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Bhp Billiton ShareCast News (BLT)



ShareCast News for Bhp Billiton (BLT)


Share Price: 1,573.50Bid: 1,573.50Ask: 1,574.00Change: -25.00 (-1.56%)Faller - Bhp Billiton
Spread: 0.50Spread as %: 0.03%Open: 1,592.50High: 1,605.00Low: 1,568.00Yesterday’s Close: 1,598.50




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%








FTSE 100 movers: Barclays and Glencore fall after annual results, Taylor Wimpey higher

Shares in Barclays fell after the bank set aside a total of 1.25bn for provisions to cover litigation costs related to ongoing probes into mis-selling PPI and rigging foreign exchange rates. The news came as Barclays reported a pre-tax loss of 532m for the fourth quarter.
[Yesterday 13:44]

London close: FTSE pulls back from record as miners dip into the red

UK stocks inched lower on Monday after hitting a new intraday record high during the session as markets were underwhelmed by a raft of positive manufacturing data and a rate cut in China.
[Mon 16:37]

Sector movers: Miners fall as PBOC rate cut underwhelms

Mining stocks declined on Monday as investors shrugged off some improving economic data from top metals user China and a rate cut by its central bank in an attempt to boost growth.
[Mon 15:37]

FTSE 100 movers: Banks rebound, British Land boosted by acquisition

Banking stocks such as Barclays and RBS topped the risers as share prices rebounded after a weak outing last week following some poorly-received annual results. 2014 figures from Barclays, the last UK lender to report, are due out on Tuesday.
[Mon 13:18]

London midday: Investors take profits after FTSE hits fresh intraday record

After a bright start, UK stocks dropped into the red by Monday lunchtime as investors assessed a raft of economic data and took profits after markets reached new record highs.
[Mon 11:41]

London open: UK stocks hit new record high on China rate cut

UK stocks rose modestly to a new record high on Monday morning on the back of gains in the banking and mining sectors, tracking a strong performance on Asian markets overnight after a rate cut in China.
[Mon 08:52]

Broker tips: BHP Billiton, Morrisons, St James's Place, Sky

Investec has hiked its target price for mining giant BHP Billiton from 1,323p to 1,552p after first-half results on Tuesday impressed the market, though the broker still kept its 'hold' rating.
[25 Feb '15]

Investec hikes BHP Billiton target price, but stays at 'hold'

Investec has hiked its target price for mining giant BHP Billiton from 1,323p to 1,552p after first-half results on Tuesday impressed the market, though the broker still kept its 'hold' rating.
[25 Feb '15]




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