Minors in walking as FTSE 100 hits new high

"Our analysis indicates the mining sector sooner in 2011, but beyond this outperformance will require dramatic changes in mining companies", said analysts. These changes, the broker has suggested, could include several coherent buyback programs account kept a generation of cash free high flow, low debt position and M & A limited options.

Whereas minors provided much of the support for the gathering of blue-chips, banks were also on the market with HSBC and Barclays WINS 26.3 715 p and 10.6 to 302,6 p respectively.

Slipping back, however, was GKN. The manufacturer of car parts and aircraft, who played strongly recently, hangar 6.2 230,9 percent.

Cairn energy is also on the decline. Explorer fell by 5.5 percent 449.8 despite Jefferies launch on Explorer with a rating "buy." The push came in a volume of 314 pages published by the broker on the exploration and production sector. One of his favorite items was tullow Oil, which rose from 11% to £ 13.80.

Sainsbury j was in the doldrums, excretion of 8.4-382 p despite the display of Christmas sales. Traders have stressed that supermarket chain actions have a solid race end. Sainsbury's rival, wm Morrison, fell 3.4 at 269½p, while the marks and Spencer has dropped 0.6 percent 372.6. Weighing on M & S was two downgrades of Société Générale and UBS. Cut off its position to "neutral" from "buy", a day after the high street chain warned that trade could get tougher as consumers tightening their belts.

UBS analysts said that their "buy" had been based on a point of view that consensus estimates were too low and that the relief effort would be more than enough to offset the wider pressure on UK consumer spending.

But the broker said: "the former now appears unlikely after discontinuation of snow, especially concerning estimates of profit for 2010 - 2011." It is still possible, but in the past months, consumption - especially the price risks of gasoline and the debate of the inflation/interest - rate probably increased. »

With a large number of measures of mutual assistance with an advantage further down the line, analysts have concluded that 2011-2012, could still be a difficult year for M & S.

But it was a different story on the second level, supergroup shook off the coast of its recent slowness. Wear retailer soared 226 p to £ 13,90 as he posted an increase of 90pc in Christmas sales.

Retailers aren't the only businesses to have fought with the snow, it is also likely to have had an effect on the pubs and restaurants. Yesterday, Restaurant Group reaches 18.8 p 293.4 as the owner of the benefits of said Garfunkel and Frankie and Benny must fight just to market forecasts strong trading at its new sites to offset the impact of heavy snowfalls.

But prior to scanning of trading updates of brewers and groups of pub over the next two weeks, analysts for Deutsche Bank calculated that overall market, between 500 million books and 750 million pounds of sales could be lost due to snow. However, they noted that January of last year was also poor, therefore a "bag mixed comments" pubs was likely.

Enterprise Inns - on which Deutsche has a "buy" - dropped from 2½ to 112 p. join company among the laggards hostels was Cookson, which 24½ 650 p UBS cut to "sell", industrial materials company "neutral".

But at the other end of the spectrum Gartmore. The Fund Manager jumped from 12.4 to 103 p as Henderson uproot it in a deal valuing Gartmore to 335 million to £. Henderson grew 12.8-151 p.

M & A mumblings had an impact elsewhere on the market. Smith & Nephew (S & N), which was the subject of unconfirmed rumors that he drove an inclination of Johnson & Johnson, was again on the ascendant. Switzerland Credit analysts suggest in light of current price pressures and the decline in innovation, "further consolidation seems sensible and would be welcomed by investors."

If Johnson & Johnson should combine with S & N, the broker said considerations anti-trust "do not seek to be an insurmountable obstacle. S & N is passed 10½ at 680½p.

Always on the M & a theme, Nomura analysts suggested that Diageo might be on the trail of takeover. Analysts noted that the owner of the Gordon gin is relatively quiet on the M & A Waterfront since then buy a part of Seagram company in 2002. However, the broker has been suggested that this could be about to change.

We believe that several possibilities are starting to emerge for possible acquisitions and Diageo is now in a strong financial position to enjoy here. "Furthermore, the company recently changed its financial Director, which can lead to a less rigid approach to the assessment of the acquisition," said analysts.

