RAMSEY CROOKALL & CO 29th  November 2011

Morning Report

The FTSE 100 index has fallen 0.2% , with shares of miner Randgold Resources Ltd up 2.1% after tumbling Monday. Banks and miners were giving up a portion of the prior day’s gains, with shares of HSBC Holdings down 0.5% and Rio Tinto PLC off 1.45%.

BHP Billiton Ltd has moved a step closer to approving the multi-billion expansion of its Olympic Dam copper, gold and uranium mine into one of the world's largest open-pit operations after an Australian state passed legislation allowing the project to proceed.

U.K.-listed Russian gold producer Highland Gold Mining Ltd said Tuesday the Russian State authorities have approved its plans to build a stand-alone processing plant at its Belaya Gora gold project in southeast Russia, which it hopes could be commissioned in the fourth quarter of 2012.

AstraZeneca's and Bristol-Myers Squibb's announced that the European Commission has granted marketing authorization for their diabetes treatment Komboglyze.

Spread betting pioneer IG Group saw a high level of client activity in the second quarter of its financial year, as a result of which it currently expects that it will achieve revenues in excess of £193.0m for the first half, compared to £156.7m in the corresponding period for the prior year. Costs have been in line with management's expectations.

Shares in oil exploration firm Enquest jumped this morning after it upped production guidance after deciding to develop two new fields. Enquest said it would begin an $850m development of its Alma and Galia fields, subject to anticipated regulatory approvals.

THE FTSE 100  at 10:00                Down       11      @      5,301

THE DOW JONES closed                  Up         291     @      11523                                        THE NASDAQ COMP closed                Up         85      @      2527                                             

Exchange Rates

GBP – USD     @ 10.00        1.5569 GBP - EURO    @ 10.00        1.1665 ??

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