April 10 (Bloomberg) -- The following stocks may rise or fall
in U.K. and Irish markets today. Stock symbols are in parentheses
and prices are from the April 7 close.
The FTSE 100 Index lost 19.6, or 0.3 percent, to 6026.1 i1 n
London. The FTSE All-Share Index declined 0.3 percent to 3078.24.
Ireland's ISEQ Overall Index slid 0.9 percent to 7919.22.
U.K. Companies:
BAE Systems Plc (BA/ LN): Investors in Europe's largest
defense contractor may receive a cash payout following the
company's expected 3 billion-pound sale of its 20 percent stake in
Airbus SAS, the Sunday Times reported, citing unidentified people
at BAE. The shares advanced 4.5 pence, or 1 percent, to 435.5
pence.
Barclays Plc (BARC LN): The U.K.'s third-biggest bank will
invest as much as 375 million pounds in its wealth management
division over the next three years, the Financial Times said,
citing an interview with division Chief Executive Officer Thomas
Kalaris. The shares increased 15 pence, or 2.2 percent, to 701
pence.
BHP Billiton (BLT LN): The world's biggest mining company's
workers at a Canadian diamond mine went on strike yesterday in a
dispute over seniority and contracting, the Canadian Press said.
The shares fell 23.5 pence, or 2.1 percent, to 1,119.5 pence.
British Airways Plc (BAY LN): Europe's third-largest airline
has ruled out expanding its fleet until it has resolved a deficit
in its pension fund, the Observer reported, citing the company. The
shares fell 3.25 pence, or 0.9 percent, to 347.5 pence.
Carphone Warehouse Group Plc (CPW LN): Europe's largest
mobile-phone retailer may step up efforts to lure residential
phone-line customers away from competitors including BT Group Plc
by offering free high-speed Internet access under an ``Independence
Day'' marketing campaign in July, the Sunday Times said, without
citing anybody. The shares slipped 2.5 pence, or 0.8 percent, to
306.75 pence.
Charles Taylor Consulting Plc (CTR LN): The company that
advises on disaster risks such as plane crashes and oil-rig fires
is scheduled to report full-year earnings. Full-year revenue is in
line with forecasts, Charles Taylor said in a Feb. 7 statement. The
shares were unchanged at 359.5 pence.
Compass Group Plc (CPG LN): The world's largest caterer agreed
to sell its travel-services business to investors led by Sweden's
billionaire Wallenberg family and Macquarie Bank Ltd. for 1.82
billion pounds, more than analysts had expected. The shares dropped
1 pence, or 0.4 percent, to 229.5 pence.
GlaxoSmithKline Plc (GSK LN): The U.S. Food and Drug
Administration told the world's second-biggest drugmaker that
regulators aren't ready to allow the company's orlistat diet pill
to be sold without a doctor's prescription. The shares slid 2
pence, or 0.1 percent, to 1,477 pence.
London Stock Exchange Plc (LSE LN): Europe's largest bourse by
value of companies listed and Paris-based Euronext NV have held
secret talks about a nil-premium all-shares `merger of equals' to
create a company worth about 6 billion pounds, the Observer
reported. Shares of LSE declined 8.5 pence, or 0.8 percent, to
1036.5 pence.
Mitchells & Butlers Plc (MAB LN): R20 Ltd, a bid vehicle owned
by U.K. real estate investor Robert Tchenguiz, must bid for the pub
operator by May 8 or withdraw, the U.K.'s Panel on Takeovers and
Mergers said. The shares increased 4.5 pence, or 0.9 percent, to
486 pence.
Mulberry Group Plc (MUL LN): The British luxury leather-goods
maker plans to open new stores in the U.S. and Asia, the Financial
Times said, citing Chief Executive Officer Godfrey Davis. The
shares rose 5 pence, or 2.5 percent, to 207.5 pence.
The Royal Bank of Scotland Group Plc (RBS LN): Veolia
Environnement SA, the world's biggest water company, will soon say
it has sold a 25 percent stake in Southern Water Plc to Britain's
second-largest lender in an agreement worth between 200 million
pounds and 300 million pounds, the Financial Times said, citing an
unidentified industry source. The shares declined 9 pence, or 0.5
percent, to 1,845 pence.
J Sainsbury Plc (SBRY LN): The U.K. food retailer plans to
install screens showing advertisements in its stores to boost
sales, the Independent said. The shares slid 0.25 pence, or 0.1
percent, to 336 pence.
Severfield-Rowen Plc (SFR LN): The U.K.'s largest structural
steel fabricator that's helping to expand London's Heathrow airport
is scheduled to report full-year earnings. Full-year earnings will
be ``significantly'' ahead of analyst estimates, the company said
in a Nov. 4 statement. The shares rose 31 pence, or 2.8 percent, to
1,132 pence.
Vodafone Group Plc (VOD LN): The world's largest mobile phone
company will soon award an outsourcing contract that could save the
company 300 million pounds and lead to job cuts, the Financial
Times said, without saying where it obtained the information. The
shares added 1.5 pence, or 1.2 percent, to 125.75 pence.
3i Group Plc (III LN): FL Group Hf, an Icelandic investment
group, is in talks to buy drinks-maker Refresco for 500 million
euros ($606 million) from 3i, which paid 240 million euros for the
business in 2003, the Guardian said. Shares of 3i fell 9 pence, or
1 percent, to 926 pence.
Irish Companies:
Eircom Group Plc (ERU ID): Babcock & Brown Capital Ltd., the
Australian fund that's in talks with Ireland's biggest telephone
company about a possible takeover, will bid 2.25 euros a share for
the Irish phone company this week, the Sunday Independent reported
without citing anyone. Shares of Eircom slid 1 cent, or 0.5
percent, to 2.12 euros.
To contact the reporter on this story:
Aisha Phoenix in London at
aphoenix@bloomberg.net .