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Equity Market News 19th May 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

11/07/05

Permalink 05:01:34 pm, Categories: Tokyo Nikkei & Topix, Manufacturing, 197 words  

Tokyo markets close at 13 week high

The Tokyo equities markets closed at a 13-week high on Monday on investor optimism produced by strong US employment data published Friday.

The Nikkei 225 was up 0.9 percent to 11,674.79 and the Topix gained 0.6 percent to 1,185.02.

Companies with significant overseas involvement and export-oriented businesses were helped by the new US Labor Department figures showing that 146,000 new jobs had been created in the US in June.

Mitsubishi Heavy Industries was up 0.7 percent to ¥289 after it’s announcement that it is in talks to purchase US nuclear reactor maker Westinghouse for around ¥200 billion.

The negotiations come as sales of strategic US companies to non-US firms are being looked at closely in the wake of CNOOC’s controversial US$18.5 billion bid for Unocal.

If the purchase of Westinghouse by MHI goes forward, it would be MHI’s biggest overseas acquisition to date. Shares in Kao added 1.1 percent to ¥2,715 as the cosmetics and household goods maker came closer to buying Molton Brown, the luxury consumer products manufacturer that sells its goods in upscale stores in over 70 countries. The deal is worth £170 million.

Among exporters, Sony gained 0.8 percent to ¥3,890, Toshiba added 1.4 percent to ¥438, Canon rose by 0.5 percent to ¥5,940, and Fujitsu was up 0.9 percent to ¥575.

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