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Allied Irish, BA, BP, Cookson Group, EasyJet: 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 0.63, or less than 0.1 percent, to 5,396.48 in London. The FTSE All-Share Index declined less than 0.1 percent and Ireland’s ISEQ Index fell less than 0.1 percent.
Allied Irish Banks Plc (ALBK ID): Ireland’s second-biggest lender by market value said its first-half net loss widened as its bad debts rose. The shares rose 1.5 percent to 99 euro cents.
BP Plc (BP/ LN) The oil company, which is seeking to raise funds to pay for the Gulf of Mexico oil spill, hasn’t asked for permission to sell assets in Venezuela. It would need the government’s authorization to sell the assets, said Rafael Ramirez, president of Petroleos de Venezuela SA, the state-owned oil company. BP’s stock advanced 0.6 percent to 415.65 pence.
British Airways Plc (BAY LN): Europe’s third-largest carrier by sales was rated new “overweight” at Barclays Capital. The stock climbed 2.2 percent to 236 pence.
British Land Co. (BLND LN): The U.K.’s second-largest real- estate investment trust reported net asset value per share of 515 pence for the first quarter. The stock declined 0.4 percent to 469.5 pence.
Cookson Group Plc (CKSN LN): The world’s biggest maker of ceramic linings for metal smelters said first-half net income was 64.5 million pounds ($102.8 million) compared with a net loss of 97.6 million pounds for the same period a year earlier. The shares advanced 2.5 percent to 478.6 pence.
EasyJet Plc (EZJ LN): Europe’s second-biggest discount airline was rated new “underweight” at Barclays Capital. The stock fell 1.5 percent to 401 pence.
Eurasian Natural Resources Corp. (ENRC LN): The Kazakh metal producer, which has its headquarters in London, said second-quarter production volumes were “significantly ahead” of those a year earlier. The stock declined less than 0.1 percent to 939.5 pence.
Legal & General Group Plc (LGEN LN): The U.K.’s fourth- biggest insurer said in a statement today that first-half operating profit under IFRS rose 34 percent to 542 million pounds, beating estimates. The stock fell 0.5 percent to 90.8 pence.
Lloyds Banking Group Plc (LLOY LN): The U.K.’s largest mortgage lender reported first-half pretax profit of 1.6 billion pounds, beating the average analyst estimate of 694.5 million pounds. The shares fell 0.7 percent to 71.92 pence.
Premier Foods Plc (PFD LN): The maker of Hovis bread and Branston Pickle said first-half total sales are down 4.5 percent on a pro forma basis. The stock fell 3.2 percent to 18 pence.
Ryanair Holdings Plc (RYA ID): Europe’s largest discount airline was rated new “equal weight” at Barclays Capital. The shares climbed 0.4 percent to 3.90 euros.
Standard Chartered Plc (STAN LN): The British lender that generates the majority of its earnings in Asia said first-half net income rose 11 percent as bad-loan provisions fell by more than half. The stock rose 2.2 percent to 1,902.5 pence.
To contact the reporters on this story: Jack Jordan in London jjordan22@bloomberg.net; Adam Haigh in London at ahaigh1@bloomberg.net
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