Email Facebook Twitter

Share Views - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects Watch here

Share Views Episode 13 - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects

Bhp Billiton ShareCast News (BLT)

ShareCast News for Bhp Billiton (BLT)

Share Price: 1,221.00Bid: 1,220.50Ask: 1,221.00Change: 0.00 (0.00%)No Movement on Bhp Billiton
Spread: 0.50Spread as %: 0.04%Open: 1,222.50High: 1,231.00Low: 1,213.00Yesterday’s Close: 1,221.00

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%

BHP Billiton chairman announces retirment

(ShareCast News) - BHP Billiton chairman Jac Nasser has announced his retirement from the board of the mining giant, which he delayed due to the Samarco dam disaster in Brazil.
[20 Oct '16 12:36]

Production down but guidance unchanged at BHP Billiton

(ShareCast News) - BHP Billiton posted its operational review for the three months to 30 September on Wednesday, with all of its production and unit cost guidance remaining unchanged for the 2017 financial year - though guidance for the Olympic Dam was under review after a state-wide power outage in South Australia.
[19 Oct '16 07:10]

Sunday newspaper round-up: Falling growth forecast, inflation, William Hill, BHP

(ShareCast News) - The apparent recent success of the UK economy post Brexit is "deceptive" and the UK's economic growth will slump to just 0.8% next year, according to the respected EY Item Club. The falling pound is helping exporters, but is already seeing the beginning of surging inflation, which will squeeze household incomes and spending, while investment and hiring plans are also likely to be squeezed in the current environment, the Sunday Times and Mail on Sunday repor
[16 Oct '16 16:59]

Tuesday broker round-up

(ShareCast News) - Easyjet: Deutsche Bank keeps at hold with a target price of 1000p.
[11 Oct '16 14:54]

Broker tips: Jupiter Fund, McCarthy & Stone, miners

(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades.
[11 Oct '16 10:52]

UBS downgrades BHP and South32, ups Anglo

(ShareCast News) - UBS downgraded BHP Billiton to 'neutral' from 'buy' as it took a look at the mining sector, lifting the price target to 1,300p from 1,200p, saying the risk/reward was now balanced after a strong recovery in the share price.
[11 Oct '16 08:58]

Monday broker round-up

(ShareCast News) - Easyjet: Societe Generale downgrades to sell with a target price of 820p.
[10 Oct '16 13:30]

Sector movers: Miners pace gains after endorsement from BofA

(ShareCast News) - Steel producers and miners led to the upside following the release of what several economists dubbed as a "solid" US jobs report, receiving an additional lift in the form of a positive research note on the sector out of analysts at Bank of America-Merrill Lynch.
[7 Oct '16 18:10]

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.