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Equity Market News 06th February 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

01/08/05

NYSE mixed as technology beats blue-chips

In New York on Monday, the main equities indexes closed mixed as technology stocks did better than the blue-chips.

The Dow Jones Industrial Average was down 0.2 percent to 10,623.15, while the Nasdaq composite gained 0.5 percent to 2,195.38 and the S&P 500 was up by 0.1 percent to 1,235.35.

EBay gained 4.4 percent to $43.61 on an upgrade to “buy” from Smith Barney. Google gained 1.3 percent to $291.61, but Yahoo lost early gains to close even at $33.33.

The energy sector saw gains on the rise in crude oil prices. ExxonMobil rose 0.8 percent to $59.23, and Kerr-McGee was up 1.7 percent to $81.53.

Proctor and Gamble reported a 9 percent rise in net profits overall, and sales in its health and family division grew by 13 percent. However, because of lukewarm guidance, P&G shares fell 0.6 percent to $55.32.

Wal-Mart, which sells P&G products, rose 0.4 percent to $49.53 based on monthly sales growth figures near the high end of forecasts. Meat processor Tyson Foods fell 3.7 percent to $17.95 on a report that its second-quarter profits were lower than expected due to expenses connected to settlement costs after a lawsuit by pork farmers.

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