Economic Calendar

Monday, March 30, 2009

Barclays, BHP, Carphone Warehouse: U.K., Irish Equity Preview

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By Kevin Crowley

March 30 (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 26.35 points, or 0.7 percent, to 3,898.85. The FTSE All-Share Index declined 0.6 percent, and Ireland’s ISEQ Index dropped 0.7 percent.

888 Holdings Plc (888 LN): The second-largest U.K. online gambling company is due to report earnings. 888 increased 3.5 pence, or 3.2 percent, 112.5 pence.

Barclays Plc (BARC LN): The U.K.’s third-biggest bank won’t seek government asset guarantees after regulators said the lender didn’t need additional capital, according to a person familiar with the situation. Barclays climbed 33.7 pence, or 24 percent, to 173.8 pence.

BG Group Plc (BG/ LN): The U.K.’s third-largest biggest natural gas company plans to bid for North Sea oil producer Oranje Nassau Groep BV on April 3, the Sunday Times reported, without saying where it got the information. BG Group declined 9 pence, or 0.9 percent, to 1,051 pence.

BHP Billiton Ltd. (BLT LN): The world’s biggest mining company has been given approval from its biggest investors to pursue acquisitions, the Sunday Telegraph reported, citing some of the company’s 10 largest shareholders. The stock fell 50 pence, or 3.4 percent, to 1,409 pence.

British Airways Plc (BAY LN): Europe’s third-largest carrier’s merger talks with Iberia Lineas Aereas de Espana SA have come to a virtual halt and at least a dozen issues still remain to be solved, the London-based Times reported, citing people close to the talks. BA declined 4.3 pence, or 3.1 percent, to 136.7 pence.

BT Group Plc (BT/A LN): The U.K.’s largest phone company will probably write down the value of its Global Services unit by more than 300 million pounds ($427 million), the Mail on Sunday reported, without saying where it got the information. BT dropped 2.1 pence, or 2.7 percent, to 76.9 pence.

Carphone Warehouse Group Plc (CPW LN): The U.K. mobile phone retailer is considering bidding for Tiscali SpA’s British business after talks between the Italian Internet company and Rupert Murdoch’s British Sky Broadcasting Group Plc broke down, the Daily Telegraph reported, without citing anyone. The stock rose 1.75 pence, or 1.4 percent, to 125.75 pence.

Dana Petroleum Plc (DNX LN): The explorer in the North Sea and Egypt is scheduled to report earnings. Dana Petroleum fell 22 pence, or 1.9 percent, to 1,160 pence.

James Halstead Plc (JHD LN): The U.K. provider of flooring for Moscow’s Kremlin Conference Palace is scheduled to report earnings. The share advanced 8.25 pence, or 2.1 percent, to 399.25 pence.

Headlam Group Plc (HEAD LN): The U.K. distributor of floor coverings is due to report earnings. Headlam declined 2 pence, or 0.8 percent, to 239 pence.

Liberty International Plc (LII LN): The largest owner of shopping malls in Britain has held talks with Peel Holdings Plc about buying Manchester’s Trafford Center in an all-share transaction, the Sunday Times reported, citing people familiar with the company. Liberty gained 8.75 pence, or 2.1 percent, to 433 pence.

Lamprell Plc (LAM LN): The construction and engineering company for oil and gas rigs is expected to report earnings. The stock dropped 1.75 pence, or 2.6 percent, to 65.5 pence.

Lloyds Banking Group Plc (LLOY LN): The biggest U.K. bank by customers has appointed Deutsche Bank AG to review its insurance businesses ahead of restructuring or selling them, the Financial Times reported, without saying where it got the information. Lloyds gained 7.1 pence, or 10.3 percent, to 76.1 pence.

Kentz Corp. (KENZ LN): The Irish engineering company is scheduled to report earnings. Kentz advanced 4.5 pence, or 4 percent, to 115.5 pence.

Marks & Spencer Group Plc (MKS LN): The U.K.’s biggest clothing retailer should hold a vote to determine whether or not investors want an independent chairman, the Financial Times reported, citing a group of pension funds. The shares fell 3.5 pence, or 1.3 percent, to 265.25 pence.

SSL International Plc (SSL LN): The maker of Durex condoms and Scholl shoes will this week increase its stake in Russia’s BLBV to 51 percent from 9 percent, the Mail on Sunday reported, without saying where it got the information. SSL dropped 10.75 pence, or 2.4 percent, to 437.75 pence.

Tesco Plc (TSCO LN): The U.K.’s largest supermarket owner plans to open 30 bank branches in its stores by the end of the year and offer checking accounts as it seeks to double profit at its retailing services arm. Tesco declined 13.6 pence, or 4.1 percent, to 317.5 pence.

Travis Perkins Plc (TPK LN): The U.K. building-materials distributor that owns the Wickes home-improvement chain plans to raise up to 300 million pounds in a rights offer or private placement to help the U.K. building-materials group pay debts of 1 billion pounds, the Sunday Telegraph said, citing unidentified people close to the company. Travis Perkins rose 5.25 pence, or 1.25 percent, to 424.5 pence.

VT Group Plc (VTG LN): The U.K. warship builder and services company is scheduled to report earnings. VT Group dropped 15.5 pence, or 3.1 percent, to 481.5 pence.

To contact the reporter on this story: Kevin Crowley in London kcrowley1@bloomberg.net




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