Investec, Mothercare, National Grid, SABMiller: 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 fell 149.26, or 2.8 percent, to 5,158.08. The FTSE All-Share Index declined 2.8 percent and Ireland’s ISEQ Index fell 4.2 percent.

Booker Group Plc (BOK LN): The biggest U.K. food wholesaler said full-year pretax profit advanced to 57.2 million pounds ($82 million) in the year to March 26 from 47.2 million pounds the year earlier. The shares declined 3.5 percent to 39.2 pence.

British Land Co. (BLND LN): The U.K.’s second-largest estate investment trust was upgraded to “buy” from “neutral” at UBS AG. The shares lost 1.4 percent to 445.5 pence.

Grainger Plc (GRI LN): The residential property company reported a pretax profit of 3.5 million pounds for the six months ended March 31, compared with a pretax loss of 143 million pounds a year earlier. The stock fell 5.7 percent to 115 pence.

Great Portland Estates Plc (GPOR LN): The property developer focused on London’s West End said full-year net income was 156.4 million pounds compared with a year-earlier loss of 436.1 million pounds. Separately, it said will form a joint venture with Starwood Capital Group Global to buy an office building in London for 94 million pounds. The shares declined 0.7 percent to 298 pence.

Intec Telecom Systems Plc (ITL LN): The U.K. telecommunications-billing software company said first-half pretax profit fell 41 percent, to 5.1 million pounds from 8.6 million pounds. The stock advanced 0.9 percent to 56.5 pence.

Investec Plc (INVP LN): The South African investment and private bank said full-year net income rose to 346.1 million pounds compared with 292 million pounds a year earlier. The shares fell 3.5 percent to 487.1 pence.

London Mining Plc (LOND LN): The developer of iron ore deposits reported a resource-base upgrade at its Marampa project to more than 400 million tons of ore. The stock fell 0.7 percent to 217 pence.

Kazakhmys Plc (KAZ LN): Kazakhstan’s biggest copper miner was downgraded to “underperform” from “buy” at BofA Merrill Lynch Global Research. The shares tumbled 6.7 percent to 1,138 pence.

Marston’s Plc (MARS LN): The owner of the Pitcher & Piano pub chain said net income in the first half of the fiscal year rose to 20.7 million pounds. The shares declined 1.4 percent to 98 pence.

Mirland Development Corp. (MLD LN): The property company said it had total assets of $641.4 million on March 31 and it is “well placed” to benefit from the improving market. The stock declined 3.1 percent to 217.5 pence.

Mothercare Plc (MTC LN): The U.K.’s largest specialist retailer of baby products said full-year net income was 23.6 million pounds. The shares fell 2.8 percent to 547 pence.

National Grid Plc (NG/ LN): The owner of utilities in the U.S. and U.K. said it will raise 3.2 billion pounds through a rights offer to fund capital investment. The company said full- year pretax profit rose to 2.2 billion pounds. The stock declined 1.4 percent to 620 pence.

Rio Tinto Group (RIO LN): The world’s third-biggest miner was downgraded to “neutral” from “buy” from BofA Merrill Lynch Global Research and was removed from its “Europe 1” list. The shares slid 6.7 percent to 2,984.5 pence.

SABMiller Plc (SAB LN): The world’s second-biggest brewer by volume said full-year operating profit fell 1.7 percent to $3.09 billion, excluding one-time charges. That missed the $3.41 billion average estimate of 12 analysts. The shares fell 2 percent to 2,035 pence.

Shanks Group Plc (SKS LN): The U.K. waste-disposal company said full-year net income rose to 37.6 million pounds from 6.4 million pounds a year earlier. The stock declined 2.5 percent to 94.5 pence.

Vedanta Resources Plc (VED LN): The mining company was downgraded to “underperform” from “buy” at BofA Merrill Lynch. The shares fell 6.1 percent to 2,201 pence.

Xstrata Plc (XTA LN): The world’s fourth-largest copper producer was downgraded to “neutral” from “buy” at BofA Merrill Lynch. The shares plummeted 7.5 percent to 933.7 pence.

To contact the reporters on this story: Ben Martin in London bmartin38@bloomberg.net; Adam Ewing in Stockholm at aewing5@bloomberg.net.

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