Stock market analysis from The Share Centre
Nick Raynor, investment adviser at The Share Centre, comments on this week's market.
He said: "Quite a quiet week on the FTSE 100 this week, with the only a few companies involved in takeover talks and results.
"ICI rebuffed a 600p cash per share offer from Akzo Nobel but analysts are in no doubt that a further offer will be forthcoming, whether it be from Akzo or another interested party.
"While within the mining sector rumours have been rife that BHP Billiton has been showing an interest in Canadian aluminium maker Alcan Inc, Alcan is already subject to a hostile bid from Alcoa Inc.
"Tesco surprised the market with a weaker than expected set of Q1 figures, Sainsbury's followed suit on Wednesday and this had a knock-on effect throughout the retailing sector.
"For the week the FTSE 100 fell 165 points to close at 6,567."
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The UK Market's Winners and Losers
Winners
| Company | Percentage change | Closing price | Comment |
| ICI | +13.48% | 623.p | Akzo Nobel has a 600p cash bid rejected, further offers possible. |
| BHP Billiton | +1.18% | 1,374p | Talk of further consolidation boosts the mining sector. |
| Man Group | +1.21 | 625.5p | De-merger of company and better performance of its main AHL fund. |
| Tullow Oil | +17.36% | 480p | Significant oil find in Ghana and the company are also added to the Merrill Lynch Europe 1 list. |
| Renovo Group | +13.23% | 214p | Interim results make interesting reading. |
Losers
| Company | Percentage change | Closing price | Comment |
| Tesco | -6.31% | 431.25p | Forecasts come in lower than expected and also the company note that this year will be a tough trading environment. |
| DSG International | -6.45% | 163.80p | Results issued and broker downgrades occur, also drops its bid for Russian company. |
| Carter & Carter | -13.54% | 865.5p | Board changes cause investor concern. |
| First Choice | -10.39% | 314.75p | Further fall-out after last weeks results and also the flotation of the joint venture between Thomas Cook and MyTravel occurred this week. |
| Thus | -8.48% | 180.75p | United Utilities look to sell its 22.6% stake. |
NOTE: The companies detailed above may or may not be the biggest percentage movers (plus/minus) in the week.
Mondays companies reporting:
- Interim Results:
Appian Technology, Protonex Technology Corp. - Final Results:
Ashley House, Majestic Wine, Medical Marketing International, Patientline, Renold, UBC Media Group. - Trading Statements:
Centrica, Petrofac, Senior.
Tuesdays companies reporting:
- Interim results:
Chemring Group, Domino Printing Sciences, Porvair. - Final Results:
Ashtead Group (Q4), WS Atkins, Carpetright, Datong Electronics, Debt Free Direct, Polar Capital Holdings, Stonemartin, Turbotec Products.
Wednesdays companies reporting:
- Interim results:
London Scottish Bank. - Final Results:
Digital Marketing Group, Invocas Group, Media Square, ReNeuron Group, Stagecoach Group, Touchstone Group. - Trading Statements:
George Wimpey, Taylor Woodrow, United Business Media, John Wood Group.
Thursdays companies reporting:
- Interim results:
Cobra Bio-Manufacturing, Phynova Group, Rank Group. - Final Results:
Dart Group, Dyson Group, HMV Group, Hogg Robinson, James Latham, Marchpole Holdings, Micro Focus International, Reliance Security Group, DS Smith, Xansa. - Trading Statements:
Axis-Shield, Trinity Mirror.
Fridays companies reporting:
- Interim results:
Heavitree Brewery. - Final results:
Berkeley Group Holdings. - Trading statements:
Drax Group,IMI.
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