BG and Barclays provide a drag on the Footsie, plus today's brokers, in the ShareCrazy Morning Market View

Read the Market Update, Tip of the Day, the Book of the Week, and Broker Recommendations Is this email not displaying correctly? View it in your browser. Wednesday 31 October 2012 QUOTE OF THE DAY Never invest in any idea you can't illustrate with a crayon - Peter Lynch THIS MORNING IN LONDON FTSE 100 5,842.38 -7.52   -0.13% FTSE 250 12,000.38 46.13   0.39% FTSE 350 3,118.29 -1.87   -0.06% FTSE All Share 3,053.27 -1.71   -0.06% AIM 100 3,142.34 10.49   0.33% AIM All Share 699.88 1.28   0.18% 11:58 am BG and Barclays provide a drag on the Footsie - BG drops nearly 20 per cent after cutting guidance - Barclays disappoints with Q3 results - US markets to re-open following two-day closure After a stable start, the FTSE 100 had dropped into negative territory by Wednesday lunchtime, with heavy falls from BG Group and Barclays providing a drag on the blue chip index. US markets are to re-open today under normal opening procedures, according to NYSE Euronext, following a two-day closure due to safety concerns as a result of Hurricane Sandy, which has killed dozens of people and left millions without power on the American East Coast. This was the first time since 1888 that the weather has halted trading for two consecutive days. Speaking last night, NYSE Euronext's Chief Executive Officer Duncan Niederauer said: "We are pleased to be able to return to normal trading tomorrow. Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening tomorrow. Our thoughts and prayers remain with the families and communities suffering in the wake of this terrible natural disaster." Market analyst Craig Erlam from Alpari said: "The first few hours are likely to be manic with the US markets still to factor in corporate earnings from the start of the week and the effects of the hurricane among other things." Economic data from Asia lifted sentiment early this morning: South Korean industrial output improved for the first time in four months; Taiwan swung back to growth in the most recent quarter; while the unemployment rate in Singapore declined. Meanwhile, markets will be keeping a close eye on the Eurogroup meeting that takes place today with Greece expected to be high up on the agenda. Alpari's Erlam said: "The recession has been far deeper than anyone had anticipated or planned for. It looks as though Greece will be granted two extra years to hit its fiscal targets, however this will leave a shortfall of €30bn that will have to be made up in some other way. "Despite what looks like an urgent matter, the finance ministers are unlikely to come up with any resolution, something we've come to expect in recent years." FTSE 100: BG plummets after cutting guidance; Barclays unwanted BG Group shocked the market this morning by cutting back production guidance as a result of a number of delays to project start-ups. It now expects full-year production will be just 3% higher than in 2011, while 2013 output is not expected to show any growth at all. The firm also announced that it would be selling 40% of certain interest in its Queensland Curtis LNG project in Australia for $1.93bn, as well as a sale of LNG from its global LNG portfolio. Seymour Pierce analyst Sam Wahab however noted that the group currently has an asset divestment programme to reduce net debt exposure, and thinks the sudden announcement of the disposal "would suggest that the disposal of their Australian LNG interest was forced upon them rather than a strategic decision." UK banking giant Barclays dropped early on despite meeting forecasts in the third quarter with strong growth seen in adjusted pre-tax profits, from £1.34bn to £1.73bn. The firm however revealed new "legal and regulatory matters" which include two new probes in the US. Shares in oil and gas producer Tullow Oil surged after the firm announcing that its Twiga South-1 exploration well onshore Kenya Block 13T has successfully encountered oil. Sector peer Petrofac was also higher. High Street fashion and homewares retailer Next also fell after admitting that its sales performance was "volatile" in the third quarter with stronger sales in late September and early October offsetting an unusually quiet start to August. Life assurance company Standard Life gained after saying inflows across its long-term savings businesses plus a strong performance at Standard Life Investments helped to increase both group assets under administration and Standard Life Investments third party assets to record levels. Higher production at its Esperanza mine helped Chilean copper miner Antofagasta increase output in the third quarter, seeing shares rise early on. Mobile phone networks giant Vodafone was in demand after announcing that its NZ$840m (£429m) acquisition of TelstraClear, the New Zealand business of Australian telecoms group Telstra, has now gone through. FTSE 250: St James's Place rises after Q3 update Wealth management group St James's Place rose strongly after reporting a 6% increase n funds under management (FuM) in the third quarter as it reported good growth in new business despite the continuing macroeconomic uncertainty. Energy company Essar was higher after gaining permission to chop down trees close to