Kerry Group 'A' Shares (KYGA)

Sector:

Food

  102.40
   
  • Change Today:
     1.60
  • 52 Week High:  125.6
  • 52 Week Low:  92.5
  • Currency: Euro
  • Shares Issued: 176.70m
  • Volume: 23,372
  • Market Cap:  18,094m
  • RiskGrade: 109

London open: Insurers and miners drop

Date: Tuesday 24 Feb 2009

  • Market Movers
  • FTSE 100 3,829.86 -0.54%
  • FTSE 250 5,867.16 -0.88%
  • techMARK 1,143.85 -0.61%

LONDON (ShareCast) - London’s top stock have opened slightly lower, with insurers and miners most prominent among the fallers.

In the insurance sector, Legal & General, Prudential and Aviva are among the top FTSE 100 fallers, while miners Rio Tinto and Xstrata have also fallen back.

Royal Bank of Scotland is this morning’s best performer, with Lloyds Banking also up. Lloyds is to get the £480m annual interest bill on the preference shares issued to the government wiped out in return for a commitment to boost mortgage and small business lending, reports today suggest. According to the FT, the government is prepared to swap the £4bn of Lloyds preference shares into a different type of non-interest bearing equity.

Housebuilder Redrow said it swung to a half-year pre-tax loss, blaming a sharp drop in the availability of mortgage finance. Pre-tax losses came to £46.2m in the six month ended 31 December compared with a profit of £35.8m in the first half.

Mortgage approvals for house purchase averaged only 31,000 per month in the second half of 2008, a reduction of 67% on the corresponding period in 2007, the group said. Turnover was £149.5m, down from £353.1m, following a reduction of 51% in the number of legal completions to 1,042 homes coupled with a 14% reduction in the average selling price to £140,500.

Astrazeneca said its partner MAP Pharmaceuticals has revealed that its initial Phase III clinical trial of Unit Dose Budesonide (UDB) for the potential treatment of children with asthma did not meet its co-primary endpoints.

Platinum miner Lonmin said it has reached agreement with unions regarding restructuring at its Marikana and Limpopo operations in South Africa, which will result in around 5,5500 job cuts.

Wealth manager and HBOS subsidiary St James Place held its final dividend despite a fall in assets under management and profits also slipping last year. On an embedded value, operating profits for 2008 fell to £204.3m, from £244.7m, new business profits fell to £123.5m (2007: £150.9m), while net assets dropped to 232p from 252p.

Trading is becoming tougher for Carr's Milling compared with last year when it upped its profit forecast by five times. The 26 weeks to 28 February 2009 are expected to be broadly similar to the first half of last year (when a pre-tax profit of £5.2m was reported on revenue of £161.9m) Carr's said, adding that conditions became more difficult in the later weeks of the period.

Construction firm Morgan Sindall delivered a record result for the year, in line with expectations, as strong public sector demand in education and healthcare offset the weak commercial property sector. The group however said it expects 2009 to remain challenging as the construction and regeneration markets continue to be affected by the general economic downturn.

Data management specialist SDL revealed a 54% increase in pre-tax profit, ahead of forecasts, but is cautious for 2009.

Ingredients & flavours firm Kerry Group said it achieved good organic revenue and margin growth for the year despite tough cost pressures. The group also said it is confident of delivering earnings growth in 2009 to a range of 160 to 165 cent per share.

Emerging markets fund manager Ashmore said assets under management in the six months to 31 December 2008 fell 34% to $24.6bn as volatile markets continue.


FTSE 100 - Risers
Royal Bank of Scotland Group (RBS) 21.70p +2.36%
Admiral Group (ADM) 848.00p +1.56%
Serco Group (SRP) 404.75p +1.25%
Associated British Foods (ABF) 651.00p +1.24%
Drax Group (DRX) 519.50p +1.17%
Smith & Nephew (SN.) 524.50p +1.16%
Shire Plc (SHP) 902.50p +0.89%
Inmarsat (ISAT) 411.50p +0.73%
Lloyds Banking Group (LLOY) 57.20p +0.70%
Randgold Resources (RRS) 3,365.00p +0.69%

FTSE 100 - Fallers
3i Group (III) 190.10p -6.01%
Invensys (ISYS) 146.60p -4.43%
Legal & General Group (LGEN) 35.00p -4.37%
Rio Tinto (RIO) 1,745.00p -4.28%
Xstrata (XTA) 622.00p -3.79%
Man Group (EMG) 166.80p -3.75%
Prudential (PRU) 278.25p -3.64%
Aviva (AV.) 276.25p -3.58%
TUI Travel (TT.) 220.25p -3.40%
BAE Systems (BA.) 379.25p -2.76%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

KYGA Market Data

Currency Euro
Share Price   102.40
Change Today   1.60
% Change 1.59 %
52 Week High  125.6
52 Week Low  92.5
Volume 23,372
Shares Issued 176.70m
Market Cap  18,094m
RiskGrade 109

KYGA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.94% below the market average93.94% below the market average93.94% below the market average93.94% below the market average93.94% below the market average
93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average
Price Trend
52.47% above the market average52.47% above the market average52.47% above the market average52.47% above the market average52.47% above the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average
Income
88.87% below the market average88.87% below the market average88.87% below the market average88.87% below the market average88.87% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
66.65% below the market average66.65% below the market average66.65% below the market average66.65% below the market average66.65% below the market average
17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 2
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KYGA Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Oct-20 16-Apr-20
Paid 13-Nov-20 15-May-20
Amount 25.90¢ 55.10¢

Trades for 29-Oct-2020

Time Volume / Share Price
17:50 61 @  102.94
17:33 1,964 @  102.39
16:53 4,473 @  102.86
16:35 35 @  102.40
16:35 188 @  102.40

KYGA Key Personnel

Chair Philip Toomey
CEO Edmond Scanlon
CFO Marguerite Larkin

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