Antofagasta, LSE, Rank Group Plc: U.K., Irish Equity Preview
The following is a list of companies that may have unusual share-price changes in U.K. and Irish markets. Stock symbols are in parentheses and prices are from the last market close.
The FTSE 100 Index advanced 44.54 points, or 0.8 percent, to 5,766.88. The FTSE All-Share Index rose 0.7 percent to 3,005.85, while Ireland’s ISEQ Index advanced 0.9 percent to 2,912.05.
Antofagasta Plc (ANTO) : The copper producer controlled by Chile’s Luksic family sees “huge demand” for metals as China and other emerging markets invest in infrastructure and urbanization, Chief Executive Officer Jean Paul Luksic said in an interview in London. The shares gained 1.6 percent to 1,303 pence.
Betfair Group Plc (BET) : The British Internet gaming site may report full-year net income of 14.5 million pounds ($23.2 million), according to the average of four estimates compiled by Bloomberg. The shares jumped 6.2 percent to 771.5 pence.
London Stock Exchange Group Plc (LSE) : Luc Bertrand, who leads a group of banks and pension funds bidding for TMX Group Inc., said he’s confident TMX shareholders will reject a bid from the London Stock Exchange Group for the owner of the Toronto Stock Exchange. Bertrand spoke to reporters in Toronto. LSE’s stock dropped 1.1 percent to 927 pence.
Rank Group Plc (RNK) : The U.K.-based casino and online gambling operator’s independent directors recommended shareholders accept an offer from Guoco Group Ltd., even though they consider the offer to “substantially undervalue Rank.” The stock retreated 0.2 percent to 149.6 pence.
Stagecoach Group Plc (SGC LN): The operator of Britain’s busiest commuter-rail service may report full-year net income of 178.8 million pounds, according to the average of six estimates compiled by Bloomberg. The stock rose 1 percent to 250.2 pence.
To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net
To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net
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