BHP, BP, Daily Mail, EasyJet, IAG: 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 22.56 points, or 0.5 percent, to 5,089.37 yesterday. The FTSE All-Share Index gained 0.4 percent and Ireland’s ISEQ Index rose 1.5 percent.

BHP Billiton Ltd. (BHP) : The company said Chinese demand for seaborne iron ore will outpace supply as the world’s fastest growing economy’s steel production continues to expand, according to a presentation to analysts during a site tour in Western Australia. BHP plans to boost iron ore output in Western Australia to an “ultimate objective” of 450 million metric tons annually, from a current 155 million tons. The shares lost 0.8 percent to 1,747 pence.

BP Plc (BP/) : HRT Participacoes em Petroleo SA, a Brazilian oil exploration company, offered to let TNK-BP operate development wells while it focuses on exploration in Brazil’s Amazon, said its chief executive officer. BP shares fell 0.1 percent to 384.7 pence.

Close Brothers Group Plc (CBG) : The company said full- year net income declined 78 percent to 14.6 million pounds ($23 million) from 65.9 million pounds in the year-earlier period. The shares rose 1.3 percent to 672.5 pence.

Daily Mail & General Trust Plc (DMGO) : The company said it expects its full-year earnings to be at the lower end of market estimates, hindered by finance and tax costs. The shares rose 1.1 percent to 347 pence.

EasyJet Plc (EZJ) : Shareholders are not happy with the plan of founder Stelios Haji-Ioannou to set up a rival airline called Fastjet and are calling for him to sell his 38 percent shareholding in EasyJet, Sky News reported, citing a number of unidentified investors in the budget carrier. The stock gained 0.3 percent to 353 pence.

International Consolidated Airlines Group SA (IAG LN): The owner of British Airways said the European Union’s emissions trading program is a cost to airlines not a revenue stream and the EC’s comment that the free allowances strengthen airlines’ financial situation is “outrageous.” The stock climbed 3.5 percent to 147.1 pence.

Mitchells & Butler Plc (MAB LN): The pub company said same- store sales rose 0.5 percent in the nine weeks to Sept. 17. The shares rose 0.4 percent to 252.5 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

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