Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPRTY.L Share News (PRTY)

  • There is currently no data for PRTY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close:Dull end to the week

Fri, 22nd Oct 2010 16:24

London has closed lower as Wall Street failed to arouse much enthusiasm and miners fell back with a weak dollar.Talks about currency tensions at this weekend's G20 meeting in Korea are also making traders cautious.Lonmin, Eurasian Natural Resources Corp, Vedanta and Anglo American are lower.Two well-received IPOs couldn't make much impact after an initial burst. AIA, the Asian arm of the American insurance giant AIG, is raising $20.5bn from the float, which it priced at HK$19.68, at the top of the indicated range. The price values AIA at $30.5bn - exactly matching the price Prudential eventually baulked at paying earlier this year after months of shilly-shallying.Meanwhile online betting firm Betfair has priced its London float at 1,300p, valuing it at a more modest £1.39bn.Legal & General is red-faced as it revealed its third quarter results more than two weeks early after sending them to analysts last night by mistake. Included were figures revealing total worldwide new business on an annual premium equivalent (APE) basis of £466m in the three months to 30 September, taking the nine-month number to £1.35bn, up 27% on 2009. Elsewhere, BSkyB is higher after it added more customers than expected in the first quarter, boosting revenue by 15% and profit by 25%, but there's no word on News Corp's bid to take over the satellite broadcaster. Net customer growth of 96,000 in the three months to 30 September took the total to 9.96m, while a 12% increase in net product growth of 989,000 was a record. African Barrick Gold's profit fell 8% during the third quarter and revenue dipped 1%. Net income dropped to $40m during the three months to 30 September from $43m a year ago and sales of $209m compare with $211m in 2009. The company, which recently slashed production forecasts at its Buzwagi operation following a huge fuel theft, blamed the quarterly drop in revenue on a drop in ounces sold, though this was partially offset by 29% increase in the average realised gold price to $1,233 an ounce.Home credit group Provident Financial played down the possible impact of the government's welfare and spending cuts even though its core customer base are low to middle income earners. Events and publishing group UBM's trading environment is improving steadily with revenue for the nine months up 3.9% to £643m (Sept 2009: £619m) and underlying revenue up 2.1%.Internet gambling firm PartyGaming, which is merging with rival bwin Interactive Entertainment, raised revenue by 9% in the third quarter and has named Simon Duffy as chairman of the enlarged group.Broadcast and photographic equipment supplier Vitec says that trading is stronger than expected. The evidence of the period between the 1 July and 21 October is enough to suggest that Vitec will report better than expected 2010 figures. Analysts had been forecasting a 2010 profit of £23m-£24m.FTSE 100 - RisersTUI Travel (TT.) 211.50p +3.17%Resolution Ltd. (RSL) 259.40p +2.90%Essar Energy (ESSR) 539.00p +2.86%Lloyds Banking Group (LLOY) 71.85p +2.12%Marks & Spencer Group (MKS) 426.20p +1.89%Next (NXT) 2,313.00p +1.72%Intertek Group (ITRK) 1,890.00p +1.67%Royal Bank of Scotland Group (RBS) 46.18p +1.36%Inmarsat (ISAT) 626.00p +1.21%Sage Group (SGE) 275.00p +1.10%FTSE 100 - FallersReckitt Benckiser Group (RB.) 3,386.00p -4.62%Man Group (EMG) 257.00p -2.39%Eurasian Natural Resources Corp. (ENRC) 907.00p -2.16%Vedanta Resources (VED) 2,157.00p -1.91%Investec (INVP) 500.50p -1.86%Prudential (PRU) 641.00p -1.84%Weir Group (WEIR) 1,608.00p -1.71%Lonmin (LMI) 1,796.00p -1.64%Bunzl (BNZL) 756.50p -1.63%National Grid (NG.) 585.50p -1.43%FTSE 250 - RisersMicro Focus International Plc (MCRO) 411.50p +7.58%Provident Financial (PFG) 808.00p +4.53%Elementis (ELM) 114.50p +4.47%RPS Group (RPS) 215.00p +4.32%Fidessa Group (FDSA) 1,630.00p +3.89%Ultra Electronics Holdings (ULE) 1,887.00p +3.68%Premier Foods (PFD) 18.60p +3.33%JD Sports Fashion (JD.) 830.00p +3.11%Dunelm Group (DNLM) 490.50p +3.02%Avis Europe (AVE) 214.00p +2.69%FTSE 250 - FallersDaejan Holdings (DJAN) 2,528.00p -5.88%Stagecoach Group (SGC) 206.40p -4.40%Bodycote (BOY) 279.60p -4.38%Taylor Wimpey (TW.) 23.13p -4.10%Stobart Group Ltd. (STOB) 142.90p -3.97%Barratt Developments (BDEV) 80.20p -3.95%Hochschild Mining (HOC) 465.00p -3.57%Mondi (MNDI) 542.50p -2.69%Aquarius Platinum Ltd. (AQP) 365.00p -2.54%Big Yellow Group (BYG) 325.60p -2.19%
More News
29 Jul 2010 11:59

