Economic Calendar

Monday, September 22, 2008

Wolseley, Yell, Shell, Irish Life: U.K., Irish Equity Preview

Share this history on :

By Thomas Biesheuvel

Sept. 22 (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 431.30, or 8.8 percent, to 5,311.30. The FTSE All-Share Index advanced 8.5 percent, and Ireland's ISEQ Index climbed 10 percent.

U.K. companies:

Aero Inventory Plc (AI/ LN): A supplier of parts to Airbus SAS and Boeing Co. is scheduled to publish earnings. The shares dropped 15.75 pence, or 3.7 percent, to 414.25 pence.

Hansteen Holdings Plc (HSTN LN): The U.K property company is scheduled to publish earnings. The shares slipped 0.25 pence, or 0.3 percent, to 97 pence.

International Ferro Metals Ltd. (IFL LN): A producer of ferrochrome in South Africa is scheduled to publish earnings. The shares advanced 15.75 pence, or 39 percent, to 55.75 pence.

Kingfisher Plc (KGF LN): The U.K. home-improvement retailer is considering moving its headquarters out of the country to avoid paying proposed British corporate taxes, the Sunday Telegraph said. The shares rose 13.5 pence, or 10 percent, to 144.9 pence.

Peter Hambro Mining Plc (POG LN): The second-largest gold producer in Russia is scheduled to publish earnings. The shares climbed 105.5 pence, or 16 percent, to 774.5 pence.

Royal Dutch Shell Plc (RDSA LN): Europe's biggest oil producer declared a new suspension of Bonny Light crude exports after militants targeted its installations in Nigeria. The shares rose 89 pence, or 5.6 percent, to 1684 pence.

Wolseley Plc (WOS LN): The world's biggest distributor of plumbing and heating equipment is scheduled to publish earnings. The shares rose 25 pence, or 6.4 percent, to 414 pence.

Yell Group Plc (YELL LN): The publisher of the U.K.'s Yellow Pages phone directory is negotiating with banks, including HSBC Holdings Plc, to restructure 3.7 billion pounds ($6.79 billion) in debt, the Sunday Times said. The shares advanced 13 pence, or 17 percent, to 91 pence.

Irish companies:

Irish Life & Permanent Plc (IPM ID): Ireland's biggest mortgage lender dismissed newspaper speculation it's likely to be the next Irish financial institution to receive a takeover offer. The shares rose 1.038 euros, or 20 percent, to 6.138 euros.

To contact the reporter on this story: Tom Biesheuvel in London tbiesheuvel@bloomberg.net


No comments: