Wednesday 20 July 2011

Ocado affects high soft but FTSE 100 falls

Ocado shares out on loan amount fell by 13pc in the middle of January to 11 3pc, according to figures from data explorers.

Ocado checked up 18.7 275 p, then as M & S withdraw 373.1 0.2% after its heady rise earlier this week. Even more vague talk of a bid from private high street retailer capital have little to raise the price of the shares yesterday.

Despite all the enthusiasm for the London Stock Exchange merged with Canada of TMX - who sent the stock up to 28 920 p - the most extensive market was distinctly dull looking.

FTSE 100 fell 39.04 points to 6052.29, while the FTSE 250 points 11796.61 33.93 hangar. Among the culprits were minors with Antofagasta and Kazakhmys excretion 57 £ 14.56% and 53% to £ 15,69 respectively.

Reckitt benckiser was one of slaughterers more marked, sliding 175 p to £ 32.70. The author of Cillit Bang and Mr. Sheen lost its lustre as its fourth-quarter earnings missed forecasts and is made of slow growth in developed markets.

But having the most impact were stocks ranging ex-dividende, heavyweights like GlaxoSmithKline exchanged without attraction of their next payment.

Gaining ground, however, were the insurers. Implemented resolution on 3.7 270½p and Prudential advanced 16-731½p. Raise the latter was an upgrade of Société Générale, where high analysts rating them the insurer to life "hold" to "buy" and gave him a price target of 820 p. With the recent market rally fade, analysts said they considered Prudential as "potential strong performance" held its defensive company profile.

Claiming pole position was still GKN. With roars come earlier in the week on signs of strengthening of the sale of cars, manufacturer of auto parts and aircraft drove to another 5.6 to 216 p. This time the increase seems to be through positive feedback of JP Morgan Cazenove where analysts kept their rating "overweight" by saying that they believed that the recent fall in the share price on the back of concerns about rising raw material costs was overstated.

"We expect GKN to be able to find them around 85pc increasing steel costs by increasing selling prices," said the broker.

However Nomura analysts are feeling still cautious on admission fees. Write on the European aerospace industry and defense, says broker rising material prices to put pressure on margins to GKN.

Joining GKN in the ranking were respectively of snippets of defensive as Centrica and national grid which rose from 5.8 percent 333.8 and 561 p 8.

Among second-liners, National Express was focus, accelerating 8.2 258.2 percent after a long note of Charles Stanley on operator bus and train, and peers.

Analysts gave the green light a "buy" rating, p 11 stock for £ 12.80 and National Express lifting "hold" recommendation and 230 p price target. The broker emphasized the potential of franchises longer in the transport sector and questioned whether this is good news for the sector.

"How Britain's railways are funded and run changes." This means that longer terms of franchise. "Is this change a good thing for equity - holders or should rail operators have been more careful what they wanted to?"request analyst.

In isolation, the broker has counted was positive, it added that, in turn, the Government expects to take more risks and provide more capital rail operators, so companies will have strong balance sheets need and good access to credit.

There was speculation that one of the National Express - Cosmen - family shareholders may be team with a Fund of New York coverage to the engineer a sale or the breakdown of the transportation company. However, who was abused by the analysts at the Royal Bank of Scotland, saying: "time was 2009".

Taking the gold medal, however, was of CSR. While her peers to blue-chip arm Holdings were often caught the newspapers, midcap manufacturer of chip GPS, bluetooth and wi - fi was featured afterwards stick full-year loss of £ 5. 7 £ 14 m. 2 m the last time and saying it expected revenue increase this year thanks to new products.

Analysts at Numis kept their "buy" rating on CSR, saying that they had more confidence in the prospects of the company's growth this year. CSR soared 37.8 percent 445.3 then the arm to check up to 7 at 602 p.

Slide, however, was Victrex. He has slipped 46 p to £ note: as JP Morgan Cazenove cut its rating to "neutral" from "overweight" on the basis of assessment.

Input pressure too was cable & wireless Communications (CWC). Dealers were rejected by the press group had purchased an 51pc interest in Bahama telecommunications company and instead focused on trade market tough Caribbean the group key. The shares fell 2.28 percent 46.99.

A cautious note of Peel Hunt its toll on some of the housebuilders Bovis and Taylor wimpey fell 2.6 p 451.3 and p respectively 36.94 0.82 after analysts reiterated their ratings on two "sell" stocks. However, Redrow edged up 0.2 percent 128,8 despite also received a "sell" recommendation.

"We have concerns about the environment loan on the status of borrowers and the impact on the price of real estate in 2011," said analysts. "In addition we fear generation cost pressures that may be difficult to retrieve.


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