{"id":2317,"date":"2004-02-06T00:00:00","date_gmt":"2004-02-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"shares-and-market-report-market-movers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2004\/shares-and-market-report-market-movers.html","title":{"rendered":"Shares And Market Report: Market Movers"},"content":{"rendered":"<p>bICI 220.25p (up 6.25p, 2.9 per cent). HSBC Securities upgrades to &#8220;add&#8221; from &#8220;reduce&#8221; following forecast-busting fourth quarter numbers from the chemicals giant.<\/p>\n<p>  bSmith &amp; Nephew 498.5p (up 13.5p, 2.8 per cent). Hits its full year profit targes and issues a rather positive outlook statement for 2004.<\/p>\n<p>  bMm02 86.75p (up 2.25p, 2.7 per cent). Brokers upgrade forecasts after Wednesday&#8217;s strong subscriber numbers.<\/p>\n<p>  bReuters 342.5p (up 4.5p, 1.3 per cent). Deutsche Bank upgrades to &#8220;buy&#8221; from &#8220;hold&#8221; and sets a new price target of 380p.<\/p>\n<p>  bInvensys 26.5p (up 2.75p, 11.6 per cent). Market welcomes engineer&#8217;s pounds 2.7bn refinancing package.<\/p>\n<p>  bCanary Wharf 276.75p (up 10.25p, 3.9 per cent). Morgan Stanley ups its offer for the property group to 275p following a 270p bid from Brascan.<\/p>\n<p>  bIntertek 475p (up 14p, 3.0 per cent). Goldman Sachs upgrades to &#8220;outperform&#8221; from &#8220;in line&#8221; on valuation.<\/p>\n<p>  bArc Risk Management 1.75p (up 0.25p, 16.7 per cent). Licensing deal with America&#8217;s World Access excites investors.<\/p>\n<p>  bPan Andean Resources 21p (up 2.75p, 15.1 per cent). Positive news from the group&#8217;s Texas operation drives the stock higher.<\/p>\n<p>  nBritish Energy 6.9p (down 3.35p, 32.7 per cent). US hedge fund Appaloosa sells down its stake in the troubled electricity provider.<\/p>\n<p>  nEurodis Electron 7.25p (down 2p, 21.6 per cent). Unveils a pounds 39m equity issue at 5p and posts poor interim figures.<\/p>\n<p>  nScipher 4.37p (down 1.13p, 20.5 per cent). Lauches restructuring plan aimed at making the group profitable by March of next year.<\/p>\n<p>  nYorkshire Group 7.5p (down 0.75p, 9.1 per cent). Profit taking after recent strong gains.<\/p>\n<p>  nAvesco 118.5p (down 7.5p, 6.1 per cent). Warns that its full year results will come in below expectations due to the weak performance of its Creative Technology business.<\/p>\n<p>  SEAQ TRADES: 199,052<\/p>\n<p>  SEAQ VOLUMES: 4.49bn<\/p>\n","protected":false},"excerpt":{"rendered":"<p>bICI 220.25p (up 6.25p, 2.9 per cent). HSBC Securities upgrades to &#8220;add&#8221; from &#8220;reduce&#8221; following forecast-busting fourth quarter numbers from the chemicals giant. bSmith &amp; Nephew 498.5p (up 13.5p, 2.8 per cent). Hits its full year profit targes and issues [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2317","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=2317"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2317\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=2317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=2317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=2317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}