Economic Calendar

Monday, March 2, 2009

Amlin, HSBC, Old Mutual, Kingspan: U.K., Irish Equity Preview

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By Thomas Biesheuvel

March 2 (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 slipped 85.55, or 2.2 percent, to 3,830.09. The FTSE All-Share Index fell 2.1 percent to 1,929.75, and Ireland’s ISEQ Index rose 1.2 percent to 2,074.32.

Allied Irish Banks Plc (ALBK ID): Ireland’s biggest lender is scheduled to report earnings. The shares slipped 9.3 cents, or 19 percent, to 38.5 cents.

Amlin Plc (AML LN): Lloyd’s of London’s biggest insurer by market value is scheduled to report earnings. The shares fell 13 pence, or 3.7 percent, to 343 pence.

Keller Group Plc (KLR LN): The company that is building the foundations for the main stadium of London’s 2012 Olympic Games is scheduled to report earnings. The shares advanced 14.5 pence, or 2.5 percent, to 584.5 pence.

Kingspan Group Plc (KSP ID): Europe’s largest maker of flooring and insulation panels is scheduled to report earnings. The shares advanced 6.7 cents, or 3.1 percent, to 2.21 euros.

HSBC Holdings Plc (HSBA): Europe’s biggest bank by market value is scheduled to report earnings. HSBC may also raise about 12 billion pounds ($17 billion) to bolster capital as bad U.S. loans erode earnings, said two people with knowledge of the situation. The shares fell 35.75 pence, or 6.8 percent, to 491.25 pence.

Lloyds Banking Group Plc (LLOY LN): The U.K. lender that took over HBOS Plc last month may have to revise its bonus structure to receive government insurance for more than 250 billion pounds of assets, the Sunday Telegraph said, citing unidentified people familiar with the matter. The shares slipped 16.7 pence, or 22 percent, to 58.3 pence.

Old Mutual Plc (OML LN): Britain’s fourth-biggest insurer, plans to sell its 53 percent stake in South Africa’s Nedbank Group Ltd., the Observer reported, without citing anyone. The shares dropped 5.5 pence, or 12 percent, to 41.5 pence.

Paddy Power Plc (PWL ID): Ireland’s largest bookmaker is scheduled to report earnings. The shares fell 51 cents, or 4.4 percent, to 11 euros.

Pearson Plc (PSON LN): The publisher of the Financial Times is scheduled to report earnings. The shares rose 5 pence, or 0.8 percent, to 659.5 pence.

Premier Foods Plc (PFD LN): The second-largest U.K. bread baker will seek to raise 400 million pounds in a rights offer to reduce debt, the Sunday Times said, without saying where it got the information. The shares dropped 2 pence, or 6.25 pence, to 30 pence.

Royal Bank of Scotland Group Plc (RBS LN): The biggest government-controlled U.K. bank may receive a bid for its Asian units of as much as $3 billion from Australia & New Zealand Banking Group Ltd., South China Morning Post reported, citing people it didn’t identify. The shares fell 5.8 pence, or 20 percent, to 23.2 pence.

Ultra Electronics Holdings Plc (ULE LN): The world’s largest supplier of submarine detection buoys is scheduled to report earnings. The shares advanced 28 pence, or 2.6 percent, to 1,104 pence.

Whitbread Plc (WTB LN): The owner of Premier Inn budget hotels is scheduled to release a trading update. The shares dropped 2 pence, or 0.3 percent, to 746.5 pence.

Xchanging Plc (XCH LN): The U.K. provider of back-office services is scheduled to report earnings. The shares fell 3 pence, or 1.5 percent, to 203 pence.

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




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