Autonomy, Home Retail, Panmure: U.K., Irish Equity Preview
The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets. Stock symbols are in parentheses and prices are from the last market close.
The benchmark FTSE 100 Index fell 38.63, or 0.7 percent, to 5,703.89. The FTSE All-Share Index declined 0.6 percent and Ireland’s ISEQ Index also fell 0.6 percent.
Autonomy Corp. (AU/ LN): The U.K.’s second-largest software company was downgraded to “hold” from “buy” at Societe Generale SA. The shares climbed 1.8 percent to 1,444 pence.
Home Retail Group Plc (HOME LN): The owner of Argos catalog stores said first-half sales fell 3 percent to 2.72 billion pounds ($4.28 billion). Net income was 74.4 million pounds, beating the average analyst estimate of 64.5 million pounds. The shares fell less than 0.1 percent to 219.9 pence.
Panmure Gordon & Co. Plc (PMR LN): The 134 year-old U.K. stockbroker said the indicative conditional proposal from Evolution Group Plc was not in the company’s or its shareholders’ interests and it is “well positioned for the future.” The stock dropped 8.1 percent to 28.5 pence.
Stobart Group Ltd. (STOB LN): The U.K. provider of road, rail, sea and air freight services said first-half revenue from continuing operations rose 12 percent to 243.7 million pounds. The shares advanced 0.3 percent to 156.5 pence.