Yesterday's 貿易（する）ing: Johnson glitters on 企て，努力，提案 talk

By Tamsin Brown
Updated: 09:14 BST, 21 December 2007

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Platinum specialist Johnson Matthey polished off a 5% rise on 憶測 it will be the next blue 半導体素子 to 落ちる into foreign 手渡すs.

US 産業の gases g roup Praxair was the 指名する in the でっちあげる，人を罪に陥れる in October but nothing （機の）カム of that.

Now Dow 化学製品 is rumoured to be on the prowl. The US 化学製品s 巨大（な） is in the money after striking a を取り引きする a Kuwaiti 明言する／公表する-run oil 会社／堅い that will 逮捕する it £4.8bn and the market is hoping it might splash this cash on Johnson Matthey. 売買業者s thought the 190-year-old London-based 会社／堅い would fetch at least £22 a 株, which would value it at £4.7bn.

Even without a 引き継ぎ／買収, Johnson is in a good position to sparkle. Platinum is 推定する／予想するd to 攻撃する，衝突する new 記録，記録的な／記録するs next year まっただ中に 落ちるing 生産（高） from South Africa.

As the world's biggest platinum 精油業者 that can only be good news for Johnson Matthey. And on the other 味方する of its 商売／仕事, its catalytic converter arm is トラックで運ぶing along nicely, driven by the growing 傾向 of greener 輸送（する）.

Johnson Matthey at one point 発射 up 19% at 2067p but had 緩和するd 支援する to a いっそう少なく excitable 伸び（る） of 93p to 1836p by the の近くに of play.

投資家s in Sports Direct continued their roller-coaster ride. The day after its 創立者 マイク Ashley said he'd recommend his dead gran buy the beaten-負かす／撃墜する 株, two 最高の，を越す bosses forked out nearly a £1m each on 株. 長，指導者 (n)役員／(a)執行力のある David Forsey and 財政／金融 director （頭が）ひょいと動く Mellors both bought 1m 株. 株 in the group, having floated at 300p, were up 13?p to 114?p.

Ashley believes they should be 価値（がある） 800p. But having started the 商売／仕事, and with the 大多数 of the 株 still in his 手渡すs, he might be biased.

The FTSE 100 索引 put in a strong 業績／成果, rising 61.1 points to 6345.6 にもかかわらず a weak start on 塀で囲む Street where the Dow Jones 産業の 普通の／平均（する） was 負かす／撃墜する 32.1 points at 13175.2.

What a difference a year makes. About 12 months ago the market was getting all excited about pub companies and how much value could be 打ち明けるd from their 所有物／資産／財産 大臣の地位s. They were also seen as 可能性のある 引き継ぎ／買収 的s for the 私的な 公正，普通株主権 部門 .

Since then the 所有物／資産／財産 market has taken a turn for the worse, the 危機 in the 負債 markets has 事実上 turned the tap off on 私的な 公正，普通株主権 取引，協定s and stymied 計画（する）s to 蜂の巣 off pubs' bricks and 迫撃砲 into separate rumours 乗り物s. So in the end the 部門 had a 悲惨な 2007 on the 株式市場. And with the smoking 禁止（する） and growing 証拠 of a 減産／沈滞 in 消費者 信用／信任, JPMorgan 恐れるs a 'perfect 嵐／襲撃する' is brewing and 在庫／株 prices could be driven even lower.

Mitchells & Butlers 株 (off ?p to 442?p) have already more than halved since July まっただ中に 失望 over its 中止するd 所有物／資産／財産 spin off but JPMorgan still downgraded its 率ing to underweight from overweight and 削減（する） its price 的 to 460p from 850p.

The 仲買人 削減（する） Marston's (負かす／撃墜する 8?p to 311p) to underweight from 中立の and 削除するd Greene King's (off 10p to 803p) 的 price to 920p from 1200p.

Sir ツバメ Sorrell's advertising empire WPP moved up 19p to 630?p after Deutsche Bank lent support with an 上昇傾向 公式文書，認める and a hefty 850p price 的.

タバコ companies prized for their 防御の 質s were in 需要・要求する. British American タバコ was up 68p to 1980p while 皇室の タバコ puffed up 60p to 2692p.

Tullow Oil had a bad day, 主要な the FTSE 100 fallers with a 拒絶する／低下する of 20p to 630p, まっただ中に £ 失望 with an update on its Uganda 井戸／弁護士席. 建設業者s were also under the 大打撃を与える after Citigroup 予測（する） that house prices would 落ちる 3pc next year and 容積／容量s would 宙返り／暴落する 10%.

Persimmon fell 12?p to 775?p and Taylor Wimpey was off 1.7p to 198.2p.

There was more 株 selling at zombie 基金 経営者／支配人 決意／決議 (安定した at 708?p). Hot on the heels of chairman and 創立者 Clive Cowdery selling most of his 3pc 火刑／賭ける, 非，不，無-(n)役員／(a)執行力のある director Sir David Cooksey made £2.6m selling 371,533 株 at 708p. It comes ahead of the group's £4.9bn 引き継ぎ／買収 by Hugh Osmond's Pearl.

Arriva notched up a 伸び（る） of 26p to 795p after 発表するing it was to buy Heathrow-based coach and bus 操作者 Tellings Golden Miller for £10.3m. The Office of Fair 貿易（する）ing has given the green light to Arriva's 勝利，勝つ of the Cross Country Rail franchise and 国家の 表明する (76p higher at 1228p) was （疑いを）晴らすd to take over the の間の city East Coast Rail Franchise..

新規採用 会社／堅い Imprint 株 jumped 11?p to 97p after it 支援するd a £45.7m 改訂するd 企て，努力，提案 from Hydrogen that trounced OPD's 申し込む／申し出.

Imprint had recommended a mainlyshare 申し込む／申し出 last month from OPD but switched horses after OPD 株 fell, 減ずるing its 企て，努力，提案 value. Hydrogen sweetened an all-株 攻撃する with a 部分的な／不平等な cash 代案／選択肢. 株 in Hydrogen and OPD fell 10p to 242?p and 712p to 206p それぞれ.