BG Group, Cairn, Melrose, SABMiller: 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 204.68 points, or 4 percent, to 5,294.05 yesterday. The FTSE All-Share Index gained 3.8 percent and Ireland’s ISEQ Index rose 3.2 percent.

BG Group Plc (BG/) : Goldman Sachs Group Inc. raised its recommendation for the shares to “conviction buy.” Separately, the Daily Mail reported speculation Cnooc Ltd. may be interested in the U.K. company. The newspaper did not cite anyone. The shares jumped 6.7 percent to 1,221 pence.

Cairn Energy Plc (CNE) : The oil company said the Delta-1 exploration well off Greenland is being plugged and abandoned after failing to find hydrocarbons. The shares rose 5.2 percent to 295.6 pence.

Globaltrans Investment Plc (GLTR) : The rail freight transportation company listed in London said it decided not to participate in the public auction of 75 percent minus two shares of OJSC Freight One “in light of current uncertainty in global financial markets.” The shares surged 7.7 percent to $14.

Impax Asset Management Ltd. (IPX LN): The London-based clean-energy investor closed a 330 million-euro ($450 million) private equity fund that will focus on European wind investments, its managing director said. The shares were unchanged at 46.5 pence.

Melrose Plc (MRO) : The U.K. investment firm said it won’t proceed with an offer for Charter International Plc because it isn’t in shareholders’ best interests. The stock jumped 6.2 percent to 290 pence.

SABMiller Plc (SAB) : The Australian Competition and Consumer Commission said it will not oppose the proposed purchase of Foster’s Group Ltd. by SABMiller. The shares rose 4 percent to 2,176 pence.

Smiths Group Plc (SMIN) : The world’s biggest maker of airport-security scanners said annual profit held steady, with cost-cutting programs helping offset “constrained” markets for detection and medical equipment. The shares rose 2.9 percent to 948.5 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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to 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.