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Friday 30th of April 2010
August 19, 2009    

Yell Group adds 16 percent on 250

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by Elaine Frei
Yell Group adds 16 percent on 250

European equities markets were mixed Wednesday, with London’s markets up slightly but others seeing declines.

The FTSE 100 added 0.08 percent to 4,689.67 in London, while the FTSE 250 was up 0.19 percent to 8,370.25.

Over on the 250, directories publisher Yell Group (LSE: YELL) led gainers on the index and in a mixed media sector as it added 16.03 percent.

The FTSE Eurofirst 300 and the Dax each fell 0.36 percent, to 931.16 and 5,231.98 respectively, while the IBEX was down 0.12 percent to 10,695.5 and the CAC-40 dropped 0.01 percent to 3,450.34.

Most markets in the Asia-Pacific region were lower on the session.

The Nikkei 225 was down 0.79 percent to 10,204 in Tokyo, while the Topix index fell 0.67 percent to 943.25 and the Mothers market was 1.21 percent lower to 449.7.

Elsewhere in the region, Australian markets were mixed as the Sydney Ordinaries added 0.04 percent to 4,387.5 but the S&P/ASX200 was down 0.18 percent to 4,373.8.

The Taiex fell 0.02 percent to 6,788.58 while the Kospi was down 0 .28 percent to 1,545.96, the Sensex dropped 1.5 percent to 14,809.64, the Hang Seng was 1.73 percent lower to 19,954.23, the Straits Times Index fell 1.75 percent to 2,522.78 and the Shanghai Composite was 4.3 percent lower to 2,785.58.

At nearly 1 p.m. in New York, the Dow Jones Industrial Average had added 0.73 percent to 9,285.05, while at the same time the Nasdaq Composite was up 0.62 percent to 1,968.12 and the S&P 500 had gained 0.74 percent to 996.96.

Crude oil prices were up significantly after the US Energy Information Administration said that crude inventories fell by 8.4 million barrels last week, while metals and grains prices were mixed.

The US dollar was weaker and the yen saw gains on the session.

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