By Charlie Duxbury and Adam Haigh
July 9 (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 46.77, or 1.1 percent, to 4140.23. The FTSE All-Share Index dropped 1.2 percent and Ireland’s ISEQ Index rose 0.5 percent.
Associated British Foods Plc (ABF LN): The owner of the Primark discount fashion chain said sales from continuing operations rose 19 percent in the year to date. The shares slipped 3 pence, or 0.4 percent to 765 pence.
Barratt Developments Plc (BDEV LN): The biggest U.K. homebuilder said it has begun to start building on new developments following signs the housing market is stabilizing. The shares fell 5.5 pence, 3.4 percent, to 154.5.
Hays Plc (HAS LN): The U.K.’s largest recruitment agency said fourth-quarter net fees fell 40 percent on a like-for-like basis as the company faced “another tough quarter” with continued reductions in demand across all of the 28 countries in which it operates. Shares dropped 0.75 pence, or 0.9 percent, to 81 pence.
JJB Sports Plc (JJB LN): The sports retailer will seek shareholder support for a change in rules that permit conflicts of interest where they are in the company’s broader interests, the Financial Times reported, without saying where it got the information. The shares fell 2.75 pence, or 11 percent, to 21.75 pence.
Man Group Plc (EMG LN): The largest traded hedge fund manager said funds under management declined to $43.3 billion at the end of June from $46.8 billion at the end of March. The shares were down 6.75 pence, or 2.7 percent, to 239.25 pence.
Marks & Spencer Group Plc (MKS LN): The U.K.’s biggest clothing retailer and Home Retail Group Plc were raised to “buy” at Citigroup Inc., which cited a “rapid improvement in consumer cashflow prospects.” Marks & Spencer shares slid 2 pence, or 0.7 percent, to 306.25. Home Retail lost 1.75 pence, or 0.7 percent, to 260.
PartyGaming Plc (PRTY LN): The owner of the PartyPoker.com online-gambling brand said sales remained “robust” since April 6 and are “in line” with the first quarter of 2009. The shares fell 4.25 pence, or 1.7 percent, to 240.5 pence.
Premier Oil Plc (PMO LN): The U.K. explorer with projects in Europe, Asia and Africa said production rose to 39,700 barrels of oil equivalent a day in the first half of this year from 38,000 barrels a day in the year-earlier period. The company’s shares declined 27 pence, or 2.6 percent to 1,026 pence.
Redrow Plc (RDW LN): The U.K. homebuilder said its full- year results are set to be at the lower end of analysts’ estimates. The company said net debt at June 30 was 215 million pounds, below its 225 million-pound target. The shares fell 0.75 pence, or 0.4 percent, to 212.5 pence.
Xstrata Plc (XTA LN): The world’s biggest ferrochrome producer’s offer to combine with Anglo American Plc (AAL LN) may collapse as all of Anglo’s leading institutional shareholders are understood to have turned down the nil-premium merger of equals, the London-based Times reported, citing unnamed shareholders. Anglo’s shares fell 0.64 pence, or 3.9 percent, to 1,563.5 pence. Xstrata shares fell 22.9 pence, or 3.8 percent, to 587.1 pence.
To contact the reporters responsible for this story: Charlie Duxbury in London cduxbury@bloomberg.net; Adam Haigh in London at ahaigh1@bloomberg.net
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