that it had submitted a tentative proposal for the broker, but it had been rejetée.Évolution up 4½ 88½p, said he did not intend to make an offer for Panmure Gordon.

Black Entertainment stir-fry 42½p 9½ after Group confirmed an article published in The Daily Telegraph, was named McQueen, the corporate advisory firm, after approaches possible support.

The retailer, who holds the millet chain stores, said that it was "in preliminary discussions with several parties regarding a possible offer for the company or an offer to acquire certain business and assets of the company".


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