By Kevin Crowley
Jan. 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 fell 56.83 points, or 1.3 percent, to 4448.54. The FTSE All-Share Index dropped 1.2 percent to 2227.56 and Ireland’s ISEQ Index rose 1.7 percent to 2,686.14.
Anglo Irish Bank Corp. (ANGL ID): Ireland’s fourth-largest lender may write down a 450 million-euro ($606 million) loss on commercial property because of a legal ruling, the Sunday Business Post reported, citing NCB Stockbrokers. Anglo Irish rose 0.04 euros, or 17 percent, to 0.28 euros.
DSG International Plc (DSGI LN): The U.K.’s largest consumer-electronics retailer will say sales fell as much as 12 percent during the holiday period, the Sunday Times said, citing analysts. DSG International rose 0.5 pence, or 2.6 percent, to 20 pence.
Elan Corp. (ELN ID): Ireland’s biggest drugmaker plans to raise as much as $500 million by licensing out experimental cancer drugs and isn’t negotiating to sell the company to Pfizer Inc. or any other drugmaker, Chief Executive Officer Kelly Martin said in an interview, Jan 9. Elan increased 0.36 euros, or 6 percent, to 6.36 euros.
Inchcape Plc (INCH LN): The global operator of car dealerships is considering a rights offer or share placing as it negotiates new financing arrangements with its lenders, the Sunday Telegraph reported, citing people close to the company. Inchcape dropped 0.25 pence, or 0.6 percent, to 44.75 pence.
InterContinental Hotels Group Plc (IHG LN): The owner of the Holiday Inn brand will expand in Germany by opening 20 hotels by 2016, the Sunday Times reported, without saying where it got the information. InterContinental Hotels climbed 17.5 pence, or 2.9 percent, to 613.5 pence.
Lloyds TSB Group Plc (LLOY LN): The U.K. bank, accused of allowing Iran illegal access to the U.S. financial system, agreed to pay $350 million to settle an investigation by Manhattan District Attorney Robert Morgenthau. Lloyds TSB climbed 3.1 pence, or 2.4 percent, to 131.5 pence.
New Star Asset Management Group Plc (NSAM LN): Schroders Plc has offered to buy the fund manager started by John Duffield in 2000 for more than 100 million pounds ($151 million), the Sunday Telegraph said, without saying where it got the information. New Star rose 0.33 pence, or 12.7 percent, to 2.93 pence.
Premier Foods Plc (PFD LN): The second-largest U.K. bread baker is asking its banks to let it make a rights issue in exchange for relaxing debt covenants, the London-based Times reported, citing people familiar with the matter. Premier Foods dropped 1 penny, or 3 percent, to 32 pence.
Royal Bank of Scotland Group Plc (RBS LN): Apollo Management LP and BC Partners Ltd. may bid for the Scottish bank’s 7 billion-pound ($10.6 billion) insurance business, the Sunday Times said, without saying where it got the information. RBS rose 2.5 pence, or 4.9 percent, to 53.1 pence.
Tesco Plc (TSCO LN): The U.K.’s largest supermarket chain will report its worst Christmas sales since the early 1990s, the Sunday Times said, citing analysts. Tesco increased 2 pence, or 0.6 percent, to 363.1 pence.
Taylor Wimpey Plc (TW/ LN): The U.K.’s largest homebuilder got the agreement of lenders to extend the maturity of its senior debt to 2012 from dates over the next three years, the Financial Times said, without saying where it got the information. Taylor Wimpey advanced 3.75 pence, or 21.4 percent, to 21.25 pence.
To contact the reporter on this story: Kevin Crowley in London at kcrowley1@bloomberg.net
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