The price of oil soaring destabilize nervous market

Other companies travel came under pressure, too, in the midst of concerns rising costs of oil and threats for the tourism industry. TUI Travel and easyJet fell 2.8 240½p and 355½p respectively 10½.

Always on a theme by oil prices, Numis analysts cut their profits forecast for easyJet 210 million pounds to 166 million pre-tax profits of £. "The downgrade reflects our revised estimate of easyJet fuel costs after the recent spike in price and certain losses modest due to recent disorders geopolitical," said analysts, who kept their ratings on the transporter "hold."

Elsewhere on the index, concerns about a surge in costs of fuel and its potential impact on economic recovery took their toll on oil explorers and producers. BP fell 4¼ to 488½p, then Premier oil flat at £ 19.65 as RBS analysts suggest that it could bid to BP Wytch farm oilfield, Dorset, including the giant plans to sell oil.

Copper - often a barometer of economic demand – fell to its lowest in nearly a month, the miners were on the slide. Antofagasta and Xstrata has dropped from 70 percent to £ 13.13 and 62 percent to £ 13,47 respectively. Dragged the FTSE 100 down 73.23 points to 5923.53 and the FTSE 250 was 130.47 points to 11521.94.

Defensive again were doing their best to support blue-chips with Imperial tobacco and GlaxoSmithKline edges up to 10 p to £ 20.01 and 4 p to £ 11.80 respectively.

Pharmaceutical peer Glaxo, AstraZeneca, hangar 33 p to £ 29.76½ reports came just before the closing bell its medical devices unit had attracted the interest of bidders about 20, including medical technology companies and private funds. Sale of Astra Tech was first reported last November, and thought that he could fetch $2bn (£ 1 MD).

The theme of M & A, Diageo has fallen p 14-£ 11.85, analysts turned their attention to potential acquisition division of Fortune Brands spirits beverage company.

Manufacturer of gin Gordon, touted as a potential and analysts to Liberum said they expected to Diageo to buy as much 70pc of beam Global Spirits company that has Diageo brands such as bourbon label Jim Beam. Diageo has been on the trail of the acquisition of the end. Earlier this week, it has agreed to buy Mey Içki Turkey for £ 1 5.3, marking its acquisition of more than a decade.

Investors has proven riskier stocks, Lloyds banking Group lost 65½p 0.79 and Royal bank of scotland throw a 0.4 percent to 47.32.

Taking the tumble size, however, was Rexam. Whereas Red Bull may give you good wings, manufacturer of boxes for the energy drink is not flying as investors booked profits based on the results of the year. Despite posting them an increase in annual profit, Rexam sank 21.6 348.4 p.

Apart from making profits, the market also somewhat disappointed by the lack of details on Rexam plans to sell its Division of closures, what makes tops and lids for products such as beverage containers. "Even though the Declaration confirmed branch closures was for sale, there may be some disappointment that no further progress has been made since the news was released in December 2010," said analysts Seymour Pierce, who kept their rating on Rexam "buy."

On the second level, cable & wireless Communications jumped 2.86 percent 49.33 take first place after that saying that it would sell its operating activities in Bermuda Canada Bragg Group 70 m $ and announced a share of 100 m $ of redemption.

To join the telecommunications company in the midcap ranking was Capital & counties properties group. Developer said that it planned a joint venture for its redevelopment of several billion pounds of Earls Court in London. There were reports that Capco was in talks with family Kwok based in Hong Kong, which controls the Sun Hung Kai Properties, provide funding for the site. CAPCO said that he received interest in a joint venture of several of the parties.

As Capco also said he is progressing well in the planning application for the development of 8,000 - home, he ticked up 4.3 percent 148.8. This increase reflected by blue-chip real estate stock land securities, edged up to 6 to 741 p.

Gartmore was flat, 103 p as Fund Manager posted his final to merge with rival Henderson income statement.

Leading mid-cap latecomers was Logica. After having posted recipes of dishes throughout the year, the it services company slid 7.8 at 137½p.

Among small-caps Group Yell fell 0.1% to 7.6% after analysts from Barclays Capital preserved their rating "underweight" on Yellow Pages Publisher and reduce their price target to 5 percent to 8 percent. The broker describes recent results for the third quarter Yell "disappointing."

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The report of the week: economic data UK, society results - December 13-17 December

The chain has already said that UK like-for-like sales fell by 5 8pc.

Observers will be interested to hear if there are signs of a recovery of the economy of consumption.

Regardless of market conditions, Plasmon is well placed for when things finally pick up, analysts.

