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Pin to quick picksFondul Proprietatea Share News (FP.)

Share Price Information for Fondul Proprietatea (FP.)

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Share Price: 5.25
Bid: 5.05
Ask: 5.20
Change: 0.00 (0.00%)
Spread: 0.15 (2.97%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 5.25
FP. Live PriceLast checked at -
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London afternoon: Retailers sag after sales data

Tue, 13th Oct 2009 14:26

Leading shares remain mixed, with the Footsie easing back into the red over the lunchtime session.Retailers are out of sorts despite some moderately optimistic news from the British Retail Consortium (BRC) concerning retail sales. The BRC said annual retail sales growth in September accelerated to 4.9% from 2.2% in August. The BRC cautioned, however, that this year's September figures include the late August Bank Holiday whereas last year's did not; furthermore, the September 2008 figures were very weak, coming as they did at the height of the crisis in consumer confidence.Clothing retailers Next and Marks & Spencer pull back, even though the BRC said stronger sales of clothing and footwear lifted non-food sales by 0.8%. Food sales growth slowed again, prompting selling pressure on the likes of supermarkets Tesco and Morrisons.Kazakhmys is on the up after revealing it is in talks with the China Development Bank and JSC Sovereign Wealth Fund Samruk-Kazyna regarding a potential corporate loan facility of around $2bn. The company also announced the sale of a 25% stake in its Ekibastuz GRES -1 power plant to Samruk-Kazyna.Ukrainian iron ore producer Ferrexpo is still in the red, however, despite a strong third quarter, in which it operated at full capacity. Lloyds Banking is marked down on fears it may have to pay a break fee of more than £1bn to pull out of the government's asset protection scheme. The company is expected to announce a huge fund raising exercise soon. Insurer Old Mutual is wanted after launching a £500m fixed rate senior bond with a coupon of 7-1/8% but sector peers Prudential, Legal & General and Friends Provident are stuck in reverse.Whitbread shareholders are happy to wake up and smell the coffee as the Costa Coffee company reported an improving trend at its budget hotel chain Premier Inn. That news offset disappointment with half-year profit, which dropped 10.4% to £110.5m (excluding exceptional items) and barely came within the range of market expectations. Among the mid-caps, ITV rallied on news it has no plans for a rights issue. It will raise £120m through convertible bonds, it said today.Footwear to condom group SSL lifted underlying sales by 3% to more than £321m in the half year to September, helped by new products and good demand in Europe and the Far East. 'We are pleased with the first half performance. Housebuilder Bellway slumped to a full-year loss after one-off items, but it's maintained the final dividend and is keen to start buying up land, especially in the South East of England. International service company Serco Group announced that Chairman Kevin Beeston will step down the group's AGM in May 2010. The group said it will now begin the process of appointing a new chairman.JJB Sports is on the rise after it finally unveiled its delayed £100m rights issue this morning. The company will issue 400m shares at 25p each a 23.7% discount to Friday's closing price.Social housing firm Connaught reported a 39% rise in annual pre-tax profit and is confident of future growth as orders continue to grow.Cash and carry firm Booker's half-year numbers have come in as expected, with like for like sales up 7.7% and profit up 12.1% on the year before. Profit before tax for the 24 weeks ended 11 September 2009 jumped to £29.7m from £26.5m in 2008 on total sales up 7.7% to £1.6bn.Shares in AEA Technology rallied after the climate change and energy consultancy said it is trading slightly ahead of management expectations. The group said it enters the second half with 80% of revenue secured to meet forecasts. Prospects remain good with the US market, in particular, providing significant opportunity for growth going forward.
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10 Aug 2009 15:20

Sector movers: Miners retreat

Mining stocks fall back, including Rio Tinto, which was accused by China of overcharging the country's iron mills by over $100bn over the past six years. The allegations were published by the National Administration for the Protection of State Secrets, which claimed Rio Tinto had spied on Chinese s

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10 Aug 2009 15:01

London afternoon: Stocks still softer

The Footsie continues to trade lower, but in a narrow range as weaker banks and miners easily offset gains among the insurers. Lloyds Banking is apparently mulling a £15bn fundraising to keep down the cost of insuring toxic debt with the Government. Reports in the weekend press suggest the Treasury

