BP, BHP, BlueBay, Centrica, Vedanta May Move: 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 23.84, or 0.4 percent, to 5,703.37. The FTSE All-Share Index also declined 0.4 percent and Ireland’s ISEQ Index dropped 0.5 percent.

3i Group Plc (III LN): The private equity firm is preparing to sell its 40 percent stake in architectural company Foster & Partners, the Sunday Times reported, without saying where it got the information. The shares declined 0.6 percent to 294.4 pence.

Barclays Plc (BARC LN): The bank’s Chief Executive Officer John Varley said credit supply shouldn’t be affected by new capital rules for banks, the Financial Times reported, citing an interview. The shares rose 1.8 percent to 285 pence.

Beazley Plc (BEZ LN): The Lloyd’s of London insurer said Hardy Underwriting Bermuda Ltd. (HDU LN) rejected its offer to buy the company for 300 pence a share. Beazley lost 1 percent to 114.5 pence, while shares of Hardy Underwriting slid 0.4 percent to 244 pence.

BHP Billiton Ltd. (BLT LN) and Rio Tinto Group (RIO): The mining companies abandoned a plan to create the world’s largest iron-ore exporter after regulators from Europe to Asia were concerned it would limit competition. BHP lost 0.7 percent to 2,199.5 pence while Rio gained 0.2 percent to 4,143 pence.

BlueBay Asset Management Plc (BBAY LN): The London-based manager of fixed-income funds has agreed to be bought by Royal Bank of Canada for 485 pence a share, valuing the fund manager at 963 million pounds ($1.53 billion). Separately, Bluebay said it had $40 billion of assets under management as of Sept. 30. BlueBay shares were unchanged at 375.7 pence.

BP Plc (BP/ LN): TNK-BP has signed an agreement to buy BP’s assets in Venezuela and Vietnam for $1.8 billion, the Russian company today in an e-mailed statement. BP shares lost 1 percent to 425.45 pence.

C&C Group Plc (GCC ID): The Irish maker of Magners cider reached an agreement with labor unions to cut the company’s 47 million-euro ($66 million) pensions deficit, the Sunday Times reported, citing union SIPTU.

Separately, Citigroup Inc. lowered its recommendation for the shares to “hold” from “buy.” The stock advanced 0.6 percent to 3.251 euros in Dublin trading.

Centrica Plc (CNA LN): The U.K.’s biggest energy supplier will sell “non-core” assets from its North Sea oil and gas fields worth as much as 400 million pounds ($640 million) to focus investment on more lucrative fields. The stock fell 1 percent to 324.3 pence.

SABMiller Plc (SAB LN): The world’s second-biggest brewer by volume said first-half beer sales rose 1 percent, excluding the effect of acquisitions, beating the median estimate of 10 analysts surveyed by Bloomberg News for a 0.5 percent increase. The shares lost 1.2 percent to 2,059.5 pence.

Segro Plc (SGRO LN): Finance director David Sleath and U.K. operations chief Ian Sutcliffe are among internal candidates to replace chief executive officer Ian Coull, the Times reported. The stock fell 0.9 percent to 296.5 pence.

Vedanta Resources Plc (VED LN): The mining company controlled by Indian billionaire Anil Agarwal may seek to raise 500 million pounds selling shares in London in its KDC Zambian copper unit, the Observer reported. The stock fell 0.6 percent to 2,288 pence.

To contact the reporter on this story: Ben Martin in London at bmartin38@bloomberg.net; Sarah Jones in London at sjones35@bloomberg.net.

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

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