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BCKIY Babcock International Group PLC (PK)

6.82
-0.18 (-2.57%)
Last Updated: 16:08:32
Delayed by 15 minutes
Name Symbol Market Type
Babcock International Group PLC (PK) USOTC:BCKIY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.18 -2.57% 6.82 6.56 6.93 6.82 6.82 6.82 912 16:08:32

LONDON MARKETS: Miners Drag FTSE 100 From 2013 High

14/05/2013 10:21am

Dow Jones News


Babcock (PK) (USOTC:BCKIY)
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By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- U.K. stocks were on track to break an eight-day winning streak on Tuesday, with miners adding pressure, while Severn Trent PLC soared after bid news.

The FTSE 100 index slipped 0.1% to 6,624.87, pulling back after reaching the highest closing level since October 2007 on Monday.

Shares of Severn Trent jumped 15%, after the water-utility firm said it received a "very early stage" bid approach, although no proposal has been made.

United Utilities Group PLC tracked Severn Trent higher and gained 4.1%.

Mining firms, however, added pressure in Europe, as metals prices traded mixed. Eurasian Natural Resources Corp. dropped 2.8%, Anglo American PLC fell 2.5% and Rio Tinto PLC (RIO) gave up 2.2%.

TUI Travel PLC slipped 1.8%, after J.P. Morgan Cazenove cut the holiday firm to neutral from overweight.

Babcock International Group PLC put on 4%, after the engineering support-services firm reported a rise in fiscal full-year pretax profit and said it sees strong progress this year.

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