RAMSEY CROOKALL & CO

22nd  June 2011

Evening Report

The FTSE 100 ended flat.UK banks fell in London as jitters regarding Greece remained.

from Credit Suisse. West Africa-focused miner Randgold Resources rose, tracking gold prices higher.

Meanwhile, water groups Severn Trent and United Utilities were on the decline, being the worst two performers on the blue chip index.

Financial stocks Barclays, Standard Chartered and HSBC were also unwanted.

Pharmaceuticals behemoth AstraZeneca closed firmer after announcing that it is to sell its dental and healthcare Astra Tech business to DENTSPLY for around $1.8bn in cash.

Scottish engineer Weir finished higher after extending its global reach with the acquisition of a majority interest in a South Korean valves business. Panmure Gordon raised its target price for the stock from 2,045p to 2,270p, saying that “Weir is well positioned to exploit this rapid rise in the pressure pumping equipment market.”

      THE FTSE 100 closed           Down            2       @     5772

THE DOW JONES at 4:50                    flat                    @    12190

THE NASDAQ COMP at 4:50                  Up              1       @    2688   Exchange Rates GBP – USD           1.6133 GBP - EURO         1.1195