Verdict Research considers the Plasmon market share increased by two percentage points from last year's autour and continues to grow in the United Kingdom.

This is largely due to declining to compete with carpets last year.

This means Plasmon will appreciate a reminder again already when things are improving.

Throughout the year results

No announcement

Interim results

Polar capital Technology Trust

Bargaining update

No announcement

Economy

The Bank of England Quarterly Bulletin

Meetings

Trust of personal belongings (EGM), Schroder (AGM) income growth fund

Þ Travis Perkins, merchant builders and DIY, retailer will update the recent commercial market. The company recently said that on the first nine months of 2010 the total turnover in its "international trading" division has increased 7 8pc with like-for-like sales by business day 7 1pc. Wickes group chain has struggled, however.

Þ Imagination Technologies, the designer graphics chipsets for artists such as Apple, will unveil its interim results. Numis, analysts said Friday that they expected income up 24pc £ 47. 4 m, compared to the same period last year.

Said broker was attracted by the imagination of positioning and prospects technology but with 76pc stock last year, has added much value has been price.

Throughout the year results

Domino Printing Sciences, Electronics, Interbulk, Renovo Datong

Interim results

Plasmon, Imagination Technologies, Scott Wilson

Bargaining update

Approved DRAX, Travis Perkins, Whitbread

Economy

Digit inflation, RICS house price survey

Meetings

Agriterra (AGM), SMR tenon (AGM), Tottenham Hotspur (AGM)

Þ supergroup, owner of the label Superdry trendy, will report its interim results. Last month, chain, whose actions have propelled as it floated in March, said that the rate of total sales increased almost 70pc during the three months to the end of October. A large portion of those sales came from new store openings.

Throughout the year results

No announcement

Interim results

SuperGroup

Bargaining update

Senior, WSP

Economy

Of unemployment, CBI distributive trades survey

Meetings

Artilium (AGM), BowLeven (AGM)

Þ Sports Direct, the retailer owned by Mike Ashley, sweats, contractor will report its interim results. In October the retailer said that total sales for 9 to September 26 weeks are up to by 5 4pc 295 m £ while the gross profit rose by 5 4pc 117 million to £. At that time, the company said that its interim results "significantly above" are the corresponding period last year.

Þ John Wood Group, Aberdeen oil and gas services company base will update on 2010 trade this week. The consensus forecast of analysts is a fall 35pc revenues £ 3 16bn this year and a decline in profits before taxes of 265 million of £ 183 m £.

Falls are due to the oil and gas companies retains on projects in the last 18 months. However, in October, the company said seeing an improvement in performance with a growth in the Gulf of Mexico, Africa and Australia.

Throughout the year results

Pupa

Interim results

Cohort, sports direct international

Bargaining update

John Wood

Economy

Figures for retail, the Bank of England/GfK NOP inflation attitudes survey

Meetings

AXA property trust (AGM), British goods (AGM), British Empire Securities & General Trust (AGM)

Þ Aggreko temporary power provider for events such as the World Cup and

Competition Eurovision Song, was forecast profit sparky for year-round commercial update in October. He had a 30pc to increase sales of third quarter and stated that the final results must beat the previous forecasts. This year, the share price increased by almost new 90pc relentlessly optimistic. It raised its dividend of first half by 50pc was planning to increase the payment of the year by the same amount.

Analysts said Friday Panmure: "we are fans of Aggreko, but current levels believe much good news is already in the price and we remember that there are still areas of weakness in among the permanent force of the order book and a number of one-positive spin-offs in the current year." A heady rating remains a premium on the market, a reflection component may not be a bad thing. »

Throughout the year results

Invista European real estate

Interim results

No announcement

Bargaining update

Aggreko, National Express, Petrofac, punch taverns

Economy

Report of the Bank of England financial stability.

Meetings

Brit Insurance (EGM), punch taverns (AGM), Sportingbet (AGM)

Stuck at an annual rate of 3 2pc November inflation, the latest figures are supposed to show. Consumer price index (CPI), the official measure edged at this level, October, September 3 1pc low.

The Bank of England expected inflation to rise again away from its target hit 2pc 3 5pc rate in the first half of next year, but think capacity reserve in the economy will curb price rises in the long term.

Retail sales figures reveals how high street if in November, with Howard Archer, an economist at IHS insight, forecast sales rose "reasonable but spectacular" 0 4pc-on-month.

He warned that recent snow may mean that people buy less Gifts Christmas because of time constraints. "It is absolutely essential for retailers that the next two weekends see weather conditions do not prevent or discourage consumers is in.

