Economic Calendar

Friday, May 15, 2009

Barclays, Irish Life, ITV, Rio: U.K., Irish Equity Preview

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By Jonathan Browning

May 15 (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 rose 31.21, or 0.7 percent, to 4,362.58. The FTSE All-Share Index rose 0.7 percent, and Ireland’s ISEQ Index rose 2.6. percent.

Barclays Plc (BARC LN): The U.K.’s third-biggest bank is in talks to sell its Barclays Global Investors asset management unit to potential buyers including BlackRock Inc. and Bank of New York Mellon Corp., according to people with knowledge of the matter. The shares rose 10.25 pence, or 4.2 percent, to 253 pence.

Clipper Windpower Plc (CWP LN): The U.K. turbine maker and operator is scheduled to publish earnings. The shares rose 7.5 pence, or 6.3 percent, to 126 pence.

Irish Life & Permanent Plc (IPM ID): Ireland’s biggest mortgage lender is scheduled to publish a trading statement. The shares rose 24.8 cents, or 11.3 percent, to 2.448 euros.

ITV Plc (ITV LN): The U.K.’s biggest commercial broadcaster hired U.S. executive search firm Russell Reynolds Associates to find a replacement for Executive Chairman Michael Grade, the Financial Times reported. The shares fell 1.5 pence, or 4.6 percent, to 31 pence.

Ladbrokes Plc (LAD LN): The owner of more than 2,300 U.K. and Irish betting shops is scheduled to publish a trading statement. The stock rose 4.75 pence, or 2.2 percent, to 224.75 pence.

Lancashire Holdings Ltd. (LRE LN): The marine and energy insurer founded in 2005 is scheduled to report first-quarter results. The shares rose 2.25 pence, or 0.5 percent, to 473.25 pence.

Rio Tinto Plc (RIO LN): The world’s third-largest mining company said it remains committed to a proposed $19.5 billion investment accord with Aluminum Corp. of China. The shares rose 91 pence, or 3.64 percent, to 2,594 pence.

UTV Media Plc (UTV LN): Northern Ireland’s biggest broadcaster is scheduled to publish a trading statement. The shares fell 3 pence, or 5.6 percent, to 56.5 pence.

To contact the reporters on this story: Jonathan Browning in London jbrowning9@bloomberg.net




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