Economic Calendar

Friday, December 12, 2008

Aggreko, Shire, United Business Media: U.K. Equity Preview

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By Lenka Ponikelska and Alexis Xydias

Dec. 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 added 21.41, or 0.5 percent, to 4,388.69. The FTSE All-Share Index rose 0.5 percent and Ireland’s ISEQ Index retreated 2.3 percent.

Aggreko Plc (AGK LN): The world’s largest provider of mobile generators said annual profit will beat analysts’ estimates after a “very strong” fourth-quarter. The stock fell 17.75 pence, or 4.1 percent, to 412.75 pence.

Dimension Data Holdings Plc (DDT LN): Africa’s largest computer-services company was downgraded to “underperform” at Merrill Lynch & Co. The shares added 1.5 pence, or 3.7 percent, to 42 pence.

HBOS Plc (HBOS LN): The bank said it will take a 3.3 billion-pound ($4.9 billion) impairment charge as credit conditions deteriorate. The shares fell 2.3 pence, or 2.6 percent, to 87.6 pence.

Rightmove Plc (RMV LN): Connells Ltd. will sell 18 percent of Rightmove, the owner of the U.K.’s largest residential- property Web site, according to terms e-mailed by the banks managing the sale. The shares added 4 pence, or 2.2 percent, to 184 pence.

Shire Plc (SHP LN): The U.K. drugmaker may be taken over by AstraZeneca Plc next year, the Financial Times reported, citing a report by UBS AG and the Boston Consulting Group. The study, based on interviews with executives of European public companies, forecast a series of takeover deals in Europe next year. Shire fell 7.5 pence, or 0.8 percent, to 936 pence.

United Business Media Plc (UBM LN): The publisher of Information Week and owner of PR Newswire said it’s on course to deliver performance in line with its guidance of 2008 revenue and earnings per share in line with market estimates. The shares added 19 pence, or 4.2 percent, to 468 pence.

To contact the reporters on this story: Lenka Ponikelska in London lponikelska1@bloomberg.net; Alexis Xydias in London at axydias@bloomberg.net



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