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Bhp Billiton ShareCast News (BLT)

ShareCast News for Bhp Billiton (BLT)

Share Price: 1,194.50Bid: 1,194.00Ask: 1,194.50Change: 49.50 (+4.32%)Riser - Bhp Billiton
Spread: 0.50Spread as %: 0.04%Open: 1,167.00High: 1,200.00Low: 1,165.50Yesterday’s Close: 1,145.00

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.


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.


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.


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% 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 open: Stocks rise after BoE, ECB and Fed meeting minutes

(ShareCast News) - London stocks were in positive territory on Friday as investors continued to analyse policy meeting minutes from the Bank of England, European Central Bank and the Federal Reserve.
[9 Oct '15 08:35]

London close: Stocks rise after BoE and ECB meeting minutes

(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus.
[8 Oct '15 16:22]

Sector movers: Metal stocks drive markets up

(ShareCast News) - Industrial metals helped to prop up London markets again on Thursday, after Jefferies commented optimistically on the metals and mining industry.
[8 Oct '15 15:19]

FTSE 100 movers: Tesco moves back up the chain

(ShareCast News) - After a slow start to the morning, the FTSE 100 was up 16.74 points (0.26%) to 6,353.09 by mid-afternoon.
[8 Oct '15 13:28]

FTSE 100 movers: Miners move up while airlines skydive

(ShareCast News) - The FTSE 100 was up 41.13 points (0.65%) to 6,367.29 by mid-afternoon Wednesday.
[7 Oct '15 13:44]

Morgan Stanley lifts stance on European miners; bumps up BHP, Rio and Anglo

(ShareCast News) - London-listed miners Rio Tinto, BHP Billiton and Anglo American got a boost on Wednesday after Morgan Stanley upgraded its stance on all three stocks, as it lifted its view on the European metals and mining sector to 'attractive' from 'in line'.
[7 Oct '15 09:27]

London open: Mining shares lift equities higher

(ShareCast News) - London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose.
[7 Oct '15 08:29]

Broker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton

(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan.
[5 Oct '15 15:56]

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