Hints and tips:
...E&P businesses that are already public have also stepped up share sales, with six deals in September alone raising $1.5bn....
...“They’re taking bets on different things,” said Raoul LeBlanc, an analyst at S&P Global....
...M&A lawyer Jon Bowden has joined Freshfields Bruckhaus Deringer as a partner in Singapore. He joins from White & Case....
...Police named the other victims as 48-year-old Emma Bowden, Richard Cousins’ fiancée, and her daughter Heather Bowden, aged 11....
...S&P is worried about the external deficit....
...Icap shares closed 3p at 326½p in London....
...It had originally hoped to get up to £250m from the sale Wilson Bowden’s commercial assets. Shares in Barratt closed up 2¾p at 53¼p....
...Shares in Barratt fell by 5.8 per cent or 4¾p to 77p in morning trading....
...Wednesday’s news left the market unmoved, with Barratt’s share price closing down just ½p at 156p....
...Earnings per share fell due to the shares issued alongside the Bowden acquisition. In early London trading, Barratt shares were 4.25 per cent up at 441¾p....
...At Friday’s closing price of 716½p, Bellway had a market capitalisation of £823.5m. The market values Redrow, whose stock ended last week at 263¼p, at £421.2m....
...Earnings per share fell from 51.5p to 38.8p because of the shares issued alongside the Bowden acquisition. The shares rose 12¼p to 436p....
...Barratt, which is currently trying to sell Wilson Bowden Developments, a business it acquired last year after paying £2.2bn to buy Wilson Bowden has rejected the offer, according to reports....
...higher at 514½p....
...The placing at 208p per share overshadowed a report that Barratt had received up to 80 expressions of interest for its Wilson Bowden Developments unit....
...Barratt shares rose 36¼p to 399p, largely in line with the market....
...Barratt needs to pay back £800m of debt it took on to fund the £2.1bn acquisition of Wilson Bowden in April. One rumour Wednesday was that Barratt would look to do so through a rights issue....
...Its shares closed at a new low of 269¼p on Friday, some 80 per cent down since the start of 2007....
...Barratt said the purchases underlined its “belief in the potential acquisition of Wilson Bowden and their commitment to the business”....
...We have seen it as an ‘accident waiting to happen’ ever since the Wilson Bowden deal,” he wrote, slashing his price target from 808p to 573½p....
...In morning trading Barratt shares were up 6½p at 980p. Analysts viewed the statement as positive, particularly after disappointing news from Bovis on Monday....
...The shares, which have slumped from a high of about £13 in February, fell 24½p to 480p on Monday, their lowest level since the end of 2004....
...The shares have been trading at a p/e ratio of 10.2, against 11.3 for the sector....
...Galliford Try shares rose 1¼p to 158½p on Monday....
...Shares in Crest, which were trading below 475p a year ago, rose 3½p to 613½p at the open in London....
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