Stocks suffer from disorders of the Middle East?

Airline investors were already concerned about rising prey Libya protests before oil prices. Photo: REUTERS

In London, shares of business travel, defence and mining stocks were among slaughterers more marked.

International Consolidated Airlines Group (AIG), the newly merged British Airways and Iberia, has suffered a heavy fall, slide 3 3pc, rising costs of fuel oil prices climbed investors worried.

Tuesday, prices of oil reaches $108 per barrel as Libyan production was plagued by violent demonstrations and concerns grew up Middle East and North Africa crude-producing strategic region on propagation of disturbances.

Airline investors were already concerned about rising prey Libya protests before oil prices. Earlier this month, AIG said it would increase its fuel surcharge on long distance services to account for "substantial continuous increase" of oil prices

But analysts at Investec stated that "given the uncertain economic environment, we are cautious on the ability of airlines to retrieve cost increases through fuel supplements".

AIG was also hit by concerns that the crisis in the Arab world to increase travel and tourism - a concern that took havoc tui travel. Most large tour operator Europe fell 2 FP6 and midcap Thomas Cook throw a 5pc 3. Panmure Gordon analysts cut their ratings on Thomas Cook to "hold", saying:

"We have reduced our forecast of revenues by sharing 2011 6 FP7 to fully reflect the impact c £ 20 m of political agitation in Tunisia and guided Egypt to branch in the first quarter interim management statement."

"We believe that the economic and geopolitical context will remain negative and negative impact on sentiment towards operators".

Agitation in Libya also took havoc on minors, that prices for industrial metals hanging. Investors were outgoing long positions in assets closely focused on the economic recovery that cloud the Outlook for demand political concerns.

Rio tinto hangar 0. 9pc and Kazakhmys falls 1. FP7 on Tuesday. However gold has retained its status as safe haven and African Barrick Gold edged up 0 4pc.

Even if oil prices were surging, energy stocks withdrew the fears over their exposure to the troubled region. BP fell 1pc, while its European peers Total and Repsol declined around 1pc and 1. FP7 respectively.

Royal dutch shell, which Tuesday, said that all expatriate employees and their relatives in Libya had been relocated, Tomb 1pc.

While pharmaceutical companies are often considered to be defensive, mid-cap stocks hikma Pharmaceuticals took a fall.

Jordan-based drug manufacturer has 2 investors 9pc concerned of his exhibition in the Middle East. Since one month, its price share came under pressure as unrest across the Egypt and Tunisia hit a sense.

However, some analysts remained relatively optimistic. Earlier this month retained Morgan Stanley analysts "hold them" rating on Hikma, saying:

"Fluid developments across the Tunisia, Egypt and Jordan (8pc 10pc of sales) are a blow to sentiment, even if we do not anticipate a change in long-term structural growth for pharmaceutical markets history throughout the region.

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We studied the flight ahead of the release of oil stocks

The second day of dramatic oil prices falling following global energy watchdog decision to release an additional 60 million barrels of oil on the market.

The Commodity Futures Trading Commission (CFTC), which is based in Washington, DC, is reported to the review of business models potentially unusual on the oil futures market until the decision was made public Thursday.

A spokesman for the CFTC has refused to comment on.

Relocation of IEA to release 60 million barrels of oil led to an immediate liquidation Thursday, with oil fell $ 5. The price has dropped another $4 per barrel in London yesterday on concerns over the stability of the euro area and the economic health of the world.

Oil and other commodities also came under pressure increase in the dollar against the euro, driven by concerns that the Parliament of the Greece cannot pass of austerity measures which will publish an international bailout.

One of the effects of the release of stocks of emergency reserves was to reduce the gap between New York and London reference price oil futures.

Brent crude was much more expensive than West Texas Intermediate (WTI) for months, reaching a peak of $23 above the benchmark of U.S. this month. The difference is now about 15 dollars per barrel.

James Zhang, analyst of Standard Bank, said: "an increase in crude supplies of water origin of the United States is likely to see Brent/WTI spread narrow, and it is also likely to buffer refining margins."

"In Europe, an important part of the release of the reserve will be produced oil, given the way in which the oil reserves special is managed in Europe." As the oil product market is already fairly low in Europe, the release could lead product cracks even lower in the short term. »

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The fall of oil prices for the second day on the release of the dollar and stocks strong

The second day of dramatic oil prices falling following global energy watchdog decision to release an additional 60 million barrels of oil on the market.