According to Nomura, brands that Diageo could seek to put in his cabinet beverages include Jose Cuervo tequila and Mey Icki, author of raki.

Diageo had 24 p £ 12.12, while his peers SABMiller has decreased by 35½p to £ 22.08½.

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Minors hoist large cap as the price of metal Bond

With gold reaching another top and silver destabilization $40 an ounce for the first time since 1980, as well as copper checking, Fresnillo and Randgold resources advanced 38 p to £ 16,46 and 110 p to £ 53.40 respectively.

But it was not just surging metal prices having a positive impact on minors. M & A potential reactions were also the towers, invited by expectations that commodity trading house, Glencore, will float in London. Swiss-based Glencore already has almost 35pc of Xstrata and mines and the logistics of the chains around the world, as well as trade commodity. Bernstein analysts believe that Glencore could float in the second quarter of this year and perhaps try to merge with Xstrata.

Then, analysts estimate, the combined entity could make room for anglo american. The broker believes that such acquisition may be motivated by factors, including an overlap of solid goods between the two companies, including copper and nickel.

"Even outside this scenario, we believe that Anglo American is the target of acquisition probably among the large diversified miners and might be of interest in the company of a number of his peers," said Bernstein analysts.

They have highlighted two other potential M & A among minors diverse major, including bhp billiton to another offer of Rio tinto and Xstrata sell himself to the Chinese of a takeover of 30pc premium. Xstrata advanced 40½p to £ 125 p to £ 33.44 15.13½ and Anglo American. BHP Billiton and Rio Tinto progression 68½ £ 25.85½ and 139 p to £ 45.24 respectively. Minors midcap kenmare Resources and African Barrick Gold advanced 3½ to 49 p and p 18½ to 563, respectively.

Activity in the resource sector helped establish the benchmark on a firm footing after it slipped back later Thursday following another earthquake in the Japan. The FTSE 100 rose 48.38 points to 6055.75, then that the FTSE 250 points 66.77 at 11726.19.

Also on the rise has been undertaken of security, G4S, who set p of 3.6 to 262,7 after purchasing group Cotswold, a provider of surveillance, of £ 10. 2 m.

Ticks too was drug manufacturer, Shire, higher at £ 18.19 28 p. He has given boost by the American Food and Drug Administration (FDA) by saying that it was not recommending changes in the use of stimulants to treat hyperactivity, such as Adderall XR of the County, after a review of a study on the potential heart disease risks posed by drugs. The FDA has not yet give an update completes its review, but traders were encouraged by the positive signals from surveillance of drugs.

"Even if not absolutely definitive, that is positive for the stimulant class and Shire," said Bernstein analysts. "" "". Concerns about the possibility of a wrong result moderate our enthusiasm for Shire. »

Join Shire was Scottish & Southern Energy, spread up to 29% to £ 13.12 as Credit Switzerland developed at the enterprise level of public services "outperform" from "neutral", which raised its price target to £ 12.25 £ 14.00.

Conversely, Credit Switzerland cut ICAP of "neutral" to "underperform" for purposes of evaluation, sending broker disappear down 21 519 p.

Drag-back was too Aggreko, who reached 30 p £ 16.66, that Morgan Stanley, also citing reasons for the evaluation, cut electricity provider temporary to "equalweight" from "overweight".

As oil rose to a high airlines, 30 months prices fell from favour. On the top flight, International Airlines Group slid 5.6 p 217.4 while peer midcap easyJet declined 8.7% 324.3. Also weighing on this last point was a note from UBS cut its price target to 460 p 420 p, but keeping its rating to "buy".

Leading the laggards, however, was online games company bwin.party, which sank 6.4 c p. With investors still scratching his head on the implications of the German States - apart from the Schleswig-Holstein - proposes to strengthen their regulations on gambling, Numis analysts recalled the words of Lord Palmerston: "only three people have never really understood the Schleswig-Holsteinle Prince Consort business"who is dead, a German Professor, who lost the reason and me, who have forgotten all about it. »

Since the emergence of proposals Wednesday, the share of the bwin.party price slipped 18 5pc, as worried investors of the potential impact on earnings. But analysts at Numis thought that it was an overreaction, "which will reverse as the proposed Act is improved in the coming months" and retained their "buy" rating.

