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Aegis, Grafton, Independent News: U.K., Irish Equity Preview

By Morwenna Coniam and David Merritt

Aug. 28 (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 fell 21.23, or 0.4 percent, to 4,869.35. The FTSE All-Share Index dropped 0.5 percent and Ireland’s ISEQ Index advanced 1.7 percent.

Aegis Group Plc (AGS LN): The world’s largest independent buyer of advertising space said first-half sales rose to 636.7 million pounds ($1.04 billion) from 607.6 million pounds a year earlier. Revenue had been predicted at 625.1 million pounds, according to the average estimate of seven analysts surveyed by Bloomberg. The shares declined 0.25 pence, or 0.3 percent, to 98.1 pence.

Aer Lingus Group Plc (AERL ID): The Irish carrier expects Ryanair Holdings Plc to continue to pursue a takeover of the company, the New York Times reported, citing Chief Financial Officer Sean Coyle. The stock slipped 0.3 cents, or 0.6 percent, to 50 cents.

Dana Petroleum Plc (DNX LN): The explorer in the North Sea and Egypt said first-half sales were 165.1 million pounds. The stock fell 28 pence, or 1.9 percent, to 1,462 pence.

Davis Service Group Plc (DVSG LN): The owner of Sunlight linen hire said first-half net income fell to 20.4 million pounds from 21.8 million pounds a year earlier. The stock dropped 5.2 pence, or 1.3 percent, to 382.8 pence.

Grafton Group Plc (GN5 ID): Ireland’s largest supplier of building material said the intensity of the downturn in its markets has moderated and there have been “more stable” sales levels in recent months. The stock rose 11 cents, or 3.4 percent, to 3.31 euros.

Heritage Oil Plc (HOIL LN): The U.K. explorer buying Turkey’s Genel Energy International Ltd. said its first-half net loss narrowed to $12.8 million from a year-earlier $16.5 million. The stock fell 4 pence, or 0.7 percent, to 538 pence.

Independent News & Media Plc (INM ID): The publisher of the Independent newspaper posted a first-half loss after tax of 34.7 million euros and said full-year operating profit before one- time items will be at the lower end of previous guidance. The stock rose 0.9 cent, or 3.2 percent, to 28.7 cents.

Johnston Press Plc (JPR LN): The Edinburgh-based publisher said first-half sales fell to 218.6 million pounds from 293.1 million pounds a year earlier. The stock fell 3 pence, or 8 percent, to 34.75 pence.

Lloyds Banking Group Plc (LLOY LN): The U.K.’s biggest mortgage lender’s Chief Executive Officer Eric Daniels and other members of the bank’s board are under pressure as it weighs raising funds to help cut its exposure to the U.K.’s asset protection plan, the London-based Times reported, without attribution. The stock declined 3.77 pence, or 3.5 percent, to 104.7 pence.

PartyGaming Plc (PRTY LN): The owner of the PartyPoker.com site reported a first-half loss of $66.9 million compared with a $22.7 million profit as revenue declined. The stock fell 4.5 pence, or 1.7 percent, to 266 pence.

National Express Group Plc (NEX LN): Shareholders in Britain’s biggest long-distance coach operator have indicated they will not back a revised takeover offer from a group comprising CVC Capital Partners Ltd. and the Cosmen family and will continue to back the company’s plan for a rights offering, the Financial Times reported, citing several large unidentified investors. The stock increased 8.6 pence, or 2.2 percent, to 408.6 pence.

UK Coal Plc (UKC LN): The U.K.’s largest coal producer is reviewing its financial structure amid talks with banks to renew its debt facilities as it seeks to put itself on a more stable footing, The Financial Times reported. The stock fell 4.5 pence, or 3.5 percent, to 122.5 pence.

To contact the reporters on this story: Morwenna Coniam in London at mconiam@bloomberg.net.

Last Updated: August 28, 2009 02:53 EDT

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