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Bhp Billiton ShareCast News (BLT)



ShareCast News for Bhp Billiton (BLT)


Share Price: 1,971.00Bid: 1,970.50Ask: 1,971.00Change: -8.00 (-0.40%)Faller - Bhp Billiton
Spread: 0.50Spread as %: 0.03%Open: 1,968.00High: 1,978.50Low: 1,959.00Yesterday’s Close: 1,979.00




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%








London close: FTSE drops on BoE minutes, ex-divis, Fed minutes

London's blue chips dropped into the red on Wednesday, hit by a combination of Bank of England (BoE) minutes, ex-dividends, and a degree of profit taking.
[Yesterday 16:59]

Broker tips: BHP Billiton, StanChart, Balfour Beatty, Debenhams

Credit Suisse said it sees a "lack of upside" at BHP Billiton after the company underwhelmed the market with its demerger plans, downgrading the mining stock from 'neutral' to 'underperform'.
[Yesterday 12:52]

Credit Suisse cuts BHP Billiton to 'underperform' on "lack of upside"

Credit Suisse said it sees a "lack of upside" at BHP Billiton after the company underwhelmed the market with its demerger plans, downgrading the mining stock from 'neutral' to 'underperform'.
[Yesterday 11:23]

Wednesday broker round-up UPDATE

BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged.
[Yesterday 10:50]

Wednesday tips round-up: BHP Billiton, CRH

As the Financial Times' Lex column would have it, the heads of BHP Billiton may yet stand accused of imperial overreach in the eyes of shareholders. As the man on the street would put it, bigger is not always better. To address the situation the company has announced its intention to demerge assets spread over four continents, including the two largest silver and manganese mines on the planet. Nevertheless, the combined market capitalisation of the above may only reach $15bn.
[Yesterday 08:24]

London close: Inflation in focus as geopolitical tensions ease

It was another positive finish for London's blue chips on Tuesday, which saw a jump at the opening bell followed by relatively steady trading throughout the session, with a slight dip seen late in the morning.
[Tue 16:59]

FTSE 100 movers: Retailers, housebuilders lead gains

Retailers Kingfisher, Sports Direct and Next were occupying the top 10 on the FTSE on Tuesday, while housebuilders were also performing well as forecasts for a rate hike were pushed back after the inflation figures.
[Tue 16:24]

Sector movers: BHP Billiton drags miners lower as buyback absent

Underwhelming demerger plans and results by BHP Billiton saw the world's largest miner's shares drop sharply on Tuesday, dragging the UK mining sector to the bottom of the pile.
[Tue 14:32]




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