BlueBay, Dunelm, Kingfisher, RBS: 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) fell 11.85, or 0.2 percent, to 5,555.56. The FTSE All-Share Index (ASX) declined 0.1 percent and Ireland’s ISEQ Index (ISEQ) added 0.1 percent.

BlueBay Asset Management Plc (BBAY LN): The manager of fixed-income funds said that it had $34.3 billion of assets under management as of June 30. The shares rose 1.9 percent to 320.5 pence.

BP Plc (BP/) : Cnooc Ltd., China’s largest offshore oil explorer, may offer $10.2 billion for BP Plc’s 60 percent stake in Argentina’s Pan American Energy LLC in a bid with a partner, Citigroup Inc. said. The stock fell 2.7 percent to 404.1 pence.

British Sky Broadcasting Group Plc (BSY) : The U.K. government said it has yet to decide whether to investigate News Corp.’s bid for the rest of the nation’s largest pay-TV operator. The British Broadcasting Corp. reported that Business Secretary Vince Cable may ask the media regulator, Ofcom, to advise him on start a probe into the deal. The shares fell less than 0.1 percent to 714 pence.

Dunelm Group Plc (DNLM) : The U.K. operator of Dunelm Mill budget home-furnishings stores said pretax profit rose to 76.8 million pounds ($119.8 million) in the year ended July 3, compared with 53.5 million pounds in a 53-week period a year earlier. The stock advanced 2.6 percent to 396 pence.

Gulfsands Petroleum Plc (GPX) : The explorer said first-half sales rose by 81 percent to $52.5 million. Profit for the period increased almost fivefold to $18.7 million. The shares climbed 1.6 percent to 294.8 pence.

HSBC Holdings Plc (HSBA) : Europe’s largest bank was raised to “neutral” from “underperform” at Exane BNP Paribas. The shares added 0.1 percent to 676.6 pence.

Royal Bank of Scotland Group Plc (RBS LN) and Standard Chartered Plc (STAN) were both downgraded to “underperform” by Exane. The banks’ shares lost 1 percent to 49.7 pence and 0.4 percent to 1,923.5 pence respectively.

Kier Group Plc (KIE) : The company that helped to build the Channel Tunnel rail link said fiscal full-year net income through June 2010 more than doubled to 39.7 million pounds from 16.1 million pounds. The stock rose 0.3 percent to 1,071 pence.

Kingfisher Plc (KGF) : Europe’s largest home-improvement retailer said first-half net income rose to 250 million pounds from 201 million pounds as the cost of sales declined. The shares climbed 3.4 percent to 218.9 pence.

To contact the reporters on this story: Ben Martin in London at bmartin38@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.