Ashtead, BP, RBS, Ryanair, Whitbread: 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 fell 189.45 points, or 3.6 percent, to 5,102.58 yesterday. The FTSE All-Share Index dropped 3.4 percent and Ireland’s ISEQ Index declined 3.5 percent.
Ashtead Group Plc (AHT) : The U.K. equipment-rental company reported a 12 percent gain in first-quarter revenue to 268.6 million pounds ($432 million). The shares retreated 2.4 percent to 112 pence.
Barclays Plc (BARC) : Global regulators may ease new rules requiring banks to hold more liquid assets to weather a funding crisis amid lenders’ claims that the regulations may curtail lending, the Financial Times reported.
Members of the Basel Committee on Banking Supervision want to soften key technical definitions of the so-called “liquidity coverage ratio,” due to take effect in 2015, the FT said, citing people familiar with the discussions. Barclay’s dropped 6.7 percent to 154.15 pence.
BP Plc (BP/) : Chief Executive Officer Robert Dudley said investors want “clarity and certainty” after Russian bailiffs raided the Moscow office and Halliburton Co. (HAL) filed suit over the Gulf of Mexico oil spill last year. The shares fell 3 percent to 363.2 pence.
CRH Plc (CRH) : Russian billionaire Oleg Deripaska may sell as much as 75 percent in the cement unit of his Basic Element holding company to the Irish company, Kommersant reported, citing unidentified people with knowledge of the plans. The shares fell 5.5 percent to 11.12 euros in Dublin.
Greene King Plc (GNK) : The U.K. brewer of Old Speckled Hen ale said its margins, profit, cashflow and balance sheet remain “in line” with management expectations. The shares lost 2.9 percent to 431.5 pence.
Royal Bank of Scotland Group Plc (RBS) : Macquarie Group Ltd. is preparing to bid for RBS’s aircraft-leasing business, the Australian Financial Review reported, citing people familiar with the matter.
Initial offers for the unit, which may fetch between $6 billion and $8 billion, are due Sept. 9, the newspaper said. Macquarie has considered buying the whole division, part of it, or bidding as part of a consortium, according to the Australian newspaper. The stock dropped 12 percent to 21.78 pence.
Ryanair Holdings Plc (RYA) : Europe’s biggest discount carrier canceled 200 flights to and from Italy due to plans for a general strike, the carrier said in an e-mailed statement. The CGIL labor union has called a strike to protest the austerity measures approved by Italy’s government last month. The stock dropped 4.2 percent to 2.95 euros.
Whitbread Plc (WTB) : The U.K.’s largest hotel and restaurant operator said sales growth accelerated in the second quarter, led by stronger performances at Premier Inn budget hotels and Costa coffee shops. The shares lost 2.5 percent to 1,457 pence.
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