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10 Aug 2009 13:34

Tuesday preview: Friends Provident, Greggs

Life insurer Friends Provident could announce a takeover by Resolution along with its interim figures on Tuesday, according to press reports. 'Friends would like the announcement tomorrow (Tuesday) with their results,' one person told Dow Jones Newswires. In a statement out Monday, Friends Provide

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10 Aug 2009 12:03

London midday: Banks drift drags Footsie lower

Banks are leading the Footsie lower amid talk that Lloyds is mulling a fund raising. Weekend reports said Lloyds Banking may raise up to £15bn from the stock market to keep down the cost of insuring toxic debt with the Government. The Treasury is understood to back the bank's tentative plans to ra

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10 Aug 2009 11:17

FTSE 100 movers: Friends talks boost shares

Life insurer Friends Provident is leading the risers after saying it is now is close to agreeing a takeover by Resolution after the terms of the original offer were improved. In a statement, Friends Provident confirmed it had received a new offer of 0.9 Resolution shares for each Friends Provident

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10 Aug 2009 08:50

London open: Footsie heads lower

London has opened lower with reports of Lloyds looking at a big cash call overshadowing bid talks restarting between Friends Provident and Resolution. Life insurer Friends Provident says it is now is close to agreeing a takeover by Resolution after the terms of the original offer were improved. In

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10 Aug 2009 07:44

London pre-open: Weak start predicted

London looks set to make a slightly weaker start in what is likely to be a quiet day for both corporate and economic news. Life insurer Friends Provident is close to agreeing a takeover by Resolution after the terms of the original offer were improved sufficiently for talks to start between the two

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10 Aug 2009 07:09

Resolution closes on Friends Provident takeover

Life insurer Friends Provident is close to agreeing a takeover by Resolution after the terms of the original offer were improved sufficiently for talks to start between the two sides. Resolution made a revised offer of about £1.85bn, sending Friends' shares up by almost 8%. A merger could be annou

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10 Aug 2009 06:10

Monday newspaper round-up: Rio Tinto, Lloyds Banking, Resolution

China has accused Rio Tinto of spying on its steel industry for six years, costing the country Rmb700bn ($102bn) in excessive charges for iron ore. The remarks, contained in an editorial in the magazine of the National Administration for the Protection of State Secrets, indicate that Beijing's det

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9 Aug 2009 09:44

Sunday newspaper round-up: Lloyds Banking, JJB, Friends Provident

Lloyds Banking is weighing up plans for a multi-billion pound share issue to cut its dependency on the taxpayer. The bank is considering a partial withdrawal from the government's asset protection scheme. Eric Daniels, the chief executive of Lloyds, is said to believe the fees attached to the schem

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7 Aug 2009 12:51

Week ahead: Prudential, Friends Provident, Intercontinental Hotels

Life insurance groups take centre stage next week on an otherwise quiet week as the holiday season really kicks in. The sector has already had mixed messages about prospects, with both Legal & General and Aviva cutting their dividends, but it is the turn of Prudential and Friends Provident to give

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4 Aug 2009 12:54

Sector movers: L&G casts cloud over insurers

Life Insurance is worst of the bunch after Legal & General reported after a 92% plunge in operating profit and a 45% cut in the dividend. European embedded value (EEV) operating profit rose 12% to £657m for the six months to 30 June, up from £589m a year ago, but it slumped to £31m from £391m on a

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28 Jul 2009 06:16

Tuesday newspaper round-up: Darling threatens banks over lending

Alistair Darling has effectively threatened Britain's biggest banks with a competition inquiry should they fail to increase cheap lending to mortgage borrowers and small businesses. The Chancellor met the chief executives of seven of the country's biggest banks in the Treasury yesterday along with

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27 Jul 2009 16:59

London close: Footsie equals winning streak

Though it was a close run thing the Footsie ended the day in the blue, equalling its record run of 11 successive days of rises. The blue-chip index was supported by a strong performance from miners and the part-nationalised banks. Lonmin was wanted after Goldman Sachs upgraded the stock to "neutr

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27 Jul 2009 14:34

London afternoon: Winning streak in danger

Footsie has dipped back into the red, with sentiment taking a knock from Wall Street's soft opening. Were the Footsie to finish higher today it would equal a record streak of 11 successive days of gains. Pearson remains the best performer on a much better than expected trading update. The publishin

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