Barclays, Bunzl, EasyJet, HSBC, RBS: 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.
Futures on the benchmark FTSE 100 Index jumped 2.2 percent to 5,234.5 at 7:54 a.m. in London. The FTSE 100 fell 1.18 points, or less than 0.1 percent, to 5,129.92 on Aug. 26, while the FTSE All-Share Index slid 0.1 percent. The U.K. market was closed yesterday for a public holiday. In Ireland, the benchmark ISEQ Index gained 1.7 percent to 2,471.51.
Barclays Plc (BARC) : The U.K.’s second-largest lender by assets is close to an agreement to sell its Russian retail and commercial banking business to Kazcommertzbank, Kazakhstan’s biggest lender, Sky News reported on its website.
Separately, Barclays Capital appointed Jack Yee as managing director and head of equity syndicate in the Asia Pacific region, according to an e-mailed statement from the company. The shares dropped 1.8 percent to 155 pence.
Bovis Homes Group Plc (BVS) : The smallest publicly traded U.K. homebuilder by volume more than doubled first-half pretax profit to 8.1 million pounds ($13.3 million) as the average price of its homes increased. That compares with the average analyst estimate of 9 million pounds. The shares rose 1.5 percent to 351 pence.
Bunzl Plc (BNZL) : The company reported a 12 percent increase in first-half pretax profit to 112.1 million pounds, while revenue climbed 4 percent to 2.44 billion pounds. The shares slid 0.1 percent to 722 pence.
EasyJet Plc (EZJ) : Stelios Haji-Ioannou, EasyJet’s founder and biggest shareholder, plans to demand the removal of at least one non-executive director in a dispute over a deal for new aircraft, the Sunday Telegraph reported. The shares declined 0.9 percent to 324.3 pence.
GlaxoSmithKline Plc (GSK) : The London-based drugmaker will give 10,000 of its privately insured U.S. workers financial incentives to enroll in a health-care network that uses primary- care doctors to track patients’ use of specialists and hospitals. The shares fell 0.4 percent to 1,289 pence.
Glencore International Plc (GLEN LN): The global commodities trader acquired 14.1 percent of South Africa’s Optimum Coal Holdings Ltd. as prices for the power-station fuel climb. The shares decreased 2.9 percent to 377.2 pence.
HSBC Holdings Plc (HSBA) : HSBC Global Asset Management plans to start a yuan bond fund in the fourth quarter to tap European demand for assets denominated in the appreciating Chinese currency. The shares retreated 1.8 percent to 503.8 pence.
Ladbrokes Plc (LAD) : Ladbrokes may complete its planned takeover of Sportingbet Plc by September, the Mail on Sunday reported, without saying where it got the information. The stock rose 0.4 percent to 122.3 pence.
Lonmin Plc (LMI) : The world’s third-largest platinum producer will provide more than 600 jobs for the Bapo Ba Mogale community that lives near its Marikana platinum mine following protests, Business Report said, citing Chief Executive Officer Ian Farmer. The stock advanced 0.9 percent to 1,175 pence.
Luminar Group Holdings Plc (LMR) : The U.K.’s biggest nightclub owner has held talks to exchange its debt for equity, giving control to Royal Bank of Scotland Group Plc (RBS), Lloyds Banking Group Plc and Barclays, the Mail on Sunday reported, without saying where it got the information. The shares gained 2.7 percent to 4.8 pence.
Paddy Power Plc (PAP) : The gambling company reported a 15 percent jump in first-half underlying pretax profit to 56.8 million euros ($82 million). The shares surged 6 percent to 35.50 euros in Dublin trading yesterday.
Royal Bank of Scotland Group Plc (RBS LN): Deutsche Bank AG upgraded the U.K. lender to “buy” from “hold.” The shares dropped 5.2 percent to 21.9 pence.
Segro Plc (SGRO) : JPMorgan Chase & Co. raised its recommendation for the U.K.’s largest owner of business parks to “overweight” from “neutral.” The brokerage downgraded British Land Co. (BLND LN) to “neutral” from “overweight.” Segro was unchanged at 247.6 pence, while British Land slid 0.5 percent to 524 pence.
Vodafone Group Plc (VOD) : The mobile telephone company has begun talks about combining its Greek unit with Wind Hellas Telecommunications SA to take on market leader Cosmote Mobile Telecommunications SA, controlled by Deutsche Telekom AG.
Separately, Telecom Italia SpA, Vodafone, Wind Telecomunicazioni SpA and 3 Italia SpA submitted offers for 4G frequencies, the country’s Industry Ministry said. The stock dropped 0.6 percent to 161.9 pence.
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