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BG Dips

But BG shares fell 2.8 percent, the worst blue-chip performer. Traders said there was no specific news hitting the stock but pointed out the shares have outperformed the FTSE 100 by over 13 percent in the past three months.

Banking stocks were mixed. Bradford & Bingley <BB.L> edged higher after saying it was on track to meet market forecasts but rival Abbey National fell 2.3 percent after analysts at Smith Barney trimmed their price target on the stock and repeated a "sell" rating.

Still in the financial sector, fund manager Amvescap <AVZ.L> trimmed some of its losses after unveiling higher first-quarter profits. The Anglo-U.S. group also said funds under management rose. Its shares were down 0.9 percent at 400p, creeping up from a dip to 391p.

Among mid-cap players, engineer Invensys <ISYS.L> jumped 3.5 percent after it struck a deal to sell its Powerware unit to U.S. company Eaton Corp (nyse: ETN – news – people) for $560 million.

Read the entire article at: Forbes 

2004 Online Casino News Archive


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