RAMSEY CROOKALL & CO
26 APRIL 2011 Evening Report
Airline IAG, luxury brand Burberry and chip giant ARM are among the best
performing blue chips.
Rio Tinto is edging higher after coming to an agreement with the government of Guinea,
paving the way for work to begin on the Simandou iron ore project in the southern part
of the country.
Meanwhile, other mining stocks including Randgold Resources, Vedanta Resources and
Anglo American are in the red.
Financial Times publisher and education group Pearson has risen after acquiring Schoolnet,
which provides tailored instruction for US school kids, for $230m.
Finally, energy provider Scottish and Southern Energy is among the risers after a positive
report from Credit Suisse which said that the many indicators for profitability are still
not priced-in, and therefore the company’s prospects may be upgraded.
THE FTSE 100 CLOSED Up 51 @ 6069
THE DOW JONES AT 4.40 IS Up 100 @ 12,580
THE NASDAQ COMP AT 4.40 IS Up 23 @ 2849
Exchange Rates
GBP – USD 1.6500
GBP - EURO 1.1320
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