Economic Calendar

Monday, June 30, 2008

Barclays, Bradford & Bingley, TDG: U.K., Irish Equity Preview

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By Sabine Pirone

June 30 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets today. Stock symbols are in parentheses, and prices are from the last market close.

The benchmark FTSE 100 Index rose 11.70, or 0.2 percent, to 5,529.90 The FTSE All-Share Index rose 4.35, or 0.2 percent, to 2,812.59. Ireland's ISEQ Index rose 64.92, or 1.2 percent, to 5,295.66.

U.K. Companies:

Barclays Plc (BARC LN): Chief Executive Officer John Varley considers the 4.5 billion pounds ($9 billion) the bank is raising in a share sale sufficient to absorb credit-related writedowns, the Sunday Telegraph reported. Barclays fell 5.75 pence, or 1.9 percent, to 298 pence.

Bradford & Bingley Plc (BB/ LN): Resolution Ltd. would renew a bid for Bradford & Bingley Plc if asked by the mortgage lender's board, the Sunday Telegraph said, citing the head of Resolution. Bradford & Bingley fell 16.75 pence, or 20.9 percent, to 63.25 pence.

Cable & Wireless Plc (CW/ LN): The U.K.'s second-biggest phone company may raise its offer for Thus Group Plc by as much as 27 million pounds ($53.8 million), the Sunday Times reported, without saying where it got the information. Cable & Wireless fell 2.2 pence, or 1.5 percent, to 147.4 pence.

ClinPhone Plc (CNP LN): Quintiles Transnational Corp. said it won't proceed with an offer for computer software-maker ClinPhone Plc, leaving the door open for Parexel International Corp. as the sole bidder. ClinPhone rose 0.75 pence, or 0.5 percent, to 140 pence.

Drax Group Plc (DRX LN): The U.K. owner of Europe's biggest coal-fired power plant is issuing a trading statement. Drax Group fell 3.5 pence, or 0.5 percent, to 736.5 pence.

IMI Plc (IMI LN): The world's biggest maker of pneumatic controls is issuing a trading statement. IMI rose 2.5 pence, or 0.6 percent, to 438 pence.

Informa Plc (INF LN): The publisher of Lloyd's List is issuing a trading statement. Informa fell 9.5 pence, or 2.3 percent, to 400.25 pence.

J Sainsbury Plc (SBRY LN): The U.K.'s third-largest supermarket chain is considering the sale of its 2 billion-pound ($4 billion) pension fund, raising the possibility of a renewed takeover bid, the Sunday Express reported, citing unidentified people. J Sainsbury fell 6.25 pence, or 2 percent, to 308.75 pence.

Qinetiq Plc (QQ/ LN): The U.K. government will probably sell its 19 percent stake in defense researcher Qinetiq Plc, the Sunday Telegraph reported, without saying where it got the information. Qinetiq rose 1.5 pence, or 0.8 percent, to 200 pence.

ScS Upholstery Plc (SUY LN): Sun Capital Partners Inc., a Florida-based private-equity firm, is close to acquiring U.K. furniture retailer ScS Upholstery Plc, the Sunday Times reported, without saying where it got the information. ScS Upholstery fell 0.13 pence, or 2 percent, to 6.5 pence.

Taylor Wimpey Plc (TW/ LN): The U.K.'s biggest home developer will receive 500 million pounds ($997 million) from institutional shareholders to ``repair its shattered balance sheet,'' the Sunday Telegraph reported, without saying where it got the information. Taylor Wimpey rose 7 pence, or 12.7 percent, to 62 pence.

TDG Plc (TDG LN): The U.K. transportation and storage company said it agreed on terms of a possible buyout offer from investment firm Laxey Partners Ltd. TDG fell 3.25 pence, or 1.5 percent, to 216 pence.

Irish Companies:

DCC Plc (DCC ID): ReachCapital, an investor in DCC Plc, wants the Irish consumer goods distributor to appoint bankers to break up the company, the Sunday Times reported, citing Nigel Hart, managing directo

Kingspan Group Plc (KSP ID): Europe's largest maker of flooring and insulation panels, is closing a timber frame housing plant in Wales due to the slowdown in the British building market, the Sunday Business Post said, citing an unnamed spokeswoman. Kingspan Group rose 0.38 cents, or 6.4 percent, to 6.35 euros.

To contact the reporter on this story: Sabine Pirone in London at spirone@bloomberg.net


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