RAMSEY CROOKALL & CO

EVENING REPORT

11TH NOVEMBER 2010

In the early afternoon, an early three-digit loss on Wall Street had the Footsie near its worst levels of the day with financials the biggest fallers.

Insurers Aviva, L&G and Standard Life are deep in the red, as are RBS and Barclays on fears about Irish debt. RBS closed at 42.16p

However, metal heavyweights have limited the deficit. Most were still higher, as they have been all day. Antofagasta, Kazakhmys, Xstrata, Fresnillo and Rio Tinto were in demand, as was oil major. BP closed at 445.45p.

Electricity generator International Power said expected 2010 spreads and load factors in its merchant markets remain in line with the guidance given in August

Real estate giant Land Securities built underlying profit up by 6% during the first half – excluding valuation gains of £314m – and businesses are now more willing to commit to new space than even the company expected. Revenue profit grew to £135.9m in the six months ended 30 September, up from £128.4m the year before, though that jumps to £455.3m including the revaluation compared with a £4.6m loss last time. Land Securities closed at 694p

THE FTSE 100 CLOSED DOWN 1 @ 5815

THE DOW JONES AT 4.45PM IS DOWN 91 @ 11,265 THE NASDAQ COMP AT 4.45PM IS DOWN 38 @ 2540

Exchange Rates

GBP – USD 1.61

GBP – EUR 1.18