Oil and other products has come under pressure, increase in the dollar against the euro, driven by concerns that the Parliament of the Greece cannot pass of austerity measures which will publish an international bailout.

The second day of drops drama follows the world of energy watchdog decision Thursday to release an additional 60 million barrels of oil on the market in the next month.

Relocation of the International Energy Agency to sell 2 million barrels of oil per day sparked an immediate liquidation, with oil fall $ 5 this day there. He dropped one of more than $4, or set to less than $105 a barrel Friday.

One of the effects of the release of stocks of emergency reserves was to reduce the gap between New York and London reference price oil futures. Brent crude was much more expensive than West Texas Intermediate (WTI) for months, reaching a peak of $23 above the benchmark of U.S. this month. The difference is now about $15 per barrel.

James Zhang, analyst at Standard Bank, said: "an increase in crude supplies of water origin of the United States is likely to see Brent/WTI spread narrow, and it is also likely to buffer refining margins."

"In Europe, an important part of the release of the reserve will be produced oil, given the way in which the oil reserves special is managed in Europe." As the oil product market is already fairly low in Europe, the release could lead cracks produced even lower in the short term. As a result, the gross prices would move down to the refineries to induce him to buy crude. »

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Tech stocks in the request but FTSE sliding back

Numis analyst read this as a suggestion that the deal could be renegotiated, while Royal Bank of Scotland analysts also believed that CSR could be searching for better conditions.

"While we do not believe CSR will be at foot of the given agreement the weak results and Outlook, we believe that CSR could ask for a renegotiation of terms," said the broker. If CSR withdrew from the agreement, pay a fee of $12 break. 2 m.

CSR is also set to unveil its first-quarter results today. Matrix analysts are feeling bullish, keeping their "buy" rating and anticipate revenues in 164 m $. The chip manufacturer on 13 to 368 p to claim the midcap index bronze medal, but the FTSE 250 as a whole lost 11.15 to 11,896.09 points.

The FTSE 100 watched of same dull, excretion 34.08 points of 5942.69 as a resurgence of concerns about the Greece debt problems kept traders on the sidelines.

Sentiment was soured by an update commercial for HSBC, which fell from 3½ % 648.2 after having revealed a fall in favour of the first quarter. The atmosphere was further overshadowed by major banks to give up their fight to avoid mistakenly sold customers personal protection of insurance compensation.

Suffering the sharpest fall, however, was a Centrica. The owner of British Gas dragged 12-303½p, as he said that profit growth would slow down due to an increase in taxes on the production of oil and gas in the North Sea.

Slipping back, too, was property stocks such as UBS advised investors to the profits of the Bank. In a long note on Central London property, the broker has described the capital market Board of the as one of the "hottest in Europe".

But he said "potential offer is build 2014 and there is a risk that future demand will lower in previous cycles, reflecting the continuing challenges of the financial sector and lower general UK, growth and consumer demand."

In these concerns, they recommended some making short-term profits come from the results season. They cut their ratings on British land, capital & counties and land securities to "netural" from "buy", sending them to the bottom of 7½ to 589½p 1.1 to 168.9 p and p 11½ to 766, respectively.

They cut Derwent London and great Portland estates to "sell" from "neutral". The former lost 33 p to £ 17.35 and this last hangar 406.8 5.3 percent.

But elsewhere, website Rightmove property advanced 6 p to £ 10.91 that Goldman Sachs bumped up to his price target of £ 10.83 to 14.30 £.

Return to the highest level, Serco edged up to 0.5 to 547½p that investors were encouraged by the Outsourcer winner £ 1 more contracts since the beginning of the fiscal year.

Flight in pole position, however, was Inmarsat. The satellite operator rose from 26 to 619 p as he posted an increase of 15pc of revenue in the first quarter.

Just behind was autonomy. The author of software looking for emails and phone calls achieved 63 p £ 16.75 as Numis have changed their attitude of "reduce", "add". Also its price target moving at £ 12.90 17.65 £, the broker said that after a strong first quarter, he saw a chance for autonomy to reverse his record of two years of the share price underperformance.

It was a similar story on the second level where software provider Misys jumped 26½ in 343½p with the Credit Switzerland restart of coverage with an "outperform" rating. Analysts thought that the Bank of the Misys trade was "back on solid footing after years of under-investment" and also stated if the parts of the group could be attractive acquisition targets.

During this time, Micro focus put on 385 p as 12.2 computer society put forward an updated commercial in which he said that revenues for the year were consistent with expectations. Last month, Micro Focus said it had received an approach taken and there is that Bain Capital is the suitor of speculation.

