Sunday, 31 October 2010

QE2 concerns weigh on FTSE 100 shares

Kazakhmys, Vedanta Resources and Xstrata fell 70% £ 13.21, 103 p £ 20.66 and 50½p to £ 12.64 respectively.

Fall miners came despite a note of the overall strategy of equity Credit Switzerland which mining "overweight" to "reference".

Analysts said they expected a second set of easing quantitative to assist commodity and said China was "passing.""We expect growth of 9-10pc next year, with growth of 8.8pc.Malgré investment acceleration of the growth in wages, inflation near term seems maîtrisable.Cuivre import and steel demand could accelerate the growth of recent lows", added the broker.

Weakening of minors has helped drag FTSE 100 lower points 61.28 5646.02 - end the lowest since October 5 - a day when GlaxoSmithKline and Whitbread ex-dividende knock 3.31 points off the coast of the index.

Join the laggards was Kingfisher, owner of B & Q, slipped 237.1(5)(a) p 8.4.

Wednesday, clarify Chief Executive what ian Cheshire said in an interview at the World Congress announcement last week on expenditure cuts retail customers, but adds "the first six months of next year will be very difficult".Cependant, he said that there in the second half of the year and in 2012, "reasons to be optimistic".

Banks have been posted better than Deutsche Bank day results topped with expecations.Lloyd's Banking Group reached 1.13 69.12 and Barclays 4.95 to 282.3 p.

What united utilities earned 1 599½p and Scottish & Southern Energy reaching 1 £ 11.09 DEFENSIVE have also swallowed, with Severn Trent bubbling up to 5 p to £ 13.64.

Among the plugs Talvivaara checked to 13½ at 546 p as Finnish nickel producer said that he had discovered 54pc metal more in its deposits.

Seymour Pierce kept analysts "buy" rating and put their price target 532½p ongoing review, saying the news was "mixed".

While there was some positive news on the side of the mining operation, the broker said that in the short term, the transformation of the company's side was still experiencing difficulties.

Riding place ranking was too Halfords, won 16.2 percent 425.8 after Goldman Sachs raised the seller of auto parts for bikes "buy" to "neutral" after a period of underachievement.

"Actions are 33pc 22pc to the sector on a basis of 3 months and 6 months," said the broker.

Analysts said that the retailer has a high stable top leadership of the market in many categories of product line in its portfolio and they expect national store and the Autocentres redésignés expansion to ensure growth in the medium term.

At the other end of the scale on a day where the FTSE 250 throw 10827.28 113.44 points was Tate & Lyle, sliding 23.1 percent 499.9 after evolution securities said sugar business assessment was now "sweet enough" and cut their "neutral" from "buy" rating.

"In the short term there are several key issues, in execution of a very strong in the price of the shares, we think leaving the stock search events," said analysts.

The largest Faller mid-cap Wednesday, was however, Soco International, who slipped 34.8 to 292 p after petroleum connected Explorer and ababndoned exploration second place in the Democratic Republic of the Congo after he was found of hydrocarbons on the site.

However, increased Credit Switzerland "neutral" to "underperform" as Explorer analysts they anticiapted potential positive catalysts for the price of the shares.

Elsewhere in the oil sector, the smell of black gold is stimulating excitement - and the share of the dramatic price increases.Desire petroleum shot 50.75 - or 76 03pc - 117½p as internet bulletin boards were alive that the browser could have struck oil speculation.

But others were less certain sources saying that they knew the existence of a reason behind partage.La company prices skyrocketing refused to comment on the rise.

Rockhopper Exploration acquired 18.25% 318.25 Panmure Gordon launched on Explorer focused on the Falkland Islands with a "buy" rating. ""We believe that drilling program to appear can demonstrate the potential value of the region," said analysts.

Among the small caps, Helphire tumbling 8.5 - or 28 33pc - of 21½p after Manager claim accident stated that the lower accident rate meant that results for this year would fall below expectations.

Shares of CSR, manufacturer of smart phones, cars and digital cameras, tumbling Wednesday after the company provides a plunge in the fourth quarter income Wednesday.

CSR throw 35.7 309.6 p despite having seen a 6pc increase the third quarter revenue at $222.1 m (£ 140 7 m) as a manufacturer of said chip revenues during the next quarter would reflect "" trends economic macro, low-level exposure to Smartphones and constraints of capacity in some of our lines of products GPS.""

Joep van Beurden, CEO, CSR, said results of the quarter, these are "robust" and the company was confident in his ability to "lead the growth of earnings.

Securities analysts Numis retained their "buy" rating, the results were well ahead of time on the pay-by-hand due to improved gross margins and a lower tax burden.

But analysts Seymour Pierce moved to "hold" to "buy", say was the combined company "clearly struggling with a weak position in the smartphone market important all."

After the closed market, CSR restarted its program redemption of shares, buying common shares back 102,000.


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