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CFD Traders DiaryFund managers benefit from new hedge fund flotation9/2/2007
The
FTSE 100 index bounced back after yesterday’s pause to enjoy another strong
start with BG Group leading the pack
after yesterday’s impressive rise on well received figures. Broker and press comment has been positive,
as it has also been for GlaxoSmithKline
and Rolls Royce who also reported yesterday.
Another big riser so far is Man Group, which responded to the top of the
range pricing for Fortress Investment Group, the first publicly traded hedge
fund in the US. The rise in commodity prices overnight also
saw the mining sector rack up steady gains.
In
other news, Cairn Energy announced
it has secured an interest in two new exploration blocks in India, with the extra acreage
awarded to Cairn India under the sixth New
Exploration Licensing Policy round. HBOS has bought an additional 5% of
the shareholding in Sainsbury's Bank for £21m from J Sainsbury, and each party now holds 50%.
De La Rue's reported that
trading since November has been stronger than expected across all areas. The
banknote and paper businesses are operating at full capacity and expected to do
so until the end of the financial year. FirstGroup confirmed it is to acquire Laidlaw, America's biggest operator of yellow school buses, in a
£1.9bn deal. Shopping centre group Freeport has terminated discussions with all parties that had
expressed interest in a potential offer for the company, including Carlyle Real
Estate Advisors UK Limited. Sportingbet is to take a £55m
write-off after a decision to switch from its own Paradise
software onto Boss Media software. |
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