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The strong economic growth China or 10 3pc markets ghosts

Chinese customers, selection of jewelry in a store of gold in Beijing. The economy is growing at the fastest rate since the beginning of the financial crisis. Photo: Getty

Data was President Hu Jintao to pressure visited us loosening controls on currency to yuan, which U.S. critics say is too little value, giving China an unfair advantage.

Gross domestic product increased by 9 8pc in Q4, accelerating from the previous quarter and analysts expectations exceeding, cementing position China as world's second largest economy.

Whereas the increase in consumption in December has facilitated the previous month, it remained stubbornly high at 4 FP6 despite efforts by Beijing to control prices, spooking the area investors who fear more clamping action.

Shanghai Stock Exchange fell by 3.. 29pc, Hong Kong fell 1. FP7, Tokyo closed 1. 13pc and Sydney lost 1pc. Open European market lower with the FTSE 100 in London sliding 0 8pc.

Analysts said the resumption of growth in the fourth quarter - partly driven by stronger exports - and inflation higher still in December supports the case for further increases in rates of interest and bank loans of borders.

"Makers step will claim a great victory in the fall of the CPI inflation below five percent in December," says Lu Ting, an economist at Bank of America-Merrill Lynch.

2010 GDP figure, place a revised 9 2pc growth in 2009 and better 10pc forecast by the World Bank, China highlight growing could in a year, when other major economies is left in the pot black.

"The economy is currently in a critical period transform recovery for stable growth," Ma Jiantang, Commissioner of the National Bureau of statistics, has told reporters.

Mr. Ma said China would boost efforts to transform its ' growing economic pattern "-echoing comments Wednesday in Washington by President Hu, who undertook to stimulate domestic demand and spending.

Price index for consumption in the country, the primary gauge of inflation, rose 3 3pc pour L'ensemble de 2010 - the Government target maximum year-round 3pc skyrocketing food prices.

The December figure was slightly better 1pc 5 increase in November, which was the fastest pace in more than two years.

In 2011, we must take the task of controlling prices very seriously,"Mr. Ma said, but added:"We have every confidence that we will be successful in 2011".

Analysts said the Government was faced with a difficult task.

"Pricing pressures remain poorly high in the coming months, and the dip in the overall CPI December inflation will likely temporary, said Brian Jackson, an analyst with the Royal Bank of the Canada."

IHS Global Insight analyst Alistair Thornton, "a new wave of credit expansion is driven inflationary pressures, both consumption and prices of asset markets with a re-acceleration in construction and investment fixed.

Exit the country millions workshops and factories rose 15 FP7 pour L'ensemble de 2010 as spending on infrastructures in urban areas of the 24 5pc Government has increased to 12 months.

Retail sales increased by 18 4pc in 2010.

As the United States and Europe struggle to stimulate growth, Beijing has been trying to slow its economy and stem of a flood of liquidity is fanning inflation and the conduct of real estate prices straining household budget.

The Central Bank new last Friday ordered banks to increase the amount of money they keep in reserve, actually put a ceiling on loans after the increase in interest rates twice in the fourth quarter.

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The price of oil minor typo of gold

It was in evidence on Tuesday as the FTSE 100 closed 0.98 points to 5974.76 following a volatile trading day. The broader 250 FTSE fell 4.35 11743.52 as traders and analysts speculated whether the so-called "great bull run" had hit the wall.

"With the prospect of higher interest rates, higher inflation, a rising unemployment and slowdown in global growth, the negatives are much too much to ignore, more earnings for shares may be difficult to obtain, which means", warned Angus Campbell at Capital spreads. "After such a huge rally, investors are naturally cautious and until in 2011 both UK indices have ground stop."

Political unrest across the Middle East continued to spook investors.

Fall of the price of oil reaches the value of gold, which had benefited from a flight to safety Monday. Randgold resources, including the mines of the precious commodity, fell 400 p to £ 44.80 while hardened African Barrick Gold p 20½ at 547½.

Group Weir was one or other of the big losers of the day despite a 58pc jump better than expected in the benefits of the reporting year. The British engineer titles, which have increased by more than 100pc of last year, fell 84 p to £ 16.95 on making profits as strong recoveries in the shale oil and gas and mining markets fuelled demand for pumps and valves of the company.

Among the smaller caps, rate shares dropped 44.1 - 20pc - 176.4% after the author of the set - top box has warned that one of its American customers had delayed a large order to 2012, reducing its forecast of growth of sales of 2011.

bt Group and Vodafone were among the winners of the day, rising 7.3 percent 191.1 and 3.15 181,85 p. The pair rose after Morgan Stanley analysts placed a rating of "upgrade" on the telecommunications sector.

