Economic Calendar

Monday, June 29, 2009

Anglo American, Lloyds, Vodafone: U.K., Irish Equity Preview

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By Howard Mustoe and Adam Haigh

June 29 (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 11.56, or 0.3 percent, to 4,241.01. The FTSE All-Share Index declined 0.1 percent, and Ireland’s ISEQ Index retreated 0.4 percent.

Anglo American Plc (AAL LN): The mining company that last week rejected Xstrata Plc’s proposed merger, plans to begin talks with Aluminum Corp. of China about investing in Anglo’s Brazilian iron ore business, the Sunday Telegraph reported.

Separately, Anglo approached former Rio Tinto Plc Chairman Jim Leng and National Grid Plc’s Sir John Parker to replace Mark Moody-Stuart, the Sunday Times reported. Anglo is in talks with Dubai Natural Resources World to develop iron ore sources in Brazil, the London-based Times reported, without saying where it got the information. Anglo fell 27 pence, or 1.5 percent, to 1,804 pence.

Asos Plc (ASC LN): The U.K.’s second-largest online clothing retailer said full-year revenue more than doubled to 165.4 million pounds ($272.4 million). Asos fell 10 pence, or 2.6 percent, to 380 pence.

Carpetright Plc (CPR LN): The U.K.’s largest carpet retailer may report a 70 percent decline in full-year profit, the Sunday Times reported, citing unidentified analysts. Carpetright rose 8 pence, or 1.4 percent, to 592 pence.

Centrica Plc (CNA LN): Hongkong Electric Holdings Ltd. may bid for a stake in the world’s largest wind farm, owned by the U.K.’s biggest energy supplier, according to the U.K.-based TimesOnline. Centrica rose 0.75 pence, or 0.3 percent, to 227.75 pence.

Elan Corp. (ELN ID): Novartis AG, Europe’s second-largest drugmaker, is in talks to buy part of the Irish drugmaker’s business, the Sunday Times reported, without citing anyone. Elan fell 9.5 cents, or 1.8 percent, to 5.075 euros.

J. Sainsbury Plc (SBRY LN): the U.K.’s third-largest supermarket owner has a final shortlist of about three candidates to replace Chairman Philip Hampton, including Burberry Group Plc board member David Tyler, a former finance director at retail group GUS Plc, the Sunday Telegraph reported, without saying how it got the information. Sainsbury fell 3.25 pence, or 1 percent, to 311.5 pence.

Lloyds Banking Group Plc (LLOY LN): Britain’s biggest mortgage lender was raised to “buy” from “neutral” at Goldman Sachs Group Inc. and added to the firm’s “conviction buy” list. The shares closed little changed at 66.49 pence.

Marks & Spencer Group Plc (MKS LN): The U.K.’s biggest clothing retailer’s shareholders may vote against pay, performance and succession policies at the retailer’s annual meeting next month, the Financial Times reported, citing unnamed investors.

Marks’ Deputy Chairman David Michels is backed by the Local Authority Pension Fund Forum to succeed Stuart Rose, the Sunday Times reported, citing the group’s Chairman Ian Greenwood. Marks rose 9 pence, or 3 percent, to 312 pence.

National Express Group Plc (NEX LN): The U.K. long-distance coach and train operator rejected an unsolicited takeover bid from FirstGroup Plc, the Financial Times reported, without saying where it got the information. National Express gained 6.25 pence, or 2.3 percent, to 275.75 pence.

Premier Foods Plc (PFD LN): The U.K. maker of Hovis bread said its forecast for first-half and full-year sales and profit are unchanged. Premier was unchanged at 38.25 pence.

Senior Plc (SNR LN): The U.K. maker of air ducts for commercial aircraft said profitability for the half year is in line with its forecasts and long-term prospects for the company remain “encouraging.” Senior rose 2.25 pence, or 7.1 percent, to 34 pence.

Vodafone Group Plc (VOD LN): The world’s largest mobile- phone company may buy T-Mobile UK Ltd. or form a venture to expand its market share to about 40 percent of British mobile phone users, the Financial Times reported, citing people familiar with the situation. Vodafone fell 0.9 pence, or 0.8 percent, to 116.2 pence.

To contact the reporters on this story: Howard Mustoe in London at hmustoe@bloomberg.net; Adam Haigh in London at ahaigh1@bloomberg.net




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