Balfour Beatty, CRH, National Grid: 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 rose 30.55 points, or 0.6 percent, to 5,350.58. The FTSE All-Share Index rose 0.6 percent to 2,781.35, while Ireland’s ISEQ Index rose 1.1 percent to 2,549.24.
Balfour Beatty Plc (BBY) : JPMorgan Chase & Co. reiterated its “overweight” recommendation for the shares before the company reports first-half earnings on Aug. 17. The stock rose 0.7 percent to 264.1 pence.
CRH Plc (CRH) : The Dublin-based building-materials maker reported a surge in first-half net income of 76 million euros ($109.4 million), beating the average analyst estimate of 53.1 million euros. The shares rose 0.5 percent to 12.16 euros.
National Grid Plc (NG/) : The manager of the U.K.’s power network will limit flows through an electricity cable between the U.K. and France until the middle of September for maintenance. The shares climbed 0.8 percent to 599 pence.
Old Mutual Plc (OML) : JPMorgan raised its recommendation for the insurer to “overweight” from “neutral.” The shares rose 1.2 percent to 113.9 pence.
Resolution Ltd. (RSL) : The company reported first-half operating profit surged to 390 million pounds from 151 million pounds a year earlier. The shares rose 3.1 percent to 267.8 pence.
Rio Tinto Group (RIO LN): Citigroup Inc. placed the mining company on its “most preferred” list, replacing Xstrata Plc (XTA) . The shares rose 0.2 percent to 3,694 pence.
Vodafone Group Plc (VOD) : JPMorgan reiterated its “overweight” recommendation for the world’s largest mobile phone company saying the shares have 36 percent upside. The stock rose 0.9 percent to 167.8 pence.