Bloomberg News

BSkyB, GlaxoSmithKline, ICAP, SIG: U.K., Irish Equity Preview

July 08, 2011

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.

The FTSE 100 Index rose 51.63 points, or 0.9 percent, to 6,054.55. The FTSE All-Share Index gained 0.8 percent to 3,154.10, while Ireland’s ISEQ Index advanced 0.3 percent to 2,968.17.

British Sky Broadcasting (BSY) Group Plc: News Corp., which is attempting to acquire the stake in the U.K. broadcaster that it doesn’t already own, said it will close the News of the World newspaper after allegations that its journalists tapped the voice mails of murder victims. The stock fell 1.8 percent to 812 pence.

GlaxoSmithKline Plc (GSK LN): The U.K.’s biggest drugmaker said proposals to cut costs and transfer part of its Panadol production from Ireland to Spain will result in a loss of 130 jobs at its south-east Ireland plant. The stock gained 0.5 percent to 1,366.5 pence.

ICAP Plc (IAP) : Principal Global Investors LLC agreed to pay $66 million for Origin Asset Management LLP, a money manager backed by ICAP founder Michael Spencer. The stock advanced 2.1 percent to 490.6 pence.

SIG (SHI) Plc: The construction-materials supplier said growth will slow in the second half because of a weak housing market in the U.K. The shares rose 1.8 percent to 145.2 pence.

Trinity Mirror (TNI) Plc: The newspaper publisher, whose Sunday Mirror title competes with the News of the World, was upgraded to “buy” from “hold” at Deutsche Bank AG. The shares fell 2.5 percent to 48 pence.

To contact the reporter on this story: Conor Sullivan in London at csullivan39@bloomberg.net

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


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus