Bloomberg News

Allied Irish, BP, Man Group, Rio: U.K., Irish Equity Preview

June 17, 2011

June 17 (Bloomberg) -- The following is a list of companies that may have unusual share-price changes in U.K. and Irish markets. Stock symbols are in parentheses and prices are from the last market close.

Futures on the benchmark FTSE 100 Index retreated 0.6 percent to 5,668.5 at 7:53 a.m. in London. The FTSE 100 yesterday dropped 43.74, or 0.8 percent, to 5,698.81. The FTSE All-Share Index fell 0.8 percent to 2,977.47, while Ireland’s ISEQ Index declined 0.8 percent to 2,864.89.

Allied Irish Banks Plc (ALBK ID): The Dublin-based, government-controlled lender said resolutions to buy 868.25 million pounds ($1.4 billion) of its notes for cash failed to pass at a meeting. The stock plunged 6.3 percent to 15 euro cents.

BP Plc (BP/ LN): BP and Chevron Corp. hold leases in the Gulf of Mexico that the Obama administration plans to extend by 12 months, the Bureau of Ocean Energy Management, Regulation and Enforcement said. The stock dropped 0.4 percent to 433.9 pence.

Man Group Plc (EMG LN): The London-based hedge fund manager named a pair of executives, Lance Donenberg and Jordan Allen, from its hedge-fund subsidiaries, as co-chief operating officers for the company’s U.S. business. The shares fell 1.4 percent to 229.3 pence.

Rio Tinto Group (RIO LN): Tata Steel Ltd. agreed to sell its stake in Australia’s Riversdale Mining Ltd. to Rio Tinto for A$1.06 billion ($1.12 billion.). The deal takes Rio’s stake in Riversdale to 99.47 percent. The shares slid 0.8 percent to 4,080 pence.

--Editor: Will Hadfield

To contact the reporters on this story: Blanche Gatt in London at bgatt@bloomberg.net; Sarah Jones in London at sjones35@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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