However, UBS analysts cut their rating to "sell" from "neutral", with a price target of p 100 185 p.

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Blue-chips slide as minors strike benefits

Miners suffered profits taken once executed a strong with Anglo American, BHP Billiton and natural resources of the Corporation lose 19½ 906 p, 56 percent to £ 21.96½ and 52 percent to £ 29.30 respectively.

Insurers were also favour after Bank of America Merrill Lynch downgraded its ratings on four companies in the sector, primarily citing reasons for evaluation.The broker reduces legal & General position of "buy" to "neutral", in the wake of doing well in the latest mois.Juridique & general actions fell 1.3 101½p.

Standard Life and Old Mutual "neutral" from "buy", also cut analysts by reducing its price target to 160 p 155 p but leaving the target unchanged old price 250 p.Standard Life declined by 0.7 percent 226.3 and Old Mutual dropped 3.3 1 p. Aviva, cut to "underperform" from "neutral", lost 1.2 percent 399.6.

Negative sense extended to banks, where the concerns of the own funds requirements persisted.Lost Barclays 4 p 277.35 and Standard Chartered throw 16½ £ 17.89½.

On a positive note, exploiting that Carnival cruise plot an increase of 114% to £ 27.68 upwards the leader board as counterpart listed U.S., Royal Caribbean Cruises, raised its expected benefit.

Reckitt Benckiser is are strengthened to 18 per cent to £ 34.36 after winning the conditional end EU regulatory approval Monday to buy SSL, the manufacturer of the Durex condoms and sandals Scholl.Goldman Sachs raised its rating "buy" to "neutral", adding to their list of purchase "belief" Reckitt

"The acquisition of SSL channels double us our earnings by share forecast for Reckitt Benckiser for the next five years, growth of 5mC 10pc," said analystes.Le broker added that the acquisition has also increased exposure of Reckitt growth and margin and health care personal higher classes.

However, consumer peer Reckitt, Unilever, came under pressure, falling from 44% to £ 18.12 after a cautious note of Jefferies Cup parsley manufacturer to "hold" to "buy" ahead of a trading update third quarter on 4 November."With winds, declining economies and continuous price relatively low entry-level price we cut our assumptions of average EBITDA margin basis points 45 per year," said the broker, reduce its price target for Unilever £ 20.50 of £ 20.82.

Cairn Energy, ARM Holdings was vying for the dubious honour lead league table of the losers of the.The manufacturer of the chip has lost 23 366.2% after its third-quarter results were eclipsed by a warning from one of its customers who might be weakening of the demande.Pesant on cairn, lost 29½ 382½p take the wooden spoon is a new it put an end to the drilling of a well in Greenland.

Would include stocks of oil AIM, hangar Valiant Petroleum 140 p - or 18 7pc - 610 p after saying abandon his exploration of Northern Viola as well as the dry hole.But Oriel retained their "buy" rating securities analysts"North Viola was a target high-impact and actions benefited by executing the résultat.Ils prediction will obviously take on the announcement, but must be supported by the fundamental value of Don fields continue to be very cash generative, said broker."

Desire petroleum lost investors 66¾p 4¼ ropes on the prospects for his "Rachel" despite the company saying that drilling progresses towards its depth expected.

FTSE 250 mid-cap - index that yesterday the retardataires.Il throw points 37.42 10940.72 - Fidessa lead has slipped p 138 to £ 15.84 after warning that some companies have been delay spending decisions, prompting dealers reduce their ratings on commercial software company.

Numis Securities Fidessa problem to "hold" to "buy" and KBC Peel Hunt analysts also reduced their rating. "We are a buyer long-term Fidessa, but go to a commercial sale on repeated orientation and recent actions rises, said the broker.

Other grouped stocks were also affected by broker downgrades.Regus dropped 3.05 p 83.1 after Panmure Gordon downgraded to "hold" to "buy".WS Atkins has come under pressure falling 17½ % 775 after RBS downgraded to "hold" to "buy", engineering consultancy citing concerns about the impact of global spending on public sector business revenues review too.

But having a better day was Brit Insurance reaches 24 p £ 10 h 45 after accepted a formal offer to companies Apollo Management buyout and CVC Capital Partners.

