RAMSEY CROOKALL & CO
30th November 2012
Evening Report
The FTSE 100 ends down 0.1% at 5866.82 in quiet, end-of-month trading, as investors digest
developments in Greece's situation. The German Bundestag Friday voted in favor of the latest
Greek bailout, so focus now shifts to the debt buyback, which is expected to be launched next week.
International Consolidated Airlines Group said it has lodged a lawsuit against the pilots' union at
its Iberia unit in connection with strikes taken by the Spanish union in late 2011 and early 2012.
Royal Bank of Scotland Group said Friday it would no longer sell its Indian retail and commercial
business to HSBC Holdings PLC and would instead wind the business down. The deal, which was first
announced in 2010, fell through because all the commercial terms of the deal couldn't be satisfied,
HSBC said in a statement.
Sportingbet an online betting firm, reported a 35% fall in first quarter fiscal 2013 revenue, which
it blamed on challenging trading conditions, but said November has seen a return to normal trading
levels, with a particularly strong Australian sports margin and it expects full year results to meet
current expectations.
Russia's state-controlled oil giant OAO Rosneft (ROSN.RS) will sign a binding deal in December with a
consortium of Russian billionaires for the sale of their 50% stake in TNK-BP (TNBP.RS), Rosneft Chief
Executive Igor Sechin said Friday.
The U.K. government will "soon" give a final decision on whether to give the green light to hydraulic
fracturing, a controversial process of extracting shale gas, as part of the government's broader gas
strategy to be announced next week.
THE FTSE 100 Closed down 3 @ 5866
THE DOW JONES @ 17:00 Down 21 @ 13000
THE NASDAQ @ 17:00 Down 9 @ 3002
Exchange Rates
GBP – USD @ 17:00 1.6024
GBP - EURO @ 17:00 1.2319
Gold USD/Oz $1,715
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