Economic Calendar

Wednesday, November 12, 2008

Barclays, Sainsbury, Taylor Wimpey: U.K., Irish Equity Preview

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By Howard Mustoe

Nov. 12 (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 declined 157.23, or 4 percent, to 4,246.69. The FTSE All-Share Index fell 4 percent, and Ireland's ISEQ Index fell 2 percent.

U.K. companies:

Barclays Plc (BARC LN): The bank's shareholders, including Legal & General Investment Management, which owns more than 5 percent, have said they may vote against the bank's plan to raise 7 billion pounds ($10.7 billion) unless terms are improved, the Financial Times reported, without saying where it got the information. Barclays declined 6 pence, or 3 percent, to 179 pence.

British Land Co. (BLND LN): The U.K.'s largest real estate investment trust by assets releases earnings. British Land fell 49.5 pence, or 8 percent, to 556.5 pence.

Dimension Data Holdings Plc (DDT LN): Africa's largest computer services company announces results. Dimension fell 3.5 pence, or 11 percent, to 29.5 pence.

Johnston Press Plc (JPR LN): The publisher of U.K. regional newspapers including the Yorkshire Post and The Scotsman announces earnings. Johnston fell 2 pence, or 10 percent, to 19 pence.

J Sainsbury Plc (SBRY LN): The third-largest U.K. supermarket chain may say next week first-half profit rose after it reduced prices and added more own-brand products to draw shoppers in the face of a weakening economy. Sainsbury's fell 1.75 pence, or 0.6 percent, to 272.25 pence.

Reed Elsevier Plc (REL LN): The business-to-business publishing and information group will probably extend the March 2009 deadline for refinancing half of the $4.2 billion loan it used to buy data provider ChoicePoint, the Daily Telegraph reported, without citing anyone. Reed fell 23.5 pence, or 4 percent, to 508 pence.

Scottish & Southern Energy Plc (SSE LN): The U.K.'s second- biggest energy supplier, may report a 55 percent drop in pretax profit for the fiscal first half after higher costs crimped sales margins and plants halted production. Scottish declined 37 pence, or 3 percent, to 1144 pence.

Taylor Wimpey Plc (TW/ LN): The U.K. housebuilder is under more pressure from its bank lenders to compensate them for resetting debt terms needed to avoid a breach of covenants in early 2009, the Financial Times reported. Taylor Wimpey fell 2.5 pence, or 19 percent, to 10.75 pence.

Thomson Reuters Plc (TRIL LN): The news and data company formed by Thomson Corp.'s purchase of Reuters Group Plc releases earnings. Thomson fell 67 pence, or 6 percent, to 1076 pence.

Irish Companies:

Smurfit Kappa Group Plc (SKG ID): Europe's largest maker of cardboard boxes may say third-quarter earnings fell 17 percent, a survey of analysts showed. Smurfit fell 21 cents, or 10 percent, to 2 euros.

To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net.




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