ABC Money
Home

SSL International adds 33 percent on bid from Reckitt Benckiser


Published :
Wed, 21 Jul 2010 08:51
By : financemarkets.co.uk
Print this Story


AddThis Social Bookmark Button


SSL International adds 33 percent on bid from Reckitt Benckiser

European equities markets were mostly higher Wednesday on better than expected quarterly results from Apple (NAS: AAPL), Italian carmaker Fiat (BIT: F) and French hotels operator Accor (Euronext: AC), as well as on mergers and acquisitions news.


The FTSE 100 was 1.46 percent higher to 5,214.64 in London, while the FTSE 250 was up 1.6 percent to 9,846.3.


The biggest gain in London came from health care products manufacturer SSL International (LSE: SSL), which added 33.45 percent on the 250 on a bid from consumer goods maker Reckitt Benckiser (LSE: RB).


Meanwhile, BP (LSE: BP) was up 3.21 percent after it made a deal with US oil company Apache Corporation (NYSE: APA), which bought $7 billion worth of BP assets in North America and Egypt.


Miners were higher as Ferrexpo (LSE: FXPO) added 8.76 percent on the 250 to lead gains in the sector, while Kazakhmys (LSE: KAZ) was up 6.96 percent for the best performance on the 100, followed by Antofagasta (LSE: ANTO), which added 4.81 percent, and a gain of 4.08 percent for Xstrata (LSE: XTA).


British Airways (LSE: BAY) was the biggest gainer in the travel and leisure sector, adding 5.37 percent, while automobile retailer Inchcape (LSE: INCH) led the retail sector as it gained 7.55 percent.


ARM Holdings (LSE: ARM), which designed the semiconductors in Apple’s iPhone, added 2.5 percent after Apple revealed its quarterly results.


The biggest decline in London came from the telecommunications sector, where Cable & Wireless Worldwide (LSE: CW) dropped 5.36 percent on the 100, while energy efficiency products provider Eaga (LSE: EAGA) dropped 4.15 percent for the worst performance on the 250.


The FTSE Eurofirst 300 was up 1.08 percent to 1,017.48 while the Dax added 0.38 percent to 5,990.38 and the CAC-40 gained 0.75 percent to 3,493.92, but the IBEX dropped 0.2 percent to 10,040.8.


Markets in the Asia-Pacific region were mixed, but most were higher as investors were optimistic that China might ease monetary policy later in the year after recent data showed that the economy there did not grow as quickly in the second quarter as it did in the first quarter.


Also helping gains was the positive quarterly report from iPhone maker Apple.


Tokyo’s markets were mostly lower as exporters were hurt by a stronger yen, with the Nikkei 225 falling 0.23 percent to 9,278.83 while the Topix index dropped 0.35 percent to 829.35 but the Mothers market added 0.34 percent to 387.91.


Carmakers were lower as Toyota (TYO: 7203) dropped 0.8 percent and Nissan Motor (TYO: 7201) was 1 percent lower.


Industrial robot maker Fanuc fell 0.6 percent and conglomerate Toshiba (TYO: 6502) was down 0.7 percent.


Construction companies also declined after Mizuho Securities began coverage of several builders with a rating of “underperform”.


Kajima Corporation (TYO: 1812) was down 1.46 percent while Taisei Corporation (TYO: 1801) fell 1.67 percent,. Shimizu Corporation (TYO: 1803) was 1.85 percent lower and Obayashi Corporation (TYO: 1802) dropped 2.16 percent.


Other decliners included Taiwan’s Taiex, which was 0.14 percent lower to 7,701.29, and the Straits Times Index with a drop of 0.76 percent to 2,926.09.


Australian markets were higher as the Sydney Ordinaries added 0.23 percent to 4,428.7 and the S&P/ASX200 gained 0.29 percent to 4,412.7.


The Shanghai Composite was up 0.26 percent to 2,535.39, the Kospi added 0.69 percent to 1,748.78, the Sensex was 0.55 percent higher to 17,977.23 and the Hang Seng gained 1.1 percent to 20,487.23.


New York markets were mixed in midday trade, with technology stocks generally lower despite Apple’s positive quarterly report, after Yahoo (NAS: YHOO) turned in results that disappointed and Citigroup downgraded it from “buy” to “hold”.


The Dow Jones Industrial Average was up 0.18 percent to 10,248.36 at just past 12:30 p.m. in New York, while at the same time the S&P 500 had added 0.08 percent to 1,084.32 but the Nasdaq Composite was 0.04 percent lower to 2,221.56.


Crude oil prices were slightly lower at midday after the US Energy Information Administration reported that crude stockpiles grew unexpectedly last week, while metals prices were higher in New York.






Share on



Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 viploan.co.uk, All Rights Reserved
*viploan.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.