Tuesday, July 17, 2007

U.K. Stocks Decline, Paced by BHP Billiton, Lonmin; Tate & Lyle Rallies

(Bloomberg) -- U.K. stocks fell for a second day,
paced by BHP Billiton Ltd. after Deutsche Bank AG downgraded the
shares and metal prices retreated. Lonmin Plc dropped to a one-
month low.

Rolls-Royce Group Plc and Kelda Group Plc declined as
brokerages lowered their recommendations for the companies'
stocks. Reed Elsevier Plc dropped after it agreed to sell
Harcourt Education for $4 billion. Tate & Lyle Plc surged after
Goldman, Sachs & Co. said investors should buy the shares.


Read more at Bloomberg Stocks News

No comments: