FTSE in-depth: Geely in U-turn for cab 製造者
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Taxi. The メーター is running and the Chinese are ready to do a 完全にする U-turn and take 支配(する)/統制する of Manganese Bronze.
Geoff Foster: 利益(をあげる)-taking ahead of today's 包括的な-Spending Review dragged the Footsie lower.
株 of the 黒人/ボイコット cab 製造業者 were 不変の in the 階級 at 31.25p. But whispers 示唆する 20%-株主 Geely, 中国's largest 個人として-owned carmaker and owner of Volvo Cars, is on the 瀬戸際 of 支払う/賃金ing around 35p a 株 in cash to take 支配(する)/統制する of the Coventry-based company.
Geely 明らかに wants to tie up a 取引,協定 before 総理大臣 David Cameron visits 中国 next month to 会合,会う 大統領,/社長 Hu Jintao.
Geely in August decided not to proceed with a 提案するd placing and cash 注射 of £74m, or 70p a 株, which would have given it a controlling 51% shareholding.
It now 持つ/拘留するs all the エースs and is able to return with an 申し込む/申し出 at a much-減ずるd price which other major 株主s of Manganese Bronze are happy to say yes to.
The 計画(する) is 明らかに for Geely to keep MB's 引用する on the London 在庫/株 交流 and to 投資する millions in the group's Coventry 場所/位置, which has produced more than 100,000 黒人/ボイコット cabs over the past 45 years. 年次の 生産/産物 has 普通の/平均(する)d between 2000 and 2500 部隊s per year through the past 10年間.
Manganese Bronze incurred a £7.3m loss in 2009, a year 支配するd by weak UK 容積/容量s and lower 利ざやs which (機の)カム under relentless 圧力. But the group did start 生産/産物 of the TX4 cab in 中国 at its 共同の 投機・賭ける, LTI Shanghai, and this has 証明するd 高度に profitable.
Manganese Bronze has been in 逆転する for too long and with Chinese cash it should now be able to quickly return to 利益(をあげる) and get the 株 price 支援する 貿易(する)ing above £1.
利益(をあげる)-taking ahead of today's 包括的な-Spending Review, and news of a surprise rise in Chinese 利益/興味 率s for the first time in three years to 抑制(する) 国内の インフレーション, dragged the Footsie 38.63 points lower to 5703.89. On 塀で囲む Street, sto cks 低迷d the most since August as 財政上のs were 攻撃する,衝突する by 恐れるs that more mortgages are turning sour. The Dow lost 165.07 points to 10,978.62.
買い手s raised a glass to Diageo まっただ中に whispers of a 未解決の bullish circular. 株 of the 全世界の spirits 巨大(な) fizzed 28p higher to 1163p. Last week the group 報告(する)/憶測d a rise in sales in the third 4半期/4分の1, but 警告するd of 証拠不十分 in Europe, 特に 病んでいる economies such as Greece and Spain.
仲買人 Killik is 用心深い, and is 関心d about the 見通し for 消費者 spending in developed markets given high 失業 levels and the 転換 from on-貿易(する) to lower 利ざや off-貿易(する), such as supermarkets. 長,指導者 (n)役員/(a)執行力のある Paul Walsh also recently sold 75,000 株, which is never a good 調印する.
Part-nationalised 王室の Bank of Scotland 会社/堅いd 0.64p to 46.95p after Citigroup and Goldman Sachs both 越えるd 分析家s' 利益(をあげる) 期待s in the third 4半期/4分の1, 示唆するing the worst of the banking 危機 is over.
Nervous selling ahead of George Osborne's spending review left 保険会社s Old 相互の 0.8p lower at 137.7p, 基準 Life 1.6p off at 230.6p and RSA flat at 132.9p.
Cigarettes 巨大(な) British American タバコ was up 0.5p at 2447.5p off the 支援する of a Goldman Sachs 推薦. The 巨大(な) US 仲買人 believes the third-4半期/4分の1 貿易(する)ing 声明 next Wednesday will be a 肯定的な catalyst for the 在庫/株. Its 12-month 的 price is 2840p.
時折起こる selling left oil 器具/備品 services group Petrofac 4p cheaper at 1465p. Ayman Asfari, the group's 長,指導者 (n)役員/(a)執行力のある, was 指名するd Ernst & Young 'UK 全体にわたる Entrepreneur of the Year' at a 儀式 held at the Park 小道/航路 Hilton Hotel on Monday.
高度に 思索的な Max 石油 噴出するd 9p, or 81pc, to 20p に引き続いて a 肯定的な 演習ing update on its Uytas 事業/計画(する) in カザフ共和国.
Sirius Minerals, the potash 採掘 company, 辛勝する/優位d up 0.38p to 7.38p after 発表するing it will start its first 演習ing programme at its North Dakota 所有物/資産/財産 having 調印するd 契約s with Schlumberger and North 縁. 初期の 演習ing starts the week 開始するing November 1.
利益(をあげる) 昇格s に引き続いて a better-than-推定する/予想するd third-4半期/4分の1 収入s 業績/成果 helped International Personal 財政/金融 climb 4p to 303.2p. Arden Partners 解除するd its 的 price to 340p from 300p and 昇格d its 現在の year pre-税金 利益(をあげる)s 予測(する) by 2% to £97m and 2011's by 5.1% to £110.1m.
StatPro, which 供給するs analytics ソフトウェア for 資産 経営者/支配人s, 辛勝する/優位d up 0.5p to 122.5p に引き続いて a third-4半期/4分の1 貿易(する)ing update. 貿易(する)ing is in line with 管理/経営 期待s.
Electronic 器具/備品 company Elektron held 激しく揺する 安定した around the year's high of 37.5p but 分析家s are of the opinion that the 在庫/株 is 価値(がある) nearer 50p. Word is 産業 巨大(な)s are 匂いをかぐing around. Any 利益/興味d party would have to reach 協定 with major 株主s John Kinder with 19.5%, and Andrew Perloff's Panther 安全s, 持つ/拘留するing 13.2%. 利益/興味ing.
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