Tuesday 27 December 2011

Rexam rises on rumours of sale such as FTSE 100 slips back

Merrill analysts describes a potential sale as a positive and said that it might help to unlock the value of the stock. They added that closing sales had continued to decline for the company this year after a painful 2009 and that an assignment would relieve Rexam "link in its portfolio of plastics".

A spokesman for Rexam has confirmed that society considers options for beverages and specialty closures business which might be a sale. Merrill kept his "buy" on Rexam, which ticked up to 11.7 percent 322.6.

Despite the rise of Rexam, blue-chip index was not taking flight as the doubts on the perspective of the Spanish economy restricted the recent Santa rally. The FTSE 100 lost 5882.18 9.03 and FTSE 250 throw 11372.81 37 points.

Moody said that he could retire the Spain debt rating, banks suffered anxiety traders with Barclays suffering from the fall of fears about its exposure to Iberian disorders more marked in the middle.

Also weighing on the shore were grumbling, after fees, Standard Chartered and Deutsche Bank, Barclays issues could also move to exploit investors. Barclays has dropped 10 to 262 p and HSBC lost 66.1.p 10.6.

Too was Tullow Oil, despite the first oil in the pot black Ghana celebrated Wednesday Jubilee field. Analysts of the evolution of said securities that the ceremony is a "callback in a timely manner how Tullow came in a very short period of time in Ghana with Jubilee on stream only three and a half years after its discovery. However, Tullow slipped back 21 p to £ 12.15.

Take a nose dive was British Airways. The airline fell 5.6% 272.4's concerns over the cabin crew strike costs.

Another airline, Flybe, lost altitude despite it emerging partners to George Soros, quantum took a 3 4pc set in the budget carrier. Flybe, whose last week, slipped 2.75 percent 337.25.

Return among blue-chips, leading the charge on an otherwise dull day was Capital shopping centres. The acquired property investor 19.3 percent 415.6 as it indicate an offer of £ 2 9bn Simon Property value.

Scottish & Southern Energy continued to be supported by the gossip with the utility company on 16 per cent to £ 11.66. There were also gossip autour autonomy. The company rose 68% to £ 14.75 per rumors like the towers can be taken in the next year, with Oracle and Microsoft touted as to potential predators.

Whitbread recovered some of the losses Tuesday. The Premier Inn owner and coffee Costa advanced p 34 £ 17.74 as evolution securities analysts increased their price target £ 20.50 from £ 17.40.

"It is tempting to pull profits if one viewed price table share but to do so would miss the next stage of history," said analyst Nigel Parson. «Whitbread performs very well and the platform is in place to accelerate the brand roll-outs.»

Second-liners, main was the ascendant after parts manufacturer said it expected the result for the year to be a little bit in advance market forecasts. Main ticked up to 3.8-145 p.

But at the other end of the spectrum, supergroup takes a fall. Mark wear, which is a this year more successful floats, plunged 178 p to £ 14.50 as he warned that material increases can affect gross margins next year.

Other retailers were also in discussion with analysts chewing the Knight Vinke game-building Kesa Electricals and taking into account the perspectives for music and DVDs retailer, HMV.

Coast capital analysts retained their "selling" on Kesa versus a Dixons "purchase". The broker has said that his concern is that if the Kesa will achieve its goal of progress towards 20pc share in its main markets, which will result in additional investment in prices remain competitive.

"The price of shares does not reflect these concerns, which is the Knight Vinke on game 10pc," said analysts. "We believe that open to Kesa options are few." President already went on record the Kesa is unlikely to dispose of its assets, which in all cases be difficult given the size of the stores. Another option is to turn around the UK company. »

KESA fell 2.7% 165.9 while Dixons relaxed 0.54 for 25,38 p.

HMV lost ½ 34 percent as Nick Bubb, an analyst partners Arden, cut his position "add" to "buy" and reduced his price target to 40 per cent by 74 percent.

He said the change in rating and forecast come after week last "very poor intervals and cut dividend shock."

"With shares up to 35 percent, our confidence that the assessment of HMV was wrong has been shaken and it remains to be seen whether, Alexander Mamut [Russian billionaire] is throwing good money after bad, by increasing its participation in 5MC,", he added.

But Mr. Bubb said that he was not renounce on HMV completely because he thinks that "something can be salvaged from the wreckage."

"Plan A clearly has not worked, with relief, omitted core business but a Plan B which implies a break up or restructuring of the Group (e.g., the potential sale of Amazon) and monetizing digital assets expected to create some backwards", was added.


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