Elan, London Stock Exchange, Man: 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 benchmark FTSE 100 Index gained 11.73 points, or 0.2 percent, to 5,870.14. The FTSE All-Share Index rose 0.1 percent to 3,058.92, while Ireland’s ISEQ climbed 0.3 percent to 2,934.00.
Burberry Group Plc (BRBY) : The U.K.’s largest luxury retailer may report full-year net income of 201.7 million pounds ($328.3 million), according to the average of 13 estimates compiled by Bloomberg. The shares dropped 1.6 percent to 1,320 pence.
Daily Mail and General Trust Plc (DMGT LN): The publisher of Britain’s Daily Mail newspaper is scheduled to report first- half earnings. The shares fell 1.4 percent to 484.8 pence.
Elan Corp. (ELN ID): The Irish drugmaker is likely to do another licensing deal in the next six months, Chief Executive Officer Kelly Martin said, after Elan announced it will develop treatments for neurodegenerative disorders with Proteostasis Therapeutics. The shares climbed 5.2 percent to 6.18 euros.
London & Stamford Property Ltd. (LSP LN): The company set up in 2007 to take advantage of the U.K. real-estate market slump may report full-year net income of 55.9 million pounds, according to the average of two estimates compiled by Bloomberg. The shares gained 0.6 percent to 130.9 pence.
London Stock Exchange Group Plc (LSE) : TMX Group Inc. obtained an interim order from an Ontario court that allows it to hold a special shareholder meeting to approve its proposed acquisition by London Stock Exchange Group. London Stock Exchange said it will hold a meeting for shareholders on June 30 to approve the deal. The stock rose 2.4 percent to 930 pence.
Man Group Plc (EMG) : The hedge fund manager may report full-year net income of $166.5 million, according to the average of four estimates compiled by Bloomberg. The stock gained 1.1 percent to 239.1 pence.
QinetiQ Group Plc (QQ/) : Britain’s former defense- research laboratory may report a full-year net loss of 7.6 million pounds, according to the average of three estimates compiled by Bloomberg. The stock fell 3 percent to 112 pence.
United Utilities Group Plc (UU/) : The U.K.’s largest publicly traded water company may report full-year net income of 268 million pounds, according to the average of two estimates compiled by Bloomberg. The stock advanced 0.4 percent to 617 pence.
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