BSkyB, Hargreaves Services, Tesco: 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. Stock symbols are in parentheses and prices are from the last market close.

The benchmark FTSE 100 Index (UKX) rose 38.45, or 0.7 percent, to 5,202.13. The FTSE All-Share Index (ASX) climbed 0.8 percent and Ireland’s ISEQ Index (ISEQ) advanced 0.3 percent.

Bellway Plc (BWY) : The homebuilder said its sales rate for the 18 weeks through June 15 was “broadly comparable” with last year’s performance. The shares declined 0.9 percent to 635 pence.

BP Plc (BP/) : The oil company has hired three advisors including Blackstone Group LP and Goldman Sachs Group Inc., to stop a potential hostile takeover, Fox Business Network reported, citing people familiar with the situation that it didn’t identify. The stock fell 9.3 percent to 355.45 pence.

British Sky Broadcasting Plc (BSY) : News Corp. says it approached the board of BSkyB with an offer for the pay-TV company at 700 pence per share in cash. The independent directors of BSkyB said the proposal “significantly” undervalues the company. The stock advanced 2.4 percent to 600.5 pence.

Hargreaves Services Plc (HSP) : The company said it expects overall full-year results to be in line with management forecasts. The stock increased 1 percent to 635 pence.

Healthcare Locums Plc (HLO LN): The company said that all discussions about a possible takeover offer have ceased. The stock sank 4 percent to 217.5 pence.

Photo-Me International Plc (PHTM) : The company said its pretax profit excluding one-time items will exceed current market estimates of about 10.5 million pounds ($15 million) for the year ended April 30 by about 20 percent. The stock was unchanged at 30 pence.

Spice Plc (SPI) : Cinven Ltd. confirmed it is considering an offer for Spice and said it made an approach on May 24. Spice rejected the bid of 56 pence a share. Talks are not taking place between the companies, Cinven said. Spice shares jumped 7 percent to 49.75 pence.

Ted Baker Plc (TED) : The clothing company that dressed James Bond actor Daniel Craig in “Casino Royale” said sales rose 18 percent in the 19 weeks ended June 12 compared with the same period a year earlier. Gross margin was “in line with expectations,” the company said. The shares rose 0.2 percent to 506 pence.

Tesco Plc (TSCO) : The U.K.’s largest supermarket chain said domestic revenue barely grew in the first quarter as inflation eased and shoppers balked at the prospect of higher taxes. Sales at U.K. stores open at least a year rose 0.1 percent, excluding gasoline and value-added tax, in the 13 weeks ended May 30, the retailer said. That was less than the 2.7 percent growth the company reported for the second half of the previous year and missed the 0.4 percent median estimate of six analysts surveyed by Bloomberg News. The stock fell 0.7 percent to 391.65 pence.

To contact the reporter on this story: Ben Martin in London bmartin38@bloomberg.net.

To contact the editor responsible for this story: Ben Livesey at blivesey@bloomberg.net.

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