RAMSEY CROOKALL

DAILY REPORT

26 APRIL 2010

The London market closed higher buoyed by the strength of miners and banks

Royal Bank of Scotland climbed 2p to 58p in a buoyant banking sector despite one city analyst suggesting that shareholders, including the UK government, should sell the shares at this price.

Pay TV and Internet service provider British Sky Broadcasting fell 17p to 612p after analysts predicted the satellite broadcaster’s quarterly figures due out this week will lack lustre.

In the FTSE 250, engineer Weir Group climbed after saying expects profits for the first half to be ahead of expectations after a strong first quarter. It expects first half profits to be about ?30m ahead of previous expectations.

Housebuilder Redrow was another with good news for shareholders. The company expects to return to profitability in the second half after being ‘encouraged’ by sales activity since the start of the year.

Power peripherals supplier Chloride has soared ahead after it received an indicative cash bid approach from US rival Emerson worth 275p per share and ?723m in total.

British coal miner UK Coal said pre-tax annual losses widened as Hargreaves Services confirmed it was still committed to merger plans

A decline in fourth quarter production and subdued market price for coal hit full year results UK Coal explained.



THE FTSE 100 WAS up 35.67 @ 5,759.32

WALL STREET THE LATEST DOW JONES WAS up 51.92 @ 11,256.20

NASDAQ WAS up 2.59 @ 2,532.74

and that was today’s Ramsey Crookall & Co’s market report.