Analysts, said: "in the reduction of rates (MTR) mobile endpoints, roaming, unbundling and deflation in all DSL products faces." The prospects are more calm now, by reductions in MTR the final furlong, EU lower exposure and fixed prices inflate homelessness. Data mobile are not driving the European sector, but it have impact in the United States and in emerging markets, to which EU companies are subject. Download us our attractive sector view. »

Old mutual led a rally in the financial sector after the Anglo-sud African insurer beat analyst expectations with a 14pc rising profits and said it was close to the sale of his business life U.S.. Shares in the Group spent 4.4 to 137.7 p, then that peers including Aviva also increased.

Prudential, which will be Wednesday deliver its first results of the exercise given his agreement of. 5bn (£ 22bn) of $35 for AIA collapsed last summer, also presented in the ranking, from 13½ to 714 p.

Elsewhere, shares of Cairn energy advanced 6.8 at 448 p after Bank of America, Merrill Lynch upgraded its rating of the Explorer of oil "buy" from "neutral", with a price target increased from 520 p, 485 p.

In a note, Merrill said that it expected the uncertainty on the Elimination of the Cairn India Vedanta Resources to facilitate. "While we do not exclude that the agreement could close after the April 15 deadline, we are optimistic that it will end in the short term," the broker added.

Heritage oil also found under the spotlight, from 7½ to 282 p on speculation that BG Group explores bid for the assets of the Iraqi gas company.

Heritage oil company's shares have plunged since January, when he said that he had found gas in the region of Kurdistan of Iraq - disappointing investors who had hoped for a discovery of oil. Reports in Africa suggest that the company is also close to resolving a dispute tax troublesome in Uganda.

Back among the smaller caps, Ashtead acquired 16.7 to 203,2 after his British industrial equipment rental company
third-quarter loss before tax of £ 1. 7 m.

Evolution of securities raised its price target for the company, which employs diggers from small tools equipment, to 225 percent of 200 p. "in July, our forecast pre-tax 2011 held at 12 million pounds sterling." Yesterday, it was 20 million pounds, after today's announcement, it is likely to rise to £ 25 m to £ 30 m, "evolution of values securities analyst and Philip Sparks said in a note."

Betfair also rose 67½ to 955 p after you have copied rivals Ladbrokes and William Hill by moving parts of its business in Gibraltar. The move, which has been taken to benefit from a lower tax environment in the region, just a few months after that Betfair has completed its controversial London listing last October.

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The Libya uplift sends shares plummet as oil price leaps

The Libya is the first oil exporters leading to be affected by the political crisis in the Middle East. Photo: AFP

Sharp falls in Asian markets during night sparked a sell-off in London and Europe, while Brent crude reaches most of $108 a barrel on concerns exports of crude oil Libya more than 1 m barrels per day may be affected foreign oil companies to evacuate the country staff.

In London, the FTSE 100 index sank as 1. 5pc and CAC 40 France fell nearly $ 2pc moves towards the exit on the high price of oil concern of investors and political turmoil will limit economic growth and hurt corporate earnings.

Better than expected UK, the figures offered loan support limited to UK blue chips, despite news of a surplus of. 7bn £ 3 for public finances of Britain in January, thanks to a bumper haul tax.

UK Government bonds were supported by the new and investors seek refuge with the yield on ten-year gilts down five points from base to 3 68pc.

Michael Hewson, CMC Markets told traders market analyst fears the Libya and broader problems in the Middle East could send global markets in prolonged slump.

"Given that we saw massive gains of the stock market in recent months, investors have been nervous about a possible fix for some time," he said.

"Tensions in the Middle East with the implosion of the Libya and concerns that disorders may extend to Saudi Arabia could provide such a catalyst for a correction as we are approaching some support keys on main indices levels."

The Libya is 18th largest producer of oil in the world, pumping approximately 1.8 million barrels per day, or a little under 2pc of daily production. OPEC countries also depends on the largest oil reserves throughout Africa.

The country is the first oil exporters leading to be affected by political unrest, but traders were also considering events in Iran, the second largest producer in OPEC.

Airlines were among stocks hardest hit in London, under pressure from concerns over the impact of soaring fuel costs.

Europe receives more gross exports of Libya - mainly 85pc jet fuel – with 8 5pc password to the United Kingdom.

However, the Director of the International Energy Agency, Nobuo Tanaka, moved to reassure markets that provides oil are secure.

Speaking at a meeting in Riyadh, Saudi Arabia, he said OPEC nations provided that the cartel can use spare capacity to increase production to meet any shortfall of the Libya or Bahrain.

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