RAMSEY CROOKALL & CO
19 APRIL 2011 Evening Report
UK stocks maintained their gains during the course of the afternoon
Luxury fashion brand Burberry is the best performing blue chip after announcing
that it expects profits for the financial year to March 31 to be at the top end
of expectations after a strong performance in the final few months.
Miners Fresnillo, Anglo American, Lonmin, Xstrata, BHP Billiton and Vedanta
Resources are also performing well.
Wealth manager Hargreaves Lansdown is firmer after assets under administration
grew by £1.3bn during the three month period to £23.6bn and were up by 34% from
the same period a year ago.
Retail giant Tesco, however, is lower after revealing its 2010 results which were
slightly below par, with the UK seeing negative like-for-like sales growth in the
fourth quarter.
Finally, brewing giant SABMiller is edging higher after it saw volume growth in
all markets but North America in the quarter to 31 March and said its overall
financial performance was in line with expectations
THE FTSE 100 CLOSED Up 26 @ 5896
THE DOW JONES AT 4.45 IS Up 7 @ 12,209
THE NASDAQ COMP AT 4.45 IS Down 7 @ 2727
Exchange Rates
GBP – USD 1.6306
GBP - EURO 1.1393
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