In a note, the investment bank said the firm faces three years of heavy investment in its new legacy assets without the prospect of material production growth.
Barratt Developments eased 5.50 to 968 - the homebuilder reporting in a full year trading update that total completions increased by 6% to 15,517 2006: 14,601 with second half performance at 8,311 - up 9% on the same period last year.
Average selling prices of £169,700 2006: £165,800 were up c.2.3% on 2006.
It noted that the competitiveness of the market and product mix changes have constrained average selling price growth. However, the combination of a number of high margin sites coming through to completion, alongside tight cost controls, should enable it to deliver a full year operating margin percentage at similar levels to last year.
BSkyB gained 28.50 to 700.50 - the satellite TV operator adding a net 90,000 new customers in Q4, up 17% year-on-year. The upbeat numbers came after a successful launch into broadband and was enough to see the firm's share price hit a 3-year high.
The company also confirmed it has seen its fastest growth in terms of adding subscribers in years and was on target to achieve its long-term objective of 10 million customers by 2010 and 3 million broadband customers within 4 years.
On the broadband side of the equation 259,000 customers were added in Q4, bringing the overall total to 718,000 - slightly ahead of the original target.
London Stock Exchangeclosed unchanged at 1363 - the stock exchange operator reporting record Q1 revenues of £100.1 million - this on the back of strong share trading numbers and an active listings market.
Whitbread rose 129 to 1947 - the hotels and leisure group again the subject of bid speculation - the latest name to be put in the frame being US hotels group, Starwood Capital.
Reports have suggested that Starwood may be prepared to pay up to 2400p per share.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2007-07-11 16:52:45 © Moneyextra.com
| Unsecured Loans |
| Barclays Bank - Existing Customer Barclayloan Plus Funded | ||||
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Barclays Bank |
Monthly Payment |
Representative APR |
Rate Type |
Total Payable |
| £386.94 | 6.2% | Fixed | £23,216.38 | |
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Representative example: based on a loan of £20000 Representative APR 6.2% Fixed. Total amount repayable £23,216.38 at £386.94 per month for 60 months. |
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| Secured Loans |
| Blemain Finance - Secured Loan | ||||
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Blemain Finance |
Monthly Payment |
Representative APR |
Rate Type |
Total Payable |
| £333.33 | 0.0% | Variable | £20,000.00 | |
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Representative example: based on a loan of £20000 Representative APR 0.0% Variable. Total amount repayable £20,000.00 at £333.33 per month for 60 months. |
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| Blemain Finance - Secured Loan | ||||
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Blemain Finance |
Monthly Payment |
Representative APR |
Rate Type |
Total Payable |
| £333.33 | 0.0% | Variable | £20,000.00 | |
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Representative example: based on a loan of £20000 Representative APR 0.0% Variable. Total amount repayable £20,000.00 at £333.33 per month for 60 months. |
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| Blemain Finance - Secured Loan | ||||
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Blemain Finance |
Monthly Payment |
Representative APR |
Rate Type |
Total Payable |
| £333.33 | 0.0% | Variable | £20,000.00 | |
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Representative example: based on a loan of £20000 Representative APR 0.0% Variable. Total amount repayable £20,000.00 at £333.33 per month for 60 months. |
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