RAMSEY CROOKALL & CO
18 MARCH 2011 EVENING REPORT
The FTSE 100 stayed firm over the afternoon after a healthy open on Wall Street and welcome
news of a Libyan ceasefire. The ceasefire reversed the direction of the oil price, which had
been heading higher, much to the joy of shareholders of crude-thirsty cruise operator Carnival,
British Airways owner International Consolidated Airlines and holiday firm TUI Travel .
Power and gas grid operator National Grid is going well after OfGem published details of its
new price review regime which it said will provide strong incentives and penalties to encourage
smarter, more sustainable networks, delivering improved customer service.
Go Ahead raced ahead after the bus and train operator said it had accepted the Southeastern
rail franchise.
Finally, bookmaker William Hill has been granted an extension to the injunction preventing
Playtech from selling its stake in William Hill Online. In court yesterday, it was agreed the
injunction will stay in place until a further court hearing which is expected to occur in May
or shortly thereafter.
THE FTSE 100 CLOSED UP 22 @ 5718
THE DOW JONES AT 4.50 IS UP 117 @ 11,890
THE NASDAQ COMP AT 4.50 IS UP 14 @ 2650
Exchange Rates
GBP – USD 1.6228
GBP - EURO 1.1446
Friday 18th, March 2011 05:10pm.
