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BHP Billiton ShareCast News (BLT)



ShareCast News for BHP Billiton (BLT)


Share Price: 1,620.00Bid: 1,620.00Ask: 1,620.20Change: -40.00 (-2.41%)Faller - Bhp Billiton
Spread: 0.20Spread as %: 0.01%Open: 1,637.20High: 1,648.00Low: 1,588.90Yesterday’s Close: 1,660.00




London open: Stocks flat ahead of ECB refinancing operation

Wed, 29th Feb 2012 08:31

- Investors await ECB's LTRO.

- ITV jumps 7% after strong 2011.

- Ludowici issues overshadow impressive 2011 for Weir.

The Footsie lacked direction in the opening hour on Wednesday as investors hold out for the result of the European Central Bank's (ECB's) second longer term refinancing operation, to be announced later today. ITV and IAG led the risers early on, while Weir and a host of ex-div stocks weighed on the market.

Consensus expectations are for bank bids for the ECB's long-term refinancing operation (LTRO) worth €470bn in liquidity, with some analysts suggesting that anything over €400bn could elicit a positive reaction from equity markets.

At 09:45, Bank of England (BoE) Governor Mervyn King, Deputy Governors Charles Bean and Paul Tucker and external MPC member Adam Posen will appear before the Treasury Committee. In a speech last night the BoE Deputy Governor for Financial Stability, Tucker, said that easing regulatory constraints on banks in order to encourage lending and assist the economic recovery would be counterproductive.

Consultancy GfK's monthly index of consumer confidence remained at the -29 point level during the month of February, a seven month high. Consensus estimates has been for a small increase to -27.

ITV, IAG JUMP AFTER FULL-YEAR RESULTS

Terrestrial broadcaster ITV jumped over 7% after it shrugged off concerns about a subdued advertising market to achieve top-line growth and forecast-beating profits. External revenues were up 4% in 2010 to £2,140m from £2,064m in 2010, with the improvement driven by non-advertising revenues (NAR). Total non-net advertising revenues (non-NAR) jumped 11% to £922m from £829m in 2010, mainly due to revenue growth from the UK and international studios businesses.

British Airways and Iberia owner International Consolidated Airlines Group (IAG) reported a five-fold increase in pre-tax profit in the year ended December 31st, from €84m to €503m, respite a 29.7% increase in fuel costs.

Meanwhile, Asia-focused banking colossus Standard Chartered notched up its ninth successive year of record income and profit in 2011 and reckons it is in good shape to face whatever 2012 throws at it. The stock, along with banking peers Lloyds and HSBC, was making gains in early trading.

Leading the downside was Essar Energy, two days after reporting a sharp drop in full-year pre-tax profits.

Engineering giant Weir hit its 2014 profit targets early, after seeing adjusted pre-tax profits rise by a third in 2011, helped by record performances in its Minerals and Oil and Gas divisions. However, despite the strong performance, shares were down 3.5%, owing to the group's ongoing battles in its bidding war with Danish rival FLSmidth over the takeover of Australian mining equipment supplier Ludowici.

BHP Billiton and Diageo were among the fallers on the FTSE 100 after going trading without the right to its latest dividend. Meanwhile, Kier, Hays and easyJet were falling after going ex-dividend on the FTSE 250.

FTSE 250: INTERSERVE, NATIONAL EXPRESS IN DEMAND

Support services and construction group Interserve managed to increase profit despite tough conditions in construction markets in 2011. Gross revenue, which includes the company's share of associates and joint ventures, rose 0.2% to £2,430m in 2011 from £3,215m the year before.

National Express reported record annual profit and hiked its dividend after a stellar performance from its UK coach and US school bus operations. Pre-tax profit rose to £180.2m in the year ended 31 December 2011 from £97.3m the year before after growth in every division.

House builder Taylor Wimpey fell after reporting revenues and profits that came in shy of expectations.

