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BAE, BT Group, Kazakhmys, Shell, Virgin Media: 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 fell 45.99, or 0.9 percent, to 5,319.68. The FTSE All-Share Index declined 0.9 percent and Ireland’s ISEQ Index fell 1.1 percent.
AstraZeneca Plc (AZN LN): The U.K.’s second-largest drugmaker reported second-quarter earnings that beat analyst estimates, helped by sales of the Crestor cholesterol pill and Seroquel antipsychotic.
Separately, AstraZeneca won a U.S. panel’s backing to sell its experimental blood-thinner Brilinta as a competitor to Plavix, the world’s second-biggest drug. The shares advanced 0.4 percent to 3,202.5 pence.
BAE Systems Plc (BA/ LN): Europe’s largest defense company posted first-half net income of 618 million pounds ($965.5 million), or 17.7 pence a share, compared with a loss of 82 million pounds, or 2.3 pence, a year earlier. Analysts had predicted a 650.3 million-pound-profit. The stock declined 0.5 percent to 317 pence.
British Sky Broadcasting Group Plc (BSY LN): The U.K.’s biggest pay-TV operator said full-year adjusted operating profit rose 10 percent to 855 million pounds. The shares advanced 1.3 percent to 720 pence.
BT Group Plc (BT/A LN): Britain’s biggest fixed-line phone company said it had first-quarter revenue of 5.01 billion pounds. The stock fell 1.1 percent to 139.9 pence.
Dana Petroleum Plc (DNX LN): Chief Executive Officer Thomas Cross hasn’t persuaded shareholders to wait for an offer better than the 1,800-pence-a-share proposed by Korea National Oil Corp., the Wall Street Journal reported, citing people familiar with the matter. The shares rose 0.5 percent to 1,716 pence.
Reed Elsevier Plc (REL LN): The publisher of Variety magazine said first-half revenue fell 2 percent to 2.99 billion pounds. The shares climbed less than 0.1 percent to 532 pence.
Rolls-Royce Group Plc (RR/ LN): The world’s second-biggest engine maker reported a loss of 334 million pounds for the first half compared with a profit of 1.86 billion pounds a year earlier. The stock fell 1 percent to 587.5 pence.
Royal Dutch Shell Plc (RDSA LN): Europe’s largest oil company said second-quarter profit rose 15 percent to $4.4 billion. The shares fell 1.9 percent to 1,787 pence.
Virgin Media Inc. (VMED LN): The U.K.’s second-largest pay- television company had its corporate family and probability-of- default ratings raised to Ba2 from Ba3 by Moody’s Investors Service. The stock advanced 2.5 percent to 1,278 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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