RAMSEY CROOKALL & CO 12th October 2012

      Evening Report The FTSE 100 ends down 0.6% at 5793.32 and finishes the week 1.3% lower. Evraz is the biggest faller, ending down 5.4% after being downgraded by Credit Suisse. On the FTSE 250, Morgan Crucible falls 11.1% following its profit warning. On the upside, Hargreaves Lansdown is the standout performer, closing up 2.3% following well-received results. Traders are still waiting for a bailout request from Spain.

Morgan Crucible Company, the advanced materials company, said its full-year performance is likely to be materially below the company's previous expectations, reporting that trading conditions deteriorated in the third quarter, particularly in Europe and China.

Financial services group Hargreaves Lansdown said Friday that Assets Under Administration increased by GBP2.2 billion in the three months to Sept. 30 to GBP28.5 billion, adding that it has had an "excellent" start to October.

The U.K.'s largest energy supplier, Centrica said Friday it will raise retail domestic gas and electricity prices by an average of 6% on Nov. 16 to reflect rising wholesale natural gas prices and higher costs associated with network upgrades and environmental policies.

Construction company Morgan Sindall Group said that its joint venture with Arup Group Ltd, has been selected as a preferred delivery partner for a potential GBP1.1 billion contract to provide services at the Sellafield nuclear site.

A Rio Tinto executive said Friday that the global mining company was becoming more optimistic about the outlook for the iron-ore market following a recent partial price recovery for the steel-making ingredient.

Travis Perkins, a U.K. supplier of building materials, announced that gross margins came under pressure during the third quarter due to competitive market conditions and low inflation which limited opportunities for stock investment gains, but said it remains on course to achieve full year earnings per share of around 95 pence.

Engineering services provider Melrose intends to implement a corporate reorganization pursuant to which a new listed holding company will be introduced for the Melrose group of companies, adding it will have no impact on the reported historic financial statements of Melrose.

THE FTSE 100             closed          Down      36     @      5793 THE DOW JONES            @ 17:00         Down      11     @     13314 THE NASDAQ               @ 17:00         Down      6     @      3042

Exchange Rates GBP – USD        @       17:00              1.6071 GBP - EURO      @       17:00              1.2416











Gold USD/Oz                                 $1,760