MARKET TALK: PartyGaming, Bwin Merger Makes Sense - D Stewart

1059 GMT [Dow Jones] The proposed merger between PartyGaming (PRTY.LN) and Bwin (BWIN.VI) makes sense, a Daniel Stewart analyst says. The analyst also says consolidation in the sector has been well-forecast. "This has been coming for a long time now." Says the tie-up has earnings growth potential an

Read more
29 Jul 2010 11:57

London midday: PartyGaming jumps on bwin merger

Company results have given traders plenty to ponder and shares are broadly higher, but online betting group PartyGaming is the star performer after announcing a merger with Austrian rival bwin. PartyGaming said the merger would create the world's largest listed online gaming business. Elsewhere i

Read more
29 Jul 2010 11:27

PartyGaming Shares Soar 22% On Proposed Merger With Bwin

By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in PartyGaming PLC (PRTY.LN) soared Thursday after the U.K.-listed gambling group said it plans to merge with Vienna-listed peer bwin Interactive Entertainment AG (BWIN.VI), one of Europe's largest sports book operators.

Read more
29 Jul 2010 11:12

PartyGaming Proposed Merger With Bwin Interactive

LONDON (Dow Jones)--PartyGaming PLC (PRTY.LN) Thursday announces the proposed merger of PartyGaming and bwin Interactive Entertainment AG. MAIN FACTS: -Market leading positions in all key verticals of online poker, sports betting, casino and games (in particular bingo) -Pro forma 2009 ne

Read more
26 Jul 2010 11:59

UK MARKET TALK ROUNDUP: SHARES GAINING

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1059 GMT [Dow Jones] PartyGaming (PRTY.LN) shares are boosted by news last Friday that the financial services committee of

Read more
26 Jul 2010 11:59

MARKET TALK: PartyGaming Rises On US Gambling Bill Scrutiny

1059 GMT [Dow Jones] PartyGaming (PRTY.LN) shares are boosted by news last Friday that the financial services committee of the U.S. House of Representatives will vote Tuesday on a bill to overturn the Unlawful Internet Gambling Enforcement Act, analysts say. Say new legislation could start regulatio

Read more
26 Jul 2010 11:02

MARKET TALK: C Stewart Starts Online Gaming Stocks

1002 GMT [Dow Jones] Collins Stewart initiates coverage of online gaming stocks. Says despite periodic regulatory shocks, online gaming markets have continued to deliver strong growth, increasing their share of the global gaming market. Projects double-digit market growth over the next three years i

Read more
26 Jul 2010 11:02

UK MARKET TALK ROUNDUP: BROKERS COMMENTS

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1002 GMT [Dow Jones] Collins Stewart initiates coverage of online gaming stocks. Says despite periodic regulatory shocks, onl

Read more
7 Jul 2010 06:58

Wednesday tips round-up: PartyGaming, Persimmon, Meggit

Online gamer PartyGaming's protracted merger talks with Bwin, its Austrian rival, are apparently still on ? just. But the biggest game in town is the US, where the authorities, despite their earlier moralistic stance, need the revenues. Any move will probably be on a state-by-state basis, and Part

Read more
6 Jul 2010 17:01

London close: Footsie ends on a high

The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini

Read more
6 Jul 2010 14:03

London afternoon: Rally continues

London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold

Read more
6 Jul 2010 08:54

London open: Miners race away

Miners and oil groups have sent Footsie racing ahead this morning. BP is again leading the way. It has denied looking to raise new money from sovereign wealth funds, but is just highlighting its strengths to potential investors. Tullow Oil has had a "very good" first half during which production

Read more
6 Jul 2010 08:39

MARKET TALK: PartyGaming Merger Could Transform Earnings

0739 GMT [Dow Jones] PartyGaming's (PRTY.LN) potential consolidation in the sector could "transform" the company's financial performance, Liberum Capital analyst Richard Taylor says. "The company admit that talks over a potential (tie-up) have taken longer than expected, but that they remain in tal

Read more
6 Jul 2010 08:39

UK MARKET TALK ROUNDUP: SHARES GAINING

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0739 GMT [Dow Jones] PartyGaming's (PRTY.LN) potential consolidation in the sector could "transform" the company's financ

Read more
6 Jul 2010 08:24

UPDATE: PartyGaming Shares Up As 2Q Revenue Rises On Year

(Rewrites, adds CEO, analyst's comments, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in PartyGaming PLC (PRTY.LN) rose Tuesday after the U.K.-listed gambling group said it expects a 28% rise in second quarter revenue year on year, boosted by acquisitions

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.