Economic Calendar

Tuesday, September 1, 2009

AstraZeneca, BAE Systems, Lloyds: U.K., Irish Equity Preview

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By Ben Martin and David Merritt

Sept. 1 (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 39.55, or 0.8 percent, to 4,908.9. The FTSE All-Share Index rose 0.9 percent and Ireland’s ISEQ Index fell 0.6 percent.

AstraZeneca Plc (AZN LN): The U.K.’s second-largest drugmaker’s experimental clot-fighting drug Brilinta prevented 16 percent more heart attacks, strokes and deaths than standard therapy with Sanofi-Aventis SA’s and Bristol-Myers Squibb Co.’s Plavix in a study. The stock fell 29 pence, or 1 percent, to 2,840 pence.

BAE Systems Plc (BA/ LN): Europe’s biggest defense company is seeking to export as many as 300 Eurofighter Typhoon jet planes, the Sunday Telegraph reported, without saying where it obtained the information. The stock climbed 6.2 pence, or 2 percent, to 312.2 pence.

BT Group Plc (BT/A LN): The chief executive officer of the U.K.’s largest phone company’s U.K. Global Services unit, Royston Hoggarth, left the company, the Sunday Telegraph reported. The stock rose 1.8 pence, or 1.3 percent, to 138.4 pence.

Cairn Energy Plc (CNE LN): Cairn India Ltd., a unit of the U.K.-based explorer, started producing crude oil from its biggest field in Rajasthan state. The stock rose 37 pence, or 1.5 percent, to 2507 pence.

Dechra Pharmaceuticals Plc (DPH LN): The veterinary drugs and services company is scheduled to report earnings. The shares rose 12.4 pence, or 3 percent, to 428.8 pence.

Gulfsands Petroleum Plc (GPX LN): Sinochem Corp., China’s state-owned chemicals trader, is in talks to acquire Gulfsands Petroleum Plc, a U.K. explorer with operations in the Middle East and the U.S., the Sunday Mail reported. The stock rose 1 pence, or 0.4 percent, to 230 pence.

ITV Plc (ITV LN): The U.K.’s biggest commercial broadcaster is considering former British Sky Broadcasting Group Plc Chief Executive Officer Tony Ball for the position of CEO, the Financial Times reported, citing people familiar with the process. The shares rose 1.7 pence, or 3.6 percent, to 48.73 pence.

Lloyds Banking Group Plc (LLOY LN): The U.K.’s biggest mortgage lender has agreed to a one billion-pound deal with the U.K. government to guarantee half the risk on a portfolio of its existing short-term loans to companies in return for Lloyds agreeing to more business lending, the FT said. The bank’s Halifax unit plans to review its licensing of 300 outlets in the offices of real-estate agents, lawyers and financial consultants, after agreeing to shut 26 of the independent bank counters. Lloyds also offered to sell the Scottish branches of Lloyds TSB and the Cheltenham & Gloucester Plc network, the Sunday Times reported. The stock rose 6.64 pence, or 6.3 percent, to 111.34 pence.

National Express Group Plc (NEX LN): The U.K. travel company whose East Coast rail franchise is being taken over by the government plans to hold a smaller-than-expected rights offer to raise 300 million pounds within three weeks, the Sunday Times reported, without saying where it got the information. The stock fell 10.2 pence, or 2.5 percent, to 398.4 pence.

Royal Dutch Shell Plc (RDSA LN): Europe’s largest oil company began construction of its first lubricants plant in Russia. The stock climbed 18.5 pence, or 1.1 percent, to 1711 pence.

Safestore Holdings Plc (SAFE LN): The U.K.’s largest self- storage operator will report third-quarter earnings. The stock jumped 10 pence, or 8.3 percent, to 131 pence.

Songbird Estates Plc (SBDB LN): Qatar plans to increase its stake in Songbird Estates, Canary Wharf’s biggest landlord, to almost 30 percent, two people familiar with the transaction said. The stock fell 0.25 pence, or 0.7 percent, to 33.5 pence.

Stagecoach Group Plc (SGC LN): The U.K.’s biggest rail franchise is considering a bid for National Express Group Plc, the Times of London reported, citing unidentified people close to National Express. The stock fell 2 pence, or 1.5 percent, to 134.8 pence.

RSA Insurance Group Plc (RSA LN): The U.K.’s biggest non- life insurer is considering a rights offer to raise $1 billion, the Sunday Telegraph said, citing unidentified people close to the company, the newspaper said. The stock rose 1 pence, or 0.8 percent, to 130.6 pence.

Yell Group Plc (YELL LN): The publisher of the U.K.’s Yellow Pages phone directory is planning a 350 million-pound rights offering to help reduce its 3.8 billion pounds of debt, the Sunday Independent reported, without saying where it got the information. The stock jumped 5.5 pence, or 13.6 percent, to 46 pence.

To contact the reporters on this story: Ben Martin in London bmartin38@bloomberg.net; David Merritt at dmerritt1@bloomberg.net.




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