Economic Calendar

Tuesday, March 3, 2009

BP, Admiral, UBM, Persimmon, Drax: U.K., Irish Equity Preview

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By Thomas Biesheuvel

March 3 (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 204.26 or 5.3 percent, to 3,625.83. The FTSE All-Share Index fell 5 percent, and Ireland’s ISEQ Index dropped 4.5 percent.

Admiral Group Plc (ADM LN): The U.K. car insurer and broker that owns the confused.com Web site is scheduled to report earnings. The shares advanced 20 pence, or 2.3 percent, to 875 pence.

Ashtead Group Plc (AHT LN): The second-biggest equipment- rental company in the U.S. is scheduled to report earnings. The shares rose 1.25 pence, or 3.7 percent, to 35.5 pence.

BP Plc (BP/ LN): Europe’s second-largest oil producer may outline plans tomorrow to close the earnings “gap” with rivals in refining and marketing, analysts said. The shares fell 25.5 pence, or 5.7 percent, to 422.75 pence.

Drax Group Plc (DRX LN): The owner of western Europe’s biggest coal-fired power plant is scheduled to report earnings. The shares slipped 14.5 pence, or 2.8 percent, to 504.5 pence.

Jardine Lloyd Thompson Plc (JLT LN): The U.K.’s biggest publicly traded insurance broker is scheduled to report earnings. The shares fell 11.25 pence, or 2.5 percent, to 444.25 pence.

John Wood Group Plc (WG/ LN) The U.K.’s largest oilfield- services provider is scheduled to report earnings. The shares dropped 8.5 pence, or 4.4 percent, to 185.25 pence.

Meggitt Plc (MGGT LN): The U.K. maker of engine-motoring systems for Airbus SAS and Boeing Co is scheduled to report earnings. The shares slipped 8 pence, or 6.4 percent, to 117.25 pence.

Pace Plc (PIC LN): The U.K. supplier of digital TV technology to British Sky Broadcasting Group Plc is scheduled to report earnings. The shares rose 1 penny, or 1.7 percent, to 60 pence.

Persimmon Plc (PSN LN): The U.K.’s second-biggest homebuilder by market value is scheduled to report earnings. The shares rose 3 pence, or 0.9 percent, to 347.25 pence.

Provident Financial Plc (PFG LN): The U.K. lender to low- income households is scheduled to report earnings. The shares fell 28 pence, or 3.2 percent, to 790 pence.

Rotork Plc (ROR LN): The world’s largest maker of valve- actuators used in oil pipelines is scheduled to report earnings. The shares fell 30.5 pence, or 4.3 percent, to 686 pence.

Standard Chartered Plc (STAN LN): The British lender that makes most of its money in Asia is scheduled to report earnings. The shares dropped 77 pence, or 12 percent, to 587 pence.

United Business Media Plc (UBM LN): The publisher of Information Week and owner of PR Newswire is scheduled to report earnings. The shares fell 16.5 pence, or 4 percent, to 398.5 pence.

Wolseley Plc (WOS LN): The world’s biggest distributor of heating and plumbing gear, may announce a 1 billion-pound ($1.4 billion) rights offering by the end of this week as it seeks to manage 3 billion pounds of debt, the Financial Times reported, without saying where it got the information. The shares fell 10.2 pence, or 5.7 percent, to 168.4 pence.

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




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