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National Grid named Andrew Bonfield as the Co's Finance Director to replace Steve Lucas.
British Land reaffirmed "the 1st Interim Dividend for 2010/11 of 6.5p, as announced on 4th August 2010, will be a normal dividend."
Inmarsat: Harbinger Capital Partners may sell appx. £300m of shares in the Co (Times).
Premier Foods could consider selling its meat-free goods business, Quorn (Sunday Times).
BG Group is seeking a successor to Chairman Robert Wilson (FT).
BP to cut its operations in the Gulf of Mexico to reduce capital spending (FT). In other news, the Co's CFO Byron Grote to stay in his post for at least one year (FT).
Oil & Gas, technology and basic resources shares gained most in London Friday.
Real Estate: Derwent London (+3.52% to 1557p) and Capital Shopping Centres Group (+2.5% to 376.9p) reached a new 3-month relative high against the FTSE 100.
Industrial Goods & Services: Rotork Plc (+1.4% to 1744p), Cookson Group Plc (+1.19% to 553.5p), Spectris (+1.03% to 1084p) and Halma (+0.98% to 319.6p) reached a new 3-month relative high against the FTSE 100.
Utilities: Northumbrian Water (+0.24% to 333.4p) and Drax Group (+0.21% to 384.1p) closed at a 3-month relative low against the FTSE 100.
Media: Reed Elsevier (-0.56% to 535p) and Pearson (-0.61% to 979.5p) closed at a 3-month relative low against the FTSE 100.
Insurance: Jardine Lloyd Thompson (-2.25% to 564.5p) reached a new 3-month relative low against the FTSE 100.
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Latest broker recommendations
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Vodafone was upgraded to "equalweight" from "underweight" at Morgan Stanley.
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| NYFP.TV |
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| Today’s Corporate Events (FTSE 350 universe) |
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No major earnings expected.
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| Director Dealings |
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Kevin Smith, Direcor at GKN PLC, acquired 6,527 shares of the Co at £1.67 a piece.
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Germany / Austria
Hochtief's CEO expects to win the support from the German government against ACS's hostile bid for the Co (WirtschaftsWoche).
Erste Group investor conference
Chemicals: Lanxess (+4.04% to E41.82) and Wacker Chemie (+0.48% to E136) reached a new 3-month relative high against the Dax.
Health Care: Rhoen Klinikum (-0.65% to E16.08), Qiagen (-0.88% to E13.01) and Merck KGaA (-1.17% to E60.9) closed at a 3-month relative low against the Dax.
Financial Services: Deutsche Boerse (-1.97% to E47.98) closed at a 3-month relative low against the Dax.
France
Sanofi-Aventis commenced a tender offer for all outstanding shares of common stock of Genzyme Corp for $69 per share. The transaction is valued at appx. $18.5bln.
Renault targets to almost double its share of car sales in Brazil in the next 3yrs (Folha de S. Paulo).
EDF could sell its stake in Constellation Energy's nuclear plants (Reuters).
Ingenico reaffirmed its FY10 targets for sales of E825m and an operating margin of 16%-17% of sales (Investir).
Zodiac Aerospace may double its revenue in 5yrs, according to CEO Olivier Zarrouati (Investir).
Safran announced its intention of setting up a commercial and industrial collaboration framework agreement with SNPE to strengthen the solid propulsion industry.
Rhodia targets an appx. 40% increase in EBITDA in the next 3-5yrs compared to its FY2010 expectation.
Real Estate: Gecina (+1.09% to E87.95) and ICADE (+0.7% to E77.6) reached a new 3-month relative high against the Cac 40.
Media: SES (-3.32% to E17.05) and TF1 (-1.53% to E11.25) closed at a 3-month relative low against the Cac 40.
Automobiles & Parts: Michelin (-3.15% to E54.05) reached a new 3-month relative low against the Cac 40.
Eurotunnel was upgraded to "buy" from "neutral" at Goldman Sachs.
Spain / Portugal / Greece
Oil & Gas: Repsol (+4.95% to E19.83) reached a new 3-month relative high against the Ibex.
Banks: Banco De Sabadell (-2.23% to E3.59), Santander (-2.33% to E9.1) and Bankinter (-1.16% to E5.04) reached a new 3-month relative low against the Ibex.
Insurance: Corporacion Mapfre (-1.57% to E2.2) reached a new 3-month relative low against the Ibex.
Bolsas y Mercados Espanoles was downgraded to "sell" from "neutral" at UBS.
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| Today’s economic events (CE time) |
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EC 10:30: Oct Sentix Investor Conf.
UK 10:30: Sep PMI Construction
EC 11:00: Aug Euro-Zone PPI MoM
US 16:00: Aug Factory Orders, exp.: -0.3%
US 16:00: Aug Pending Home Sales MoM, exp.: 4%
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| Indices |
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Last |
Daily
Change |
% YTD |
| FTSE 100 |
5,593 |
44.28 |
3.33 |
| FTSE 250 |
10,592 |
60.67 |
13.81 |
| FTSE techMARK 100 |
1,964 |
13.01 |
15.22 |
| Dow Jones |
10,830 |
41.63 |
3.85 |
| Nasdaq 100 |
1,997 |
-1.44 |
7.33 |
| S&P 500 |
1,146 |
5.04 |
2.79 |
| DJ Euro STOXX 50 |
2,733 |
-14.99 |
-7.83 |
| Dax |
6,211 |
-17.68 |
4.26 |
| Cac 40 |
3,692 |
-23.09 |
-6.20 |
| SMI |
6,284 |
-12.16 |
-4.00 |
| Nikkei 225 |
9,447 |
42.75 |
-10.42 |
| Hang Seng |
22,678 |
319.71 |
3.68 |
| ASX |
4,641 |
61.80 |
-4.71 |
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| Bonds |
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Last % |
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Last % |
| 10Y Gilt |
2.97
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US 10Y T-Note
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2.48
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| 10Y Bund |
2.29
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US 30Y T-Bond
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3.68
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| EUR / USD (15min) |
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| USD / JPY (15min) |
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| Dax 30 (15min) |
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| Cac 40 (15min) |
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| Euro Stoxx 50 (15min) |
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| Important Notice: |
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© 2008 City Index Ltd
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