RAMSEY CROOKALL & CO MIDDAY MARKET REPORT

3rd JUNE 2010

All FTSE 100 stocks are on the rise following last night’s strong performance on Wall Street.

Miners are the main benefactors with Eurasian Natural Resources, Xstrata and Rio Tinto amongst the strong risers.

Xstrata has suspended A$586 million of expenditure on Australian projects, which will not be viable under the government’s proposed tax on super profits. The shares are up 27p at ?10.20.

DIY retailer Kingfisher climbs 6p to 229p after reporting a 1.8% decline in like for like sales in the first quarter in which adverse weather conditions across Europe and ongoing uncertainty impacted.

BP rise 14p to 444p as bargain hunters snap up the shares. However, two US democratic senators have called for the company to suspend its annual dividend until the clean-up and liability costs are determined.

The recovery in platinum prices last year came slightly too late for Johnson Matthey as pre tax profits for the year fell 5% to ?254 million, on revenues that slipped to ?7.84 billion from ?7.85 billion. The shares have improved though, and are up 26p at ?15.81.

Synergy Health, which provides outsourced support services to the health industry, posted a 50% rise in profits and said it starts the new year in a ‘strong position’. The shares are up 3p at 609p.



THE FTSE 100 AT 12.00 WAS UP 84 @ 5235

THE DOW JONES CLOSED UP 225 @ 10,249

THE NASDAQ COMP CLOSED UP 58 @ 2281

Exchange Rates

GBP – USD 1. 466

GBP – EUR 1. 197