Brewin Dolphin, EasyJet, Home Retail, Greggs: 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.
December futures on the FTSE 100 Index gained 1 percent to 5,125 at 7:42 a.m. in London. The FTSE 100 advanced 3.2 percent to 5,102.17 yesterday. The FTSE All-Share Index climbed 2.9 percent, while Ireland’s ISEQ Index rose 2.1 percent.
Brewin Dolphin Holdings Plc (BRW) : The stockbroker and fund manager said market conditions were “difficult” in the fiscal fourth quarter. The stock added 0.1 percent to 113.8 pence.
EasyJet Plc (EZJ) and Ryanair Holdings Plc (RYA) : The airlines were raised to “outperform” from “neutral” at Credit Suisse Group AG. EasyJet slid 2.1 percent to 331.7 pence. Ryanair lost 1.1 percent to 3.17 euros.
Greggs Plc (GRG) : The U.K.’s biggest bakery chain said third-quarter total sales rose 5.4 percent, while year-to-date revenue rose 4.6 percent. The company is keeping its plan for a record 80 net new openings, Greggs said in a statement today. The stock lost 1.6 percent to 461.1 pence.
Home Retail Group Plc (HOME) : The company was named a least preferred stock at Citigroup Inc. The shares sank 5.6 percent to 114.9 pence.
Mouchel Group Plc (MCHL) : The consulting company said Chief Executive Officer Richard Cuthbert resigned with immediate effect. One-time profit on a contract will be 4.3 million pounds ($6.6 million) less than expected because of an actuarial error. The stock retreated 2.4 percent to 31 pence.
Next Plc (NXT) : The retailer was cut to “underweight” from “equal weight” at Barclays Plc. The stock lost 2.3 percent to 2,447 pence.
Victrex (VCT LN): The maker of heat-resistant plastics said trading started well in October and annual sales in fiscal 2011 rose to 2,860 tons from 2,535 tons. The stock advanced 3.2 percent to 1,058 pence.
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