AB Foods, BA, Experian Resolution: U.K., Irish Equity Preview

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 (UKX) fell 31.49, or 0.8 percent, to 4,127.17. The FTSE All-Share Index (ASX) declined 0.7 percent, and Ireland’s ISEQ Index (ISEQ) retreated 2.4 percent.

Associated British Foods Plc (ABF) : The maker of Silver Spoon sugar was cut to “sell” from “hold” at Royal Bank of Scotland Group Plc. The shares added 11 pence, or 1.4 percent, to 774.

British Airways Plc (BAY LN): Chief Executive Officer Willie Walsh has secured backing from some investors for a share sale to boost the company’s finances, the Observer reported, citing an unidentified fund manager.

Separately, the airline is prepared to improve the terms of a proposed merger with Iberia Lineas Aereas de Espana SA, and is willing to consider a 50-50 share swap ratio, El Economista reported today, citing people it didn’t name. The shares were little changed at 120 pence.

Cranswick Plc (CWK) : The foodmaker that holds Weight Watchers’ U.K. sausage license said first-quarter sales from continuing operations rose 11 percent to 167 million pounds and net debt fell to 64 million pounds. The shares fell 6.5 pence, or 1.1 percent, to 603.5 pence.

Experian Plc (EXPN) : The world’s largest credit-checking company said so-called organic revenue rose 1 percent in the first quarter of its fiscal year, compared with the year-earlier period. The shares fell 1 penny, or 0.2 percent, to 449.25 pence.

GlaxoSmithKline Plc (GSK) : The U.K.’s biggest drugmaker’s diabetes drug Avandia failed to benefit patients with Alzheimer’s disease, according to a company-funded study. The stock fell 13.5 pence, or 1.2 percent, to 1,085.5 pence.

Henderson Group Plc (HGG) : The U.K. money manager will tell investors this week it is ready to pursue new acquisitions two months after completing the takeover of New Star Asset Management Group Plc, the London-based Times reported. The stock fell 0.5 pence, or 0.6 percent, to 89 pence.

JJB Sports Plc (JJB LN): Chairman David Jones repaid a 1.5 million-pound personal loan to Mike Ashley, founder of rival U.K. retailer Sports Direct International, the Sunday Telegraph said, citing an interview with Jones. The shares fell 2.25 pence, or 11 percent, to 18.75 pence.

Lloyds Banking Group Plc (LLOY) : Britain’s biggest mortgage lender may announce further losses of as much as 13 billion pounds, the Sunday Times reported, without saying where it got the information. Separately the bank may close its Irish retail-banking unit, the Sunday Tribune reported, without saying where it got the information. The shares were unchanged at 63.3 pence.

Qinetiq Group Plc (QQ/) : The military research company split off from the U.K. defense ministry in 2006 reached an agreement on talks with trade union Prospect to avert a pay dispute, the Sunday Telegraph said, citing an e-mail from the union to its members. The stock fell 2 pence, or 1.4 percent, to 137 pence.

Resolution Ltd. (RSL LN): The buyout company started by insurance entrepreneur Clive Cowdery said Friends Provident Plc rebuffed its takeover approach. The stock rose 1.75 pence, or 2 percent, to 90.25 pence.

Spice Plc (SPI) : The U.K.’s biggest reader of water meters posted increased full-year net income and said it’s confidence of future prospects even as the wider economic environment may remain “challenging.” The shares fell 4.25 pence, or 5.8 percent, to 68.75 pence.

Xstrata Plc (XTA LN): The world’s biggest ferrochrome producer may offer a cash payment of as much as 5 billion pounds to convince investors in Anglo American Plc (AAL) to consider its merger proposal, the Observer said, citing unidentified people in the City of London. The shares fell 12.8 pence, or 2.1 percent, to 597 pence.

To contact the reporter on this story: Jonathan Browning in London jbrowning9@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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