BC

FTSE 100 - Risers

ITV (ITV) 86.30p +7.20%

International Consolidated Airlines Group SA (IAG) 168.00p +2.94%

GKN (GKN) 225.40p +1.44%

Polymetal International (POLY) 1,083.00p +1.31%

Lloyds Banking Group (LLOY) 35.23p +1.13%

HSBC Holdings (HSBA) 565.50p +1.11%

Standard Chartered (STAN) 1,639.00p +1.05%

Schroders (SDR) 1,594.00p +1.01%

Serco Group (SRP) 553.50p +1.00%

Aviva (AV.) 373.30p +0.84%

FTSE 100 - Fallers

Essar Energy (ESSR) 108.70p -4.14%

Weir Group (WEIR) 2,129.00p -3.45%

BHP Billiton (BLT) 2,088.50p -1.46%

CRH (CRH) 1,323.00p -1.42%

Diageo (DGE) 1,488.50p -1.26%

WPP (WPP) 806.00p -1.10%

Ashmore Group (ASHM) 391.70p -0.96%

Rio Tinto (RIO) 3,695.00p -0.95%

Vodafone Group (VOD) 171.05p -0.75%

Bunzl (BNZL) 939.00p -0.58%

FTSE 250 - Risers

Interserve (IRV) 305.00p +4.45%

National Express Group (NEX) 228.40p +3.25%

Bodycote (BOY) 410.00p +2.50%

Cable & Wireless Worldwide (CW.) 27.90p +2.39%

International Personal Finance (IPF) 227.90p +1.65%

African Barrick Gold (ABG) 480.60p +1.39%

BH Macro Ltd. EUR Shares (BHME) € 19.95 +1.27%

Elementis (ELM) 160.30p +1.26%

Howden Joinery Group (HWDN) 119.00p +1.19%

Go-Ahead Group (GOG) 1,283.00p +1.18%

FTSE 250 - Fallers

Aberdeen Asset Management (ADN) 239.50p -5.49%

IG Group Holdings (IGG) 446.20p -3.65%

Restaurant Group (RTN) 280.00p -3.61%

Taylor Wimpey (TW.) 50.85p -3.42%

Beazley (BEZ) 147.00p -3.16%

Moneysupermarket.com Group (MONY) 125.70p -2.93%

Afren (AFR) 135.70p -2.58%

easyJet (EZJ) 446.10p -2.58%

Kier Group (KIE) 1,272.00p -2.15%

Witan Inv Trust (WTAN) 487.10p -2.05%








BHP Billiton to pay $181m for Brazil dam disaster

(ShareCast News) - BHP Billiton has agreed to provide $181m in financial support to the Renova Foundation and Samarco until the end of June next year, following the dam failure in 2015.
[22 Dec '17 07:34]

BHP Billiton to withdraw from World Coal Association, US Chamber of Commerce

(ShareCast News) - BHP Billiton said on Tuesday that it is considering leaving the World Coal Association and the US Chamber of Commerce.
[19 Dec '17 08:13]

BHP Billiton moves closer to US shale sale or spin-off

(ShareCast News) - BHP Billiton has hired external advisers to help prepare its sale or spin-off of it US shale oil unit, according to reports on Tuesday.
[12 Dec '17 12:20]

Sector movers: Miners gain on Citi note, Chinese credit data

(ShareCast News) - Miners found a bid at the start of the week on the back of positive commentary out of analysts at Citi and the release of stronger-than-expected bank lending and credit figures in China.
[11 Dec '17 14:51]

Wednesday broker round-up

(ShareCast News) - Spire Healthcare Group: Berenberg upgrades to Buy with a target price of 310p.
[29 Nov '17 09:29]

BHP looking at expansion options for Minerals Australia

(ShareCast News) - BHP's Minerals Australia business outlined plans to grow value and improve returns on capital across its operations in Australia on Tuesday.
[28 Nov '17 10:07]

Sector movers: Miners under pressure as focus turns to Chinese property sector again

(ShareCast News) - Miners came under selling pressure at the start of the week as data revealing a modest slowdown in Chinese industrial profits called attention to the outlook for the country's property sector, a key driver for demand for multiple commodities around the world, including for copper and iron ore.
[27 Nov '17 17:08]

BHP Billiton expects continued volatility in markets

(ShareCast News) - BHP Billiton's chairman said the miner expects economic volatility to persist as the US, Europe and China face challenging transitions.
[16 Nov '17 07:38]




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