Monday 23 May 2011

Tub thumping bolsters Standard Chartered

The analyst also highlighted force Standard Chartered in emerging markets. «With its incomparable positioning through Asia, Africa and the Middle East and guard the roof very important for steady market share growth in the scale of the opportunity is immense», he added.

Standard Chartered spent 45 p £ 16.74 as the broader market rebounded as signs of manufacturing anxieties prevails exceeded growth in agitation in Egypt. The FTSE 100 advanced points 94.88 – 1. FP6 - 5957.82 while the FTSE 250 established 136.96 at 11608.47 points.

Pulling the large cap into positive territory were minors, the news of the growth in the manufacturing sector of China fueled the expectations of the strong demand for materials first nation hungry metal. Fresnillo, Antofagasta and Kazakhmys points 88 p to £ 13.84, 66 p to £ 14.72 and 72 percent to £ 15.78 respectively.

The ascent is made gains metals prices yesterday, with copper hit a record $9,955 (£ lífeyrissjóðir) a ton, before closing at $9,945. Analysts at Goldman Sachs predicts there was stronger in the future copper prices. "We believe that the fundamentals are in place to run extended over $9,000 ton and we expect prices in the second half of 2011 to ration demand," they added.

Centamin Egypt soared 10.6 147 percent since he shrugged his concern with the instability of the Egypt. The mining company said its day-to-day activities and the safety of its employees with its lighthouse, Sukari gold project based in the eastern desert of Egypt, are not affected by the events. Also give the shares a lift has been in the fourth quarter record gold production.

Analysts at Numis kept their "buy" rating on Centamin, saying Egyptian liquidation was "too much" and recommended to buy low price share.

Furthermore, Kenmare resources Petropavlovsk advanced 3.3 38.8 p and p 48-£ 10.71 respectively.

But while the concerns of dealers on the Egypt have been reduced, analysts Peel Hunt pointed instability elsewhere in the Middle East. King Abdullah II of Jordan Tuesday dismissed his Government, which the broker was a greater threat to hikma Pharmaceuticals - which is based in the country - the Egyptian crisis.

Paul Cuddon, Peel Hunt, analyst cut his rating on Hikma "sell" from "hold". He considered the dismissal of the Government as "a threat to the dominant position Hikma was established in Jordan, gateway on the market of the Middle East and North Africa".

However, Morgan Stanley analysts appear relatively unfazed by the evolution of the Middle East and their impact on Hikma. The broker has kept its rating "equal-weight" on the drug manufacturer, saying: "fluid developments across the Tunisia, Egypt and Jordan (8pc 10pc of sales) are a blow to sentiment, although we do not anticipate a change in long-term structural growth for pharmaceutical markets history throughout the region. Hikma acquired 30½ at 834½p, after four days of losses.

Return among blue-chips, arm Holdings and autonomy were support for first place — only to be overtaken by Fresnillo - after two corporations displayed results than the pleasure of the market.

Designer chip arm acquired 31½ in 547½p after realizing increased profits 73pc year-round, lifted by strong demand producers Smartphone and tablet computers.

Although there is still no sign of raised long acquisition of autonomy, the software company acquired 94 percent to £ 15.90 as it reported an increase in sales of its core product.

With the market in optimistic mood, gros-cap only 12 stocks were in negative territory. Travel companies remained in the pot to black with tui travel and Intercontinental Hotels, falling from 1½ to 251½p and 12 percent to £ 13.03. Between mid-caps, Thomas Cook hangar 2.7 187.9%.

However, bae Systems has been most pronounced blue-chip faller, sliding 8.4 percent 333.6.

Tate & Lyle' s share price is strained after he raises the price of corn up to one-fifth its sweeteners to offset the explosion in the price of corn. Although the company said that it should make progress on the exercise, he fell 9½-542 pp.

Analysts at Investec retained their rating from "hold" on Tate & Lyle and said they expected to see some profit taking on the back of the Declaration.

At the other end of the spectrum, Ocado rose 29.7% 247.7(2) to make first place after the retailer posted online grocery more narrow losses year-round.

ambrian Capital advanced 2½ to 26.75% as the natural resource-based investment bank said profits for the year were supposed to be substantially ahead of £ 1. 82 m estimated in December.

However, 212½p congenital Matchtech slipped staffing company after it provides that the benefit of year-round was likely to be around 20pc below of estimates, after having invested strongly increase its workforce.


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