Market Movers Defensive Qualities Boost Reckitt + Cookson Rights Fears Take Toll + Bargain Hunters Lift Emi + Gresham Slides Further
Jivkov, Michael, The Independent (London, England)
bReckitt Benckiser 1,004p (up 16p, 1.6 per cent). Investors warm to the stock's defensive qualities.
bEMI Group 207p (up 8p, 4.0 per cent). Rallies from lows as bargain hunters step in.
bColt Telecom 46p (up 1.5p, 3.4 per cent). Investors applaud forecast busting second-quarter figures and the appointment of Steve Akin as chief executive.
bSt James Place Capital 125p (up 2p, 1.6 per cent). Dresdner Kleinwort Wasserstein reiterates its "add" rating and 175p target price after interim results.
bManchester United 110.75p (up 1.75p, 1.6 per cent). Rally from weakness prompted pounds 30m purchase of Rio Ferdinand.
bImagination Technologies 28.5p (up 4.5p, 18.8 per cent). Licensing deal with US chip giant Intel Corp excite.
bDaejan Holdings 1,565 (up 67.5p, 4.5 per cent). Investors warm to full-year figures.
bDomino's Pizza 88.5p (up 1p, 1.2 per cent). Unveils interim profit of pounds 1.7m compared with pounds 1.1m previously.
nReuters 283p (down 17p, 5.7 per cent). Traders continue to exit the shares after Tuesday's weak results.
nSainsbury 287p (down 23p, 7.4 per cent). First-quarter sales figures fail to impress prompting broker caution.
nCookson Group 21p (down 7p, 25.0 per cent). Worries that the group may be forced to cancel its rights issue take their toll.
nGresham Computing 62.5p (down 15p, 19.4 per cent). Continues to drop after denial of takeover talks earlier this week.
nWoolworths 35p (down 0.25p, 0.7 per cent). Unveils acquisition of Banana Split Productions for pounds 2m.
nAbbey National 638p (down …
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Publication information: Article title: Market Movers Defensive Qualities Boost Reckitt + Cookson Rights Fears Take Toll + Bargain Hunters Lift Emi + Gresham Slides Further. Contributors: Jivkov, Michael - Author. Newspaper title: The Independent (London, England). Publication date: July 25, 2002. Page number: 22. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.