RAMSEY CROOKALL & CO MARKET REPORT EVENING

26th May 2010

The London market recouped most of yesterday’s losses as the two sectors hardest hit yesterday, mining and banking recovered strongly. Broker comment that these sectors were oversold encouraged the buyers back in.

BP climbed 10p to 495?p despite the US Environmental Protection Agency mulling a ban on government contracts with the British oil company.

Luxury retailer Burberry climbed after it revealed a 23% increase in full year adjusted pre tax profit. The company opened more shops and saw strong growth in raincoats and shoes.

BT is making contingency plans to deal with possible strike action after union leaders rejected a new pay deal for staff employed at the telecoms giant.

Bookmaker William Hill is to stop taking business from clients resident in France after laws in the country changed.

East London property developer Telford Homes said the property market in the area has improved in the last six months and remains stable.

World Markets

THE FTSE 100 CLOSED UP 97 @ 5038

THE DOW JONES AT 4.30 IS UP 53 @ 10,097

THE NASDAQ COMP AT 4.30 IS UP 24 @ 2235



Exchange Rates

GBP – USD 1. 44

GBP – EUR 1. 178