RAMSEY CROOKALL & CO
20 APRIL 2011 Evening Report
The FTSE closed up 2% as did other major European markets .
Shares of ARM holdings climbed 5.3% as hopes for a strong earnings
report from the chip maker got a boost after Intel Corp reported
both first-quarter profit and sales well above market expectations.
Consumer goods and healthcare giant Reckitt Benckiser PLC posted a
forecast-beating rise in first-quarter profit on higher sales,
boosted by surging demand for household and personal care products
in emerging economies
Mining stocks traded up across the board in London as copper and
gold prices climbed, including a move above $1,500 an ounce for
gold that coincided with a pullback for the U.S. dollar.
BHP Billiton was wanted after it enjoyed record iron ore production
and sales in the first nine months of its financial year. BHP
closed up
Rio Tinto PLC extended its control of Riversdale Mining Ltd and
with it access to a promising coking coal asset in southern Africa.
There were very few weak performers within the FTSE 100, however,
SABMiller shares edged down 0.2% after disappointing results from
Dutch rival Heineken NV.
THE FTSE 100 Closed Up 125 @ 6022
THE DOW JONES at 4:45 Up 190 @ 12456
THE NASDAQ COMP at 4:45 Up 52 @ 2797
Exchange Rates
GBP – USD 1.6413
GBP - EURO 1.1300
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