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Blue-chips slide as minors strike benefits

Miners suffered profits taken once executed a strong with Anglo American, BHP Billiton and natural resources of the Corporation lose 19½ 906 p, 56 percent to £ 21.96½ and 52 percent to £ 29.30 respectively.

Insurers were also favour after Bank of America Merrill Lynch downgraded its ratings on four companies in the sector, primarily citing reasons for evaluation.The broker reduces legal & General position of "buy" to "neutral", in the wake of doing well in the latest mois.Juridique & general actions fell 1.3 101½p.

Standard Life and Old Mutual "neutral" from "buy", also cut analysts by reducing its price target to 160 p 155 p but leaving the target unchanged old price 250 p.Standard Life declined by 0.7 percent 226.3 and Old Mutual dropped 3.3 1 p. Aviva, cut to "underperform" from "neutral", lost 1.2 percent 399.6.

Negative sense extended to banks, where the concerns of the own funds requirements persisted.Lost Barclays 4 p 277.35 and Standard Chartered throw 16½ £ 17.89½.

On a positive note, exploiting that Carnival cruise plot an increase of 114% to £ 27.68 upwards the leader board as counterpart listed U.S., Royal Caribbean Cruises, raised its expected benefit.

Reckitt Benckiser is are strengthened to 18 per cent to £ 34.36 after winning the conditional end EU regulatory approval Monday to buy SSL, the manufacturer of the Durex condoms and sandals Scholl.Goldman Sachs raised its rating "buy" to "neutral", adding to their list of purchase "belief" Reckitt

"The acquisition of SSL channels double us our earnings by share forecast for Reckitt Benckiser for the next five years, growth of 5mC 10pc," said analystes.Le broker added that the acquisition has also increased exposure of Reckitt growth and margin and health care personal higher classes.

However, consumer peer Reckitt, Unilever, came under pressure, falling from 44% to £ 18.12 after a cautious note of Jefferies Cup parsley manufacturer to "hold" to "buy" ahead of a trading update third quarter on 4 November."With winds, declining economies and continuous price relatively low entry-level price we cut our assumptions of average EBITDA margin basis points 45 per year," said the broker, reduce its price target for Unilever £ 20.50 of £ 20.82.

Cairn Energy, ARM Holdings was vying for the dubious honour lead league table of the losers of the.The manufacturer of the chip has lost 23 366.2% after its third-quarter results were eclipsed by a warning from one of its customers who might be weakening of the demande.Pesant on cairn, lost 29½ 382½p take the wooden spoon is a new it put an end to the drilling of a well in Greenland.

Would include stocks of oil AIM, hangar Valiant Petroleum 140 p - or 18 7pc - 610 p after saying abandon his exploration of Northern Viola as well as the dry hole.But Oriel retained their "buy" rating securities analysts"North Viola was a target high-impact and actions benefited by executing the résultat.Ils prediction will obviously take on the announcement, but must be supported by the fundamental value of Don fields continue to be very cash generative, said broker."

Desire petroleum lost investors 66¾p 4¼ ropes on the prospects for his "Rachel" despite the company saying that drilling progresses towards its depth expected.

FTSE 250 mid-cap - index that yesterday the retardataires.Il throw points 37.42 10940.72 - Fidessa lead has slipped p 138 to £ 15.84 after warning that some companies have been delay spending decisions, prompting dealers reduce their ratings on commercial software company.

Numis Securities Fidessa problem to "hold" to "buy" and KBC Peel Hunt analysts also reduced their rating. "We are a buyer long-term Fidessa, but go to a commercial sale on repeated orientation and recent actions rises, said the broker.

Other grouped stocks were also affected by broker downgrades.Regus dropped 3.05 p 83.1 after Panmure Gordon downgraded to "hold" to "buy".WS Atkins has come under pressure falling 17½ % 775 after RBS downgraded to "hold" to "buy", engineering consultancy citing concerns about the impact of global spending on public sector business revenues review too.

But having a better day was Brit Insurance reaches 24 p £ 10 h 45 after accepted a formal offer to companies Apollo Management buyout and CVC Capital Partners.

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