Economic Calendar

Friday, November 21, 2008

Daily Mail, Fuller, United Drug: U.K., Irish Equity Preview

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By Howard Mustoe and Adam Haigh

Nov. 21 (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 fell 130.69, or 3.3 percent, to 3874.99. The FTSE All-Share Index declined 3.2 percent, and Ireland's ISEQ Index fell 4.4 percent.

U.K. companies:

Daily Mail and General Trust Plc (DMGT LN): The newspaper owner is in talks with Independent News & Media Plc to share back office functions of their London-based newspapers, the Telegraph reported. Daily Mail fell 10.25 pence, or 4.1 percent, to 240.25 pence.

Fuller Smith & Turner Plc (FSTA LN): The largest pub owner in London's financial district reported first-half net income of 7.3 million pounds ($10.9 million) from 11.4 million pounds a year earlier. Fuller fell 11.75 pence, or 3.6 percent, to 315.75 pence.

HBOS Plc (HBOS LN): The U.K. bank that agreed to be bought by Lloyds TSB Group Plc helped to recapitalize Kenmore Property Group after a 500 million-pound joint venture breached debt covenants, the Financial Times reported, without saying where it got the information. HBOS rose 7.7 pence, or 12 percent, to 72 pence.

OAO Lukoil (LKOD LI): Russia's biggest non-state oil producer secured a $540 million loan from banks to buy Turkish filling station operator Akpet, Interfax reported. Lukoil fell 2.25 pence, or 7.5 percent, to 27.75 pence.

Irish companies:

United Drug Plc (UDG ID): Ireland's biggest medicines supplier said full-year profit rose 6.1 percent on increased sales through acquisitions and expansion in the Irish drug market. United fell 10 cents, or 3.7 percent, to 2.63 euros.

To contact the reporters on this story: Howard Mustoe in London at hmustoe@bloomberg.net; Adam Haigh in London at ahaigh1@bloomberg.net




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