RAMSEY CROOKALL & CO

EVENING REPORT

10TH NOVEMBER 2010

Mining stocks dragged London lower over the afternoon as copper and precious metal prices came off the boil.

Kazakhmys, Lonmin and ENRC were the worst performers while precious metals miners Randgold and Fresnillo fared little better.

BAE Systems was one of the best performing blue-chips after holding an investor day yesterday. The company has admitted that it is seeing delays in new orders from the US but chief executive Ian King said it was less affected by US decision-paralysis than many of its rivals

Fears that the dividend of utility Scottish & Southern Energy might be under threat look premature, as the company bumped up its interim dividend by 6.7%. The company hiked its interim dividend from 21.0p last year to 22.4p this time round, and said it is on course for a full year dividend of at least 74.5p per share. The update has impressed investors. The stock is rivalling BAE Systems for the position as best performing Footsie stock, though it is off its best levels for the day.

Trendy clothing group SuperGroup saw its breakneck growth speed up in the three months to the end of October. Total group sales in the period were up 68% to £57.5m from £34.1m a year earlier. That brought sales for the first six months of the group’s financial year up to £90.3m, up 65% on the £54.7m achieved in the first half of last year.

THE FTSE 100 CLOSED DOWN 58 @ 5816

THE DOW JONES AT 4.45PM IS DOWN 31 @ 11,314 THE NASDAQ COMP AT 4.45PM IS DOWN 4 @ 2558

Exchange Rates

GBP – USD 1.60

GBP – EUR 1.16