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London close: US jobs data buoys Footsie

Fri, 03rd Sep 2010 16:33

Footsie was buoyant as trading closed for the weekend following some well-received US jobs data. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous two months was also revised higher, exciting another round of interest in equities.US shares are going well approaching midday New York Time.With little company news here, bid talk has been the main draw for traders in the UK.Temporary power solutions provider Aggreko is still top performer on whispers that someone may be preparing a bid, but the rumour has not yet developed to the stage where the name of the putative predator has been determined.Autonomy moved higher for a second day on bid rumours. Gossip doing the rounds yesterday was acquisition-hungry US software giants Microsoft and Oracle are in the frame as likely bidders at a price north of 2,500p per share. Hedge fund manager Man was wanted after Numis Securities issued a "buy" note yesterday while mobile phones network colossus Vodafone edges higher after Deutsche Bank lifted its price target but there is not much enthusiasm for BP's bill for cleaning up after the oil spill in the Gulf of Mexico has hit $8bn (£5.2bn), up over £1bn in less than a month, and the relief well is not expected to intercept the broken MC252 well for a couple of weeks.Fears that BHP Billiton might end up in a bidding war in its pursuit of Canadian fertiliser firm Potash receded a little after Canadian pension fund Alberta Investment Management spurned an approach from Chinese investors keen to launch a counterbid to BHP's $40bn (£26bn) offer.Soco fell sharply after saying it has plugged and abandoned its first wildcat exploration drilling well at Nganga 1 (NGA-1) in the Nganzi Block, onshore the Democratic Republic of Congo, after hitting water. It's been a tough six months for banana importer Fyffes but conditions have "normalised" over the summer months and the group remains on target to meet forecasts, though profits are well down on last year. Sports and leisure equipment firm Tandem said it expects full year results to be well ahead of market expectations and will pay an interim dividend. Revenue from its Dawes cycle business showed exceptional growth, well ahead of market performance, it added.Ukrainian wheat farmer Landkom is wanted as heat future prices surge in the wake of Russia's decision to extend its ban of wheat imports. Last month Landkom said that it expects to benefit from higher wheat prices caused by hot weather while missing out on the worst of the heat damage that is ravaging crops in the east of Ukraine and Russia . Most of Landkom's farming areas are in the west of Ukraine, which has been unaffected by drought.FTSE 100 - RisersAggreko (AGK) 1,515.00p +5.50%Cable & Wireless Worldwide (CW.) 72.95p +4.51%Barclays (BARC) 325.15p +4.21%Autonomy Corporation (AU.) 1,775.00p +3.44%Kazakhmys (KAZ) 1,285.00p +3.05%BAE Systems (BA.) 321.50p +2.62%Old Mutual (OML) 137.20p +2.31%Essar Energy (ESSR) 424.10p +2.19%British Land Co (BLND) 477.20p +2.18%ICAP (IAP) 438.00p +2.12%FTSE 100 - FallersTullow Oil (TLW) 1,158.00p -2.28%African Barrick Gold (ABG) 602.00p -1.55%Randgold Resources (RRS) 5,910.00p -1.09%Whitbread (WTB) 1,503.00p -0.79%Associated British Foods (ABF) 1,064.00p -0.75%Schroders (SDR) 1,390.00p -0.71%Serco Group (SRP) 601.50p -0.66%Schroders NV (SDRC) 1,131.00p -0.62%Morrison (Wm) Supermarkets (MRW) 289.30p -0.58%United Utilities Group (UU.) 584.50p -0.51%FTSE 250 - RisersPremier Foods (PFD) 20.94p +20.90%Lamprell (LAM) 304.00p +13.60%Game Group (GMG) 73.35p +5.69%DSG International (DSGI) 26.43p +4.92%SThree (STHR) 272.60p +4.60%Ferrexpo (FXPO) 319.80p +4.51%COLT Group S.A. (COLT) 119.50p +4.09%Sports Direct International (SPD) 113.30p +3.85%Talvivaara Mining Company (TALV) 442.00p +3.63%DS Smith (SMDS) 145.80p +3.62%FTSE 250 - FallersConnaught (CNT) 16.60p -12.26%Soco International (SIA) 436.60p -8.39%Yell Group (YELL) 16.75p -5.85%SDL International (SDL) 557.00p -3.13%Xchanging (XCH) 135.10p -2.74%Dunelm Group (DNLM) 386.30p -2.57%Domino's Pizza UK & IRL (DOM) 439.50p -2.40%IG Group Holdings (IGG) 511.00p -2.29%Hunting (HTG) 624.00p -2.04%Rank Group (RNK) 112.20p -2.01%

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