RAMSEY CROOKALL & CO

      17th September 2012

Evening Report

The FTSE 100 ends 0.4% lower at 5893 as investors move to book recent gains. With little data or other fresh catalysts to drive direction Monday, stocks stayed lower for most of the session. Miners ended down, following a strong run last week.

Reckitt Benckiser, the Anglo-Dutch household goods firm behind the Cillit Bang brand, rose after it nabbed Adrian Hennah from medical technology business Smith & Nephew to be its new Chief Financial Officer.

Unilever rose after UBS issued a "buy" note on the stock. The same broker has turned bearish on chip-designer Imagination Technologies, downgrading it to "sell" from "neutral".

Telecommunications service provider BT fell after it unveiled Luis Alvarez as its new Chief Executive Officer of Global Services from October 1st. Alvarez has been with BT for 12 years in a variety of roles, most recently President of BT Global Services Europe, Middle East, Africa and Latin America.

Global platinum powerhouse Lonmin was up despite revealing that the strikes at its mines in South Africa have reduced full year production expectations and increased unit costs as violence continues. On the other hand, the most recent reports indicate that at least some of its workers are now ready to moderate their wage demands, to 11,000 Rand per month, Bloomberg TV is reporting.

Aquarius Platinum was also on the rise after saying that mining operations have resumed at its Kroondal platinum mine near the city of Rustenburg in South Africa.

THE FTSE 100             closed         Down       22          @      5,893 THE DOW JONES            @ 17:00        Down       32          @     13560 THE NASDAQ               @ 17:00       Down        8          @      3175 Exchange Rates GBP – USD        @      17:00                   1.6264 GBP - EURO      @      17:00                  1.2390