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Cable & Wireless, Lloyds TSB, DCC: U.K., Irish Equity Preview

By Howard Mustoe and Sarah Thompson

Nov. 10 (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 advanced 92.55, or 2.2 percent, to 4,364.96. The FTSE All-Share Index rose 2 percent, and Ireland's ISEQ Index climbed 1 percent.

U.K. companies:

Cable & Wireless Plc (CW/ LN): The U.K.'s second-biggest phone company raised the full-year forecast for operating profit as the company's international business had ``one of its best results in a long time.'' Cable & Wireless advanced 6.7 pence, or 5 percent, to 134.7 pence.

Hiscox Ltd. (HSX LN): The Lloyd's of London insurer said premium revenue fell 8.3 percent in first nine months of the year as international policy rates decreased. The stock slid 0.5 pence, or 0.2 percent, to 283.

HSBC Holdings Plc (HSBA LN): Europe's biggest bank is expected to announce it wrote down more than $3.5 billion against bad U.S. loans in the third quarter, the Observer newspaper reported, citing Ian Gordon, a BNP Paribas SA banking analyst in London. HSBC rose 3 pence, or 0.4 percent, to 746.5 pence.

Inmarsat Plc (ISAT LN): The U.K. satellite company that provides communications services said third-quarter profit rose on growth across all business lines. The shares added 1 pence, or 0.3 percent, to 394.75.

JKX Oil & Gas Plc (JKX LN): The U.K. energy exploration company connected its gas production in Ukraine to the Soyuz pipeline, removing constraints on supplies. The stock added 6.75 pence, or 3.8 percent, to 183.75.

Lloyds TSB Group Plc (LLOY LN): The U.K. bank that agreed to buy HBOS Plc in a government-backed rescue has given HBOS a loan facility of 10 billion pounds ($16 billion) to help it with wholesale-funding needs, the Sunday Times reported, without saying where it got the information. Lloyds rose 12.9 pence, or 7 percent, to 200.5 pence.

Majestic Wine Plc (MJW LN): The owner of the U.K.'s largest chain of wine warehouses said first-half profit fell 23 percent on lower Champagne sales and as revenue in France declined. The shares slid 16.75 pence, or 10.2 percent, to 148.

Rio Tinto Group (RIO LN): The world's second-biggest exporter of iron ore may establish joint ventures with companies backed by the Chinese government, the Guardian reported, citing Chief Executive Officer Tom Albanese. Rio advanced 112 pence, or 4 percent, to 2618 pence.

Taylor Wimpey Plc (TW/ LN): TDR Capital LLP, a private equity firm, may inject cash into U.K. homebuilder Taylor Wimpey in exchange for shares, the Mail on Sunday reported, without saying where it got the information. Taylor Wimpey advanced 0.5 penny, or 4 percent, to 14 pence.

TUI Travel Plc (TT/ LN): Europe's largest tour operator, will prepare for a slowing economy by scaling down its capacity in Germany and raising prices, Reuters reported. TUI advanced 10.2 pence, or 5 percent, to 196.1 pence.

Vodafone Group Plc (VOD LN): The world's biggest mobile- phone company may announce plans this week to cut costs by about 1 billion pounds ($1.6 billion) as sales growth weakens, the Sunday Times reported, citing analysts. Vodafone declined 1.2 pence, or 1 percent, to 106.7 pence.

Irish companies:

DCC Plc (DCC ID): The Irish distributor of goods from computer games to fuel reported a first-half profit without year-earlier costs for a legal battle with fruit distributor Fyffes Plc. DCC fell 24 cents, or 2 percent, to 12.46 euros.

To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net. Sarah Thompson in London at sthompson17@bloomberg.net.

Last Updated: November 10, 2008 02:30 EST

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