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Finance & Stock Market News

Thomson Financial UK at a glance share guide

Mon, 10th Mar 2008 07:39

LONDON (Thomson Financial) - Leading shares look set to open weaker as Wal
l Street closed down last week on US recessionary fears with investors cautious ahead of the UK Budget on Wednesday. M&A activity could be a focus in the commodity, insurance and the pub sectors following weekend press speculation.

Spread bettors IG Index expect the FTSE 100 index to open 47 points lower at 5,650 after closing 66.5 points lower at 5,699.9.


Tokyo: Nikkei closes at 12,532.13, down 250.67

Hang Seng midday 22,159.04, down 342.29


* Darling to curb big energy profits; Chancellor's legal ploy on pre-payment tariffs; Budget measures to fight 'fuel poverty' - FT

* Canada fears new US law will undermine exports of oil sands; letter warns that both countries will suffer - FT

* BAA agrees 545 mln stg deal for duty-free shops - FT

* Standard Chartered thought to be considering bids for Royal Bank of Scotland's stake in Saudi Holandi Bank and Egypt's state-owned Banque du Caire to plug gaps in its booming business in the Arab world - Independent

* easyJet demands BAA finance details - Times

* Pilots union, Balpa, to hold an emergency meeting today with British Airways pilots after talks over a staffing dispute collapses - FT

* Oil majors hit by slump in Gulf findings; 2007 discoveries lowest for 10 years - FT

* Marshall Wace nets 2 bln eur for new fund - FT

* Credit derivatives turmoil bites; forced selling raises risk premiums on debt; impact 'is reducing banks' ability to lend' - FT

* Vodafone chief executive is bracing himself for an Indian high court ruling that could lead to a 1 bln stg tax bill for the UK group after its takeover of Hutcheson Essar -- and determine the future of foreign purchases of Indian assets - FT

* BT insiders say Ben Verwaayen could stay on as chief executive until 2009, partly to improve the group's performance - FT

* EADS to invest in US - Times

* Five FSA officials who oversaw Northern Rock have resigned - Times

* Ocado vows to match prices with Tesco on 3,500 branded products - Times

* Sainsbury poaches Next manager for homewares - Times

* British firms join queue as Russia plans to spend 250 bln stg on new roads - Times



THE LEX COLUMN comments on Telecom Italia (Bernabe does have two levers to pull: job cuts and he must clear the political ground for an eventual full takeover by Telefonica, a deal that, while not inevitable, remains TI's most likely fate), Activist investors (after a strong run, many activist funds may be in for a long, hard slog), US home appraisals (before sales can pick up, homeowners who refinanced at inflated values may need to stop gripping their ATM receipts and opt for reality checks)


THE INVESTMENT STRATEGIST: AstraZeneca stays pick of the pharmaceuticals - THE AIM MARKET: BioDefense Corporation (the company that defended the former United Nations secretary general Kofi Annan from biological terror plans to float on AIM), Playtech (the online gaming software group will be moving from AIM to the main market this year, only two years after floating)


Small Talk: Imprint (battle wide open as Hydrogen runs out of gas), EuroTrust (winds of change are blowing), Molectra (hopes recycled tyres will turn the odds in its favour)




Origin Enterprises




Bovis Homes

BrainJuicer Group

Brit Insurance Holdings

Chaucer Holdings


Financial Objects

Grafton Group

IAWS Group


Irish Continental Group

Oxford Biomedica



Spirax-Sarco Engineering

Statpro Group

Telecity Group


Chromex Mining


None scheduled


UK Feb producer prices (09.30 GMT)

UK Jan industrial production (09.30 GMT)


* Bovis Homes. UBS expects pretax profit down 5.3 pct to 125 mln stg, compared to 132 mln stg last year, and EPS to fall to 73.1 pence from 77.8 pence.

* Brit Insurance's increased claims expenses seen reducing FY pretax profit to 177 mln stg, down from 186.3 mln stg.

* Analysts are forecasting Petrofac net profit between 160.7-182.0 mln usd, giving a consensus figure of 175.9 mln usd, up from 121.9 mln previously.


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Next Article: Brixton FY pretax dips 71.6 pct, FY adjusted NAV up 2.1 pct at 545 p/shr

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