BP, HMV, Morrison, Tullow Oil, Shell: 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 21.79 points, or 0.4 percent, to 5,340.38 yesterday. The FTSE All-Share Index gained 0.4 percent and Ireland’s ISEQ Index advanced 0.2 percent.

BP Plc (BP/) : Europe’s second-largest oil company said it would evacuate non-essential workers from three platforms in the Gulf of Mexico ahead of Tropical Storm Nate. The shares gained 0.5 percent to 388.5 pence.

HMV Group Plc (HMV) : The company said like-for-like sales in the 18 weeks ending Sept. 3 declined 15 percent as the retailer of music, films and other consumer goods continued to focus on its turnaround plans. The shares rose 6.6 percent to 6.5 pence.

JD Wetherspoon Plc (JDW) : The pub company said full-year profit before tax and after one-time items rose 1.5 percent to 61.4 million pounds ($98 million). The shares lost 0.2 percent to 416 pence.

Tullow Oil Plc (TLW) : The oil producer said the Zaedyus exploration well discovered oil offshore French Guiana. The well encountered 72 meters of so-called net oil pay.

Tullow is the operator of the Guyane Maritime license with a 27.5 percent stake, while Royal Dutch Shell Plc (RDSA) has 45 percent, Total SA 25 percent and Northpet 2.5 percent. Tullow shares rose 4.8 percent to 1,227 pence and Shell gained 0.6 percent to 2,060 pence.

William Morrison Supermarkets Plc (MRW LN) was raised to “hold” from “sell” at Standard & Poor’s by equity analyst James Monro. The 12-month share-price estimate is 300 pence. The stock jumped 4.2 percent to 301.6 pence.

WS Atkins Plc (ATK LN): The company said its exposure to diverse markets give it “continued resilience,” and its outlook remains unchanged from its results announcement in June. The shares rose 0.7 percent to 550 pence.

To contact the reporters on this story: Blanche Gatt in London at bgatt@bloomberg.net; Sarah Jones in London at sjones35@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

Bloomberg reserves the right to edit or 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.