Dec. 14 (Bloomberg) -- U.K. stocks advanced, paced by GUS
Plc, Rio Tinto Plc and Royal Dutch Shell Plc. GUS gained after it
bought U.S. online price-comparison service PriceGrabber.com.
The FTSE 100 Index added 14.8, or 0.3 percent, to 5522 as of
11:40 a.m. in London. The FTSE All-Share Index gained 0.2 percent,
to 2791.19. Ireland's ISEQ Overall Index lost 0.6 percent to
7110.60, dragged down by Bank of Ireland.
GUS Plc, the British owner of the Experian credit-checking
business, gained 1.2 percent to 995 pence. The company bought
PriceGrabber.com for $485 million to expand its Internet
operations.
Rio Tinto, the world's third-biggest mining company, gained
0.3 percent to 2,482 pence. The company approved a $112 million
project to extend the life of Namibia's only uranium mine, which
supplies about 7.7 percent of the world's nuclear fuel.
Shell, the third-largest publicly traded oil company, gained
0.4 percent to 1,811 pence. Royal Dutch Petroleum Co., one of the
former holding companies of Royal Dutch Shell Plc, said it
reached a settlement in a legal proceeding brought by the asset
manager Trafalgar regarding compensation for the company's
minority shareholders.
PartyGaming gained 1.6 percent to 130 pence after HSBC
raised its price forecast to 134 pence from 122.
Bank of Ireland, Ireland's biggest lender, slipped 0.9
percent to 13.36 euros in Dublin. Ryanair Holdings Plc, Europe's
biggest discount airline, slipped 1.9 percent to 7.58 euros.
The following stocks also gained or fell in the U.K. market.
Stock symbols are in parentheses.
British Land Co. (BLND LN), Europe's second-largest real
estate developer, gained 1.9 percent to 997 pence. The company's
investments in London's financial district may be bought by Abu
Dhabi's royal family, the Financial Times said, without saying
where it got the information.
Carluccio's Ltd (CARL LN), which runs a chain of Italian
restaurants that include food stores, surged 25 percent to 118
pence. Investors in Carluccio's sold shares to institutional
buyers at 94.5 pence apiece in the first day of trading. The
company didn't sell any new stock.
Gulfsands Petroleum Plc (GPX LN), an oil and gas exploration
company, rose 17 percent to 103 pence, the biggest one-day gain
since the company's initial share sale. The company said it found
natural gas at one of its exploration wells in the Gulf of Mexico.
Hays Plc (HAS LN), Britain's biggest recruitment company,
fell 2.7 percent to 125 pence. The stock fell on concern about
the domestic market, which accounts for 70 percent of sales. ``A
slowdown in the U.K. against a market backdrop which appears to
be strengthening is a disappointment,'' analysts at Dresdner
Kleinwort Wasserstein said in a note to investors.
Lancashire Holdings Ltd. (LRE LN), a Bermuda-based insurer,
gained 0.9 percent to 322 pence. The company raised $53 million
through the sale of additional shares following an initial public
offering yesterday.
London Stock Exchange Plc (LSE LN), Europe's largest
exchange by value of listed companies, gained 0.1 percent to 616
pence. Macquarie Bank Ltd. yesterday met with the London
Investment Banking Association and the Association of Private
Client Investment Managers and Stockbrokers in connection with
the Australian investment bank's proposed bid for London Stock
Exchange Plc, the Guardian said, without saying where it got the
information.
Namibian Resources Plc (NBR LN), which mines diamonds,
gained 11 percent to 25 pence. The company said cash resources
are ``good'' and it has no borrowings. Its mining plan for 2006
and onwards is completed and production from West Saltztal is
``satisfactory,'' Namibian Resources said in a Regulatory News
Service progress report today.
Sunrise Diamonds Plc (SDS LN), which explores for diamonds
in Finland, surged 50 percent to 3 pence. The company signed an
agreement with BHP Billiton Plc to acquire exclusive use of the
company's diamond exploration database for the whole of Finland.
Whittard of Chelsea Plc (WOC LN), a U.K. tea and coffee
retailer, gained 5.6 percent to 89.75 pence. Julian Graves, a U.K.
specialty food retailer controlled by Iceland's Baugur Group HF,
offered to buy the company in a transaction that would value the
business at about 21.5 million pounds ($38 million).
The offer is being made through Java Acquisitions Ltd., the
holding company of Barney Holdings Ltd. Barney is majority owned
by Baugur and is the holding company for Julian Graves.
Yule Catto & Co. (YULC LN), a U.K. maker of ingredients for
the drug and cosmetic industries, fell 5 percent to 279 pence.
The company said pricing erosion of generic products has hurt its
drug ingredients unit.
To contact the reporter on this story:
Aisha Phoenix in London at
aphoenix@bloomberg.net .