Slipping back, however, was Thomas Cook. As the tour operator said that the success of the agitation of the Middle East would be worse than expected, as vacationers avoided destinations such as the Egypt, it fell 4.9 percent 156.2. That its toll on large-cap peers, tui travel, which fell 1.2% 243.6.

Lower market, Mediterranean Oil & Gas past 1 p 11.88.(9) as a fundraising of £ 20 million received the green light.

Carriage of oil and gas also fried 26.75 in 218½p as UBS began coverage with a "buy" rating and 450 p price target in a note on the explorers with African exhibition. Analysts enthusiasm that sub-Saharan zone "has become one of the most exciting exploration areas in the 21st century".

The broker said the region was "widely explored" and that political stability found in some countries allowed small businesses to enter alongside the majors.

Cart has been top pick of UBS, with analysts saying that there could be as much 1630pc to the price paid if all current two of its first two wells off the coast of Namibia are discovered oil.

UBS also began energy Cove and Bowleven with "buy" ratings. they checked up to 2 at 89 p and p of 7.75 to 269.25, respectively. The broker added that it considered the three companies as M & A candidates.

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Market report: copper stocks affected by HSBC view anti-conformiste

As a result, HSBC minor déclassés Xstrata Antofagasta "weight" to "neutral". Xstrata lost 6% to £ 13.05 and Antofagasta given up 19 percent to £ 12.88.

Mr. Keen also downgraded Vedanta Resources off the coast of p 35 to £ 22.55 "neutral".

Analyst sees additional risk in what he sees a difficult relationship with the Government of the India where Vedanta must rely to emphasize growth in action plans.

Mr. Keen said: "the history of growth becomes less claire.Compte view lack synergies with existing assets, [Vedanta] planned acquisition of the India cairn could be regarded as the concern of growth, rather than for the interest of the shareholders further growth.

For those investors always interested to buy in the mining sector, the analyst tipped stocks based on aluminium, such as Rio Tinto .Rio, however, throw 63 £ 40.80 p word its joint venture deal BHP Billiton, 14% to £ 21.85, will be discarded.

Overall, the FTSE 100 then 39.15 5742.52 points and FTSE 250 from 10875.09 41.58 points after a decent start on Wall Street.

Defence actions are in vogue in the middle of hopes both carrier provided the United Kingdom will be recorded in the review expenditures of tomorrow. BAE Systems Threading 4.1 369.9 p.

Cobham, dragged, 0.3 in spite of Morgan Stanley 237¾p reiterating its "overweight" rating on the stock.Rupinder Vig, an analyst at the broker, stated: "despite doubts the ability of Cobham investor continue to show high growth, we remain convinced that the company is more isolated in budget cuts than his peers." Further savings could bring benefits in the long term. »

Back in the ranking, Lloyd's Banking Group climbed 2 to 72.2 percent as Goldman Sachs said expected the Bank could be one of the best European capitalized here in 2013. Analysts Goldman Sachs said: "strong capital formation is driven by high in combination with weighted risk assets reduced yields."The broker has concluded that by 2012 Lloyds is one of only seven banks with capital above targets of Goldman Sachs to a basic level 20pc ratio.

However, Goldman Sachs cut its price target for Barclays by p 342 p 34 because it expects this point of the Bank to the report a kernel level a ratio of 10pc by 2012, which is a less objective broker percentage established for Barclays.

However, Barclays shares acquired even higher 289¼p 4¼ as Deutsche Bank reiterated its "buy" rating. "That should be much capital to match the Basel III Standard Chartered tally, Barclays retains 1pc capital base... and we believe that could meet the new requirements over time, said Jason Napier, an analyst at Deutsche Bank."By our mathematics, stock is still slightly cheap even though it raises £ 19bn to run 10pc base level 1 in Basel III today."

In the transport sector, British Airways edged 282½p 5¾ after Citigroup raised his price target to 390 light 295 p.Andrew p, an analyst at Citigroup, said he expected underlying growth of revenue from 16pc and quadrupled the operating profit in the third quarter of 2010 compared with a year ago.Net income could be five times higher, said the analyst.An increase in fuel prices on 15pc in terms of the euro should also have more overwhelmed by the large passenger and freight revenue.

Area of technology, advanced Invensys 7¾ 312¾p as Exane BNP Paribas, updated the stock to "outperform".