its Mahan coal block. FTSE 100 - Risers Petrofac Ltd. (PFC) 1,601.00p +3.42% Tullow Oil (TLW) 1,425.00p +3.11% International Consolidated Airlines Group SA (CDI) (IAG) 163.30p +2.96% Evraz (EVR) 243.60p +2.40% Aggreko (AGK) 2,172.00p +2.02% Resolution Ltd. (RSL) 217.50p +1.78% Amec (AMEC) 1,076.00p +1.70% Weir Group (WEIR) 1,793.00p +1.64% Melrose (MRO) 242.10p +1.51% Antofagasta (ANTO) 1,285.00p +1.50% FTSE 100 - Fallers BG Group (BG.) 1,070.50p -19.48% Barclays (BARC) 230.50p -3.48% Severn Trent (SVT) 1,610.00p -2.48% Croda International (CRDA) 2,224.00p -1.81% United Utilities Group (UU.) 684.50p -1.51% Imperial Tobacco Group (IMT) 2,348.00p -0.93% Pennon Group (PNN) 719.00p -0.76% Serco Group (SRP) 569.50p -0.61% Wolseley (WOS) 2,729.00p -0.40% InterContinental Hotels Group (IHG) 1,549.00p -0.39% FTSE 250 - Risers St James's Place (STJ) 396.20p +4.35% Ashtead Group (AHT) 380.20p +4.28% Essar Energy (ESSR) 137.00p +4.18% Ferrexpo (FXPO) 207.60p +3.80% F&C Asset Management (FCAM) 98.00p +3.65% IP Group (IPO) 118.90p +3.39% Afren (AFR) 136.90p +2.85% Atkins (WS) (ATK) 717.00p +2.50% JD Sports Fashion (JD.) 768.00p +2.40% Henderson Group (HGG) 119.50p +2.40% FTSE 250 - Fallers Go-Ahead Group (GOG) 1,318.00p -4.01% National Express Group (NEX) 173.00p -2.43% COLT Group SA (COLT) 111.60p -2.36% Menzies(John) (MNZS) 607.50p -2.02% Provident Financial (PFG) 1,377.00p -1.92% Laird (LRD) 209.40p -1.60% African Barrick Gold (ABG) 425.10p -1.46% Perform Group (PER) 401.10p -1.38% BH Global Ltd. USD Shares (BHGU) 11.05 -1.34% Bumi (BUMI) 236.10p -1.30% FTSE TechMARK - Risers AEA Technology Group (AAT) 0.060p +9.09% Wolfson Microelectronics (WLF) 209.50p +3.20% Xaar (XAR) 264.50p +1.39% Vectura Group (VEC) 89.00p +1.14% Skyepharma (SKP) 85.94p +1.11% Consort Medical (CSRT) 764.50p +0.92% Vislink (VLK) 26.50p +0.47% XP Power Ltd. (DI) (XPP) 982.00p +0.46% Corin Group (CRG) 57.50p 0.00% Kofax (KFX) 300.00p 0.00% FTSE TechMARK - Fallers Torotrak (TRK) 29.75p -2.46% RM (RM.) 80.00p -2.44% Antisoma (ASM) 1.60p -1.54% Optos (OPTS) 206.75p -1.43% Innovation Group (TIG) 22.25p -1.11% NCC Group (NCC) 897.83p -0.79% BATM Advanced Communications Ltd. (BVC) 15.88p -0.75% E2V Technologies (E2V) 113.00p -0.44% Corin Group (CRG) 57.50p 0.00% Kofax (KFX) 300.00p 0.00% WHAT THE BROKERS SAY Babcock: Panmure Gordon keeps hold rating and 940p target. Imperial Tobacco: Credit Suisse keeps outperform rating and 2,700p target. Click here for the rest of the broker recommendations TODAY'S TIP ON SHARECRAZY e-Therapeutics - Interim Results - In-line with Expectations A report from GECR e-Therapeutics has announced interim results which are in-line with our expectations. The drug discovery and development company also revealed that following the re-evaluation of development considerations and of the commercial opportunity, its pre-clinical topical agent ETX1153a will be discontinued. Nevertheless, with the group making significant progress in the last six-months - advancing its cancer drug candidate ETS2101 into two phase I clinical trials - and on track to advance at least one new candidate into development by the end of 2013, our stance remains buy. Click here to view the full article THE LATEST ON THE CRAZY BOARD The top 5 hot company threads on the Bulletin Board: Goldplat Rivington Street Holdings Surgical Innovations Ferrex The Running Trading Thread Click here to discuss shares with other ShareCrazy members THE LATEST ON THE CRAZY BOARD The top 5 hot company threads on the Bulletin Board: TTG Rivington Street Holdings Surgical Innovations Ferrex The Running Trading Thread Click here to discuss shares with other ShareCrazy members Regards, ShareCrazy follow on Twitter | friend on Facebook Friend on Facebook Follow on Twitter SHARECRAZY TV Tip of the Month A monthly free hot share tip from Richard Gill Click here to watch Oil Barrel TV The best of the Oil Barrel conferences Click here to watch Minesite TV The best of the Minesite forums Click here to watch ShareCrazy Poll At what price will GOLD be at the end of 2012? Below $1,400 $1,400 - $1,599 $1,600 - $1,799 $1,800 - $1,999 Above $2,000

If you do not wish to receive such emails please use the following link to unsubscribe.

Sharecrazy.com Limited is an Appointed Representative (FSA registered number 245145) of Rivington Street Corporate Finance Limited which is authorized and regulated by the Financial Services Authority (FSA registered number 184761). Sharecrazy.com Limited is ultimately owned by Rivington Street Holdings PLC, 39 Athol Street, Douglas, Isle of Man IM1 1LA, the holding company for other regulated entities such as t1ps.com Limited and Rivington Street Corporate Finance Limited. Sharecrazy.com Limited does not offer investment advice and the ShareCrazy Trader service we provide is administered by Jarvis Investment Management Plc, which is authorised and regulated by the Financial Services Authority. The website and the articles on it are for general guidance only and we cannot assume legal liability for any errors or omissions they might contain. The value of investments can go down as well as up and you may not get back the full amount you invested. If you are in any doubt about investing, seek the guidance of a suitably qualified and regulated financial adviser.