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Admiral, BHP, Cairn Energy, Shell: U.K., Irish Equity Preview

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Aug. 24 (Bloomberg) -- 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.

Futures on the benchmark FTSE 100 Index jumped 0.5 percent to 5,150 at 7:54 a.m. in London. The FTSE 100 rose 34.12 points, or 0.7 percent, to 5,129.42 yesterday. The FTSE All-Share Index climbed 0.7 percent to 2,661.1, while Ireland’s ISEQ Index fell 0.6 percent to 2,438.06.

Admiral Group Plc (ADM LN): The insurer reported a 27 percent increase in first-half pretax profit to 160.6 million pounds ($265 million). The shares advanced 0.9 percent to 1,535 pence.

BHP Billiton Ltd. (BLT LN): The world’s biggest mining company said full-year profit climbed to a record $23.6 billion after prices of copper, iron ore and coal reached all-time highs because of demand from China. That beat the $22.6 billion mean of 18 analyst estimates compiled by Bloomberg. The company will also pay a final dividend of 55 cents a share. The stock rose 0.6 percent to 1,890 pence.

BP Plc (BP/ LN): Europe’s second-largest oil company paid more than $5 billion to 204,434 claimants in the past year from a fund created to compensate victims of its 2010 Gulf of Mexico oil spill, the world’s worst accidental spill, according to a summary by claims administrator Kenneth Feinberg.

Separately, BP plans to shut a compressor associated with a coker at its Whiting refinery to fix a seal leak, according to a person familiar with the work. The shares added 1.5 percent to 396.1 pence.

Cairn Energy Plc (CNE LN): The Scottish oil and gas producer was raised to “buy” from “hold” at Standard & Poor’s. The stock climbed 1.5 percent to 293.9 pence.

Derwent London Plc (DLN LN): The U.K. real estate developer said first-half profit fell to 169.3 million pounds from 208.3 million pounds a year earlier after its costs increased. The stock tumbled 2.1 percent to 1,555 pence.

Royal Dutch Shell Plc (RDSA LN): The Nigerian unit of Europe’s largest oil company declared force majeure, a legal clause that allows the company to miss scheduled deliveries for circumstances beyond its control, on its Bonny Light crude oil exports after “several pipeline incidents,” the company said in an e-mailed statement. The stock increased 1.8 percent to 1,953.5 pence.

SABMiller Plc (SAB LN): Foster’s Group Ltd., Australia’s biggest brewer, would discuss a “sensible” bid with SABMiller after refusing to enter detailed negotiations on the U.K. company’s hostile A$9.5 billion ($10 billion) offer. The shares advanced 2.1 percent to 2,087 pence.

Serco Group Plc (SRP LN): The provider of outsourcing services said first-half net income rose to 82.1 million pounds from 74.3 million pounds. The company also predicted “good” revenue growth for the full year with sales to reach about 5 billion pounds by the end of 2012. The stock climbed 1.9 percent to 532 pence.

Tullow Oil Plc (TLW LN): The oil explorer said first-half profit after tax more than tripled to $330 million as oil production from Ghana boosted revenue. It doubled the interim dividend to 4 pence a share. The stock increased 0.1 percent to 946.5 pence.

WPP Plc (WPP LN): The world’s biggest advertising company reported profit that climbed more than analysts had predicted in the first half of the year on growth in emerging markets.

Profit, excluding some items such as the impact of interest and taxes, rose to 517.9 million pounds in the first half from 455.3 million pounds a year earlier. That beat the 512.6 million pounds that analysts had forecast in a Bloomberg survey. The shares rose 0.3 percent to 580 pence.

Yell Group Plc (YELL LN): The U.K. publisher of Yellow Pages classified advertising was downgraded by Standard & Poor’s, which said the company may breach a debt covenant. The shares climbed 3.5 percent to 4.99 pence.

To contact the reporters on this story: Katie Linsell in London at klinsell@bloomberg.net; Sarah Jones in London at sjones35@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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