Speculative bid rumours also insisted several higher shares.Autonomy soared 71% to £ 14.19 to Word that it is always interesting for claiming U.S. potentiel.Commerçants also thought that society could disclose numbers better than expected this week.

Support to intercept survey Group BG .the actions meeting more than £ 11.94 amid renewed gossip China National Offshore Oil Corporation prepares an offer of 27 p.Cependant market commentators believes that it is unlikely that the Chinese company will be bidding for BG Group.

Elsewhere in the oil and gas sector, BP acquired 6¾ % 432.1 after that it has agreed to sell goods to the Viet Nam and Venezuela.

Advice "Buy" of the Royal Bank of Scotland thrown FirstGroup 375¾p RBS .Analystes 1.2 said: "" we expect the FirstGroup to generate cash flow organically and driving leverage advantage for investors propres.Les capitalists are more rewarded by a dividend producing 6pc, whose management is committed to grow 7pc on year for three years. ""

BlueBay Asset Management jumped on top of mid-cap index after he was told that he had received an offer of cash (including dividend 7½p) share a Royal Bank of the Canada.Les 492½p shares jumped 111,2 to 487 p.

London insurer that novae then up to 24 to 360 p sector reviewed set for another round of consolidation.Lundi Lloyd, it became Subscription Hardy up to 46 to 291¼p, received a rival Beazley, tender from 3½ to 118 p.

Among smaller companies, Gulf Keystone Petroleum has climbed 13 to 156½p after confirming its 109 million from £ equity Collections Fund order to speed up the "active" drilling program.

After the announcement that the results of the year would be better than current forecasts, i-design, which develops and provides advertising ATM solutions is 3½ to 15 percent.

Shares of cohort - vendor of high-tech sector of defence - niche products increased by 5½ to 66 percent in the announcement that its owned subsidiary sea was awarded a contract for the design and construction of sensors measure for use on spacecraft space agency EarthCARE m €5 (£ 4 4 m) European in 2013.

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Utilities stocks fail to boost lethargic FTSE 100

Leaping Board winners in wake of Scottish & South were reaching 10.4 percent 332.2 Centrica and National Grid ticking up to 6½ to 590 p.

But the utility companies failed to lift the blue-chip dull swung between gains and losses and ending almost flat.

The FTSE 100 lost 2.73 points investors 5675.16 marked time in advance of the meeting of Federal Reserve hotly awaited next week.

Languish at the head of the losers league table has British Airways, which nose dived 10 to 270.7 percent despite the swinging in the dark. Panmure Gordon analysts have been sticking to their "hold" rating, saying: "Momentum has been strong in the price of shares, powered by revenues, particularly in terms of demand for premium environment improved yields, ATI approval for the transatlantic joint venture with AA and Iberia and planned with Iberia merger".

Minors were also lower with Xstrata losing £ 12.09½ and Rio Tinto excretion 69½p 40½p to £ 40.36.

Having a better day was insurers with Aviva putting on 5.4 398.1 p Goldman Sachs reiterated its "buy belief" on shares.Next Tuesday, Aviva will report its results for the third quarter, which analysts believe will support the case of investment.

"In our opinion, the significance of the number of sales down played b.c market ' is understandable, because they have little bearing on the position of the group, capital dividend paying capacity and resilience in a prolonged low interest rate environment" said broker. "While the body is very focusing market better than expected sales of Aviva markets of Europe and the UK-based show some sustainability gains and that review group or the transition to the Solvency II are not disturbing the underlying transactions.»

Also benefit from a burst of Goldman Sachs was GKN, which rose 3.3% 177.3.Dans a note of the European automotive sector, the broker reiterated its "buy" rating on the manufacturer of parts for cars and planes and raised its price target to 285 p 220 p.

Travelers small caps automobile-related, was flat at 61 automotive dealer p.Le stated that he had seen a solid third quarter through its parts car combined with the increase in sales of new and used vehicles.

Earlier this week, there have been whispers of private investment capital interest in Miss, but Chief Executive, said Friday that they had received no offer.

Among second linings, Hikma Pharmaceuticals seeking particularly healthy, pulling 49½ at 786 p after it struck an agreement with Baxter International, American Society of health care.

Listed on the FTSE 250 Jordan-based undertaking bought Baxter us generic injectibles unit 112 m $, double the size of Hikma US business and giving more 14pc market.

Analysts said the acquisition will position Hikma as the second largest supplier of injectibles to the United States Citigroup.

