Bloomberg News

Cable & Wireless, Vodafone May Move: U.K., Irish Equity Preview

July 22, 2011

July 22 (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 climbed 0.6 percent to 5,906.5 at 7:50 a.m. in London. The FTSE 100 Index rose 46.07, or 0.8 percent, to 5,899.89 yesterday. The FTSE All-Share Index rose 0.7 percent to 3,068.36, while Ireland’s ISEQ Index advanced 0.6 percent to 2,886.51.

Cable & Wireless Communications Plc (CWC LN): The telecommunications company with operations in Panama and the Caribbean said trading was satisfactory in the three months through June, and that the restructuring of the Bahamas had progressed well. The shares rose 0.7 percent to 38.1 pence.

Close Brothers Group Plc (CBG LN): The merchant banker said its loan book had grown 7 percent in the five months through June. Close Brothers also said its net-interest margin “remained strong” and that its bad-debt ratio had fallen. The shares rose 2.2 percent to 771.5 pence.

United Utilities Group Plc (UU/ LN): The British water company said trading met its expectations. The shares fell 0.1 percent to 584 pence.

Vodafone Plc (VOD LN): Europe’s third-largest phone company by sales reported better-than-expected service revenue growth for its fiscal first quarter. Service revenue rose 1.5 percent in the three months through June. That beat the 1.4 percent predicted by analysts in a Bloomberg survey. The shares rose 0.6 percent to 161.3 pence.

--Editor: Will Hadfield

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


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