RAMSEY CROOKALL & CO

EVENING  REPORT

30 JULY 2010

The FTSE hit new lows in the aftermath of disappointing US gross domestic 
product for the second quarter.  Inflation adjusted and gross domestic product 
rose at an annualised rate of 2.4% in the second quarter, a significant slow 
down from the 3.7% annualised gain in the first quarter.

Investors turned to utilities after EDF sold its electricity grid operation to 
a consortium headed by Hong Kong billionaire Li Ka-Shing for £5.8 billion.   
United Utilities rose 24p to 585p.

Ash clouds from  Iceland and strike action cause losses to grow at British 
Airways during a tough first quarter, although the airline still expects to 
break even for the year.  The shares are up 3p at 218p.

Losses before tax jumped to £164 million in the three months ended 30 June 
from £148 million a year ago as revenue fell by £46 million, or 2.3%, to  
£1.94 billion.

Anglo American’s interim results came in slightly below analyst forecasts 
but the mining giant said it remains confident about its prospects.  The 
group also announced that it reinstated its dividend payments with an 
interim dividend of 25c per share.

Rentokil is to merge its pest control and washrooms businesses to cope with 
‘increasing price pressures’, especially in Europe.  Profits in the half 
year to June rose from £8.2 million to £30.9 million.

Paper and packaging group Mondi confirmed underlying operating profit for the 
first half of 2010  will be considerably higher than last year.  The shares 
closed up 3p  at 450p.




THE  FTSE  CLOSED			    DOWN	   42	   @     5271
	
THE DOW JONES AT 4.30 IS	   	    DOWN	   16      @     10,450

THE NASDAQ COMP  AT 4.30 IS   	   	 UP	   	   1       @      2252

Exchange Rates

GBP – USD                                 1. 569

GBP – EUR                                 1. 203