"Existing expertise Hikma injection and desire of Baxter to divest non-core assets produced an attractive and financially reasonable agreement in our opinion," said the broker who Hikma "medium risk.

Oil and gas services company, hunting, has been on the rise too, breaking 41½ in 644½p .Chasse whose equipment is used in the construction and maintenance of oil, said shale drilling activity and demand for components in the West and to the Brazil he developed able top year-round market expectations.

Their "buy" rating on hunting and raised the prices kept RBS analysts 670 p 630 p.Le Broker target stated that in a context of market improvement, hunting was performing well.

But punters took their money out of the table for Partygaming, sending internet business down 10.8% 251.9 gaming.

Excitation of bidding pushed shares in resources from Berkeley to hereditary 112½p as Russian steel giant, Severstal, approached Berkeley on a possible takeover of uranium, a value on an exploration company 304 million senior dollars.Atout Berkeley is a project of uranium from Salamanca, Espagne.Severstal envisages a cash bid to $2.00 at Berkeley, appearing also in Sydney.

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Utilities stocks fail to boost lethargic FTSE 100

Leaping Board winners in wake of Scottish & South were reaching 10.4 percent 332.2 Centrica and National Grid ticking up to 6½ to 590 p.

But the utility companies failed to lift the blue-chip dull swung between gains and losses and ending almost flat.

The FTSE 100 lost 2.73 points investors 5675.16 marked time in advance of the meeting of Federal Reserve hotly awaited next week.

Languish at the head of the losers league table has British Airways, which nose dived 10 to 270.7 percent despite the swinging in the dark. Panmure Gordon analysts have been sticking to their "hold" rating, saying: "Momentum has been strong in the price of shares, powered by revenues, particularly in terms of demand for premium environment improved yields, ATI approval for the transatlantic joint venture with AA and Iberia and planned with Iberia merger".

Minors were also lower with Xstrata losing £ 12.09½ and Rio Tinto excretion 69½p 40½p to £ 40.36.

Having a better day was insurers with Aviva putting on 5.4 398.1 p Goldman Sachs reiterated its "buy belief" on shares.Next Tuesday, Aviva will report its results for the third quarter, which analysts believe will support the case of investment.

"In our opinion, the significance of the number of sales down played b.c market ' is understandable, because they have little bearing on the position of the group, capital dividend paying capacity and resilience in a prolonged low interest rate environment" said broker. "While the body is very focusing market better than expected sales of Aviva markets of Europe and the UK-based show some sustainability gains and that review group or the transition to the Solvency II are not disturbing the underlying transactions.»

Also benefit from a burst of Goldman Sachs was GKN, which rose 3.3% 177.3.Dans a note of the European automotive sector, the broker reiterated its "buy" rating on the manufacturer of parts for cars and planes and raised its price target to 285 p 220 p.

Travelers small caps automobile-related, was flat at 61 automotive dealer p.Le stated that he had seen a solid third quarter through its parts car combined with the increase in sales of new and used vehicles.

Earlier this week, there have been whispers of private investment capital interest in Miss, but Chief Executive, said Friday that they had received no offer.

Among second linings, Hikma Pharmaceuticals seeking particularly healthy, pulling 49½ at 786 p after it struck an agreement with Baxter International, American Society of health care.

Listed on the FTSE 250 Jordan-based undertaking bought Baxter us generic injectibles unit 112 m $, double the size of Hikma US business and giving more 14pc market.

Analysts said the acquisition will position Hikma as the second largest supplier of injectibles to the United States Citigroup.

"Existing expertise Hikma injection and desire of Baxter to divest non-core assets produced an attractive and financially reasonable agreement in our opinion," said the broker who Hikma "medium risk.

Oil and gas services company, hunting, has been on the rise too, breaking 41½ in 644½p .Chasse whose equipment is used in the construction and maintenance of oil, said shale drilling activity and demand for components in the West and to the Brazil he developed able top year-round market expectations.

Their "buy" rating on hunting and raised the prices kept RBS analysts 670 p 630 p.Le Broker target stated that in a context of market improvement, hunting was performing well.

But punters took their money out of the table for Partygaming, sending internet business down 10.8% 251.9 gaming.

Excitation of bidding pushed shares in resources from Berkeley to hereditary 112½p as Russian steel giant, Severstal, approached Berkeley on a possible takeover of uranium, a value on an exploration company 304 million senior dollars.Atout Berkeley is a project of uranium from Salamanca, Espagne.Severstal envisages a cash bid to $2.00 at Berkeley, appearing also in Sydney.

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