Markets slump on fears for Middle East alison.lock Wednesday 23 February 2011 4:10 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsapp Show Comments ▼ whatsapp Share The FTSE has slumped as the political turmoil in Libya and threat of contagion across the Middle East region sent commodities and stocks sliding.The FTSE 100 closed down 1.22 per cent to 5,923.53 in a difficult day’s trading.“It’s been a trying few days for world markets, and if the situation in Libya continues to show no tangible sign of a peaceful resolution, the week could plumb greater depths yet,” said Yusuf Heusen, senior sales trader at IG Index. But Brent crude for April delivery surged to more than $109 per barrel shortly after 2pm, pulled higher by strong demand as the violence and rhetoric in Libya increased.“The uncertainty has also spread to the German DAX which is down more than one per cent after being fairly flat yesterday, as the auto sector got pummelled on the spiralling oil price. Auto parts manufacturer GKN is down as a result,” said Michael Hewson, market analyst at CMC Markets. Oil services firm Amec closed highest, though it was up just 0.89 per cent at 1,138p as traders said traders read across from a bullish outlook statement by its Australian peer Worley Parsons. Other risers were defensive stocks such as Imperial Tobacco Group, which finished up 0.5 per cent at 2,001p, Scottish & Southern Energy (up 0.17 per cent at 1,212p) and Severn Trent (up 0.14 per cent at 1,460p).Drinks can maker Rexam fell most, down 5.8 per cent to 348.4p after posting full-year results.“Company news has taken a back seat to a certain extent with one of the biggest fallers being can company Rexam, despite posting better than expected profits for 2010,” Hewson said.Miners were also hit hard as commodities weakened on the Middle East concerns, and investors opted to sell riskier stocks. Antofagasta, Xstrata, Lonmim and ENRC were all among the ten worst performers. As oil prices rose, fuel-hungry cruise operator Carnival again felt the pinch, closing down 4.17 per cent at 2,645p.On the FTSE 250, Cable & Wireless Communications stormed up 6.15 per cent to close at 49.33p after it said it was selling its Bermuda business to The Bragg Group for $70m – and buying back $100m worth of shares.And software group Logica closed down 5.37 per cent to 137.5p after results showed sales and profits were flat last year, despite a pickup in fourth-quarter revenues.US markets also opened down as concerns over Libya outweighed positive domestic sentiment and home sales data to hit technology shares.Hewlett Packard closed down 10.22 per cent to $43.30 after cutting its 2011 revenue forecasts when it posted its first-quarter earnings last night, prompting at least six brokerages to cut their price targets on the stock.The Dow Jones industrial average was down 111.03 points, or 0.91 per cent, at 12,101.76. The Standard & Poor’s 500 Index was down 7.98 points, or 0.61 per cent, at 1,307.46, while the Nasdaq Composite Index was down 30.28 points, or 1.10 per cent, at 2,726.14. Tags: NULL
Zambian Breweries Plc (ZAMBRW.zm) listed on the Lusaka Securities Exchange under the Beverages sector has released it’s 2015 abridged results.For more information about Zambian Breweries Plc (ZAMBRW.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Zambian Breweries Plc (ZAMBRW.zm) company page on AfricanFinancials.Document: Zambian Breweries Plc (ZAMBRW.zm) 2015 abridged results.Company ProfileZambian Breweries Plc (Zambrew) is a brewing and beverages company; producing and marketing a wide range of clear beers and soft drinks. The company has a virtual monopoly on clear brew products in Zambia, with popular South African brands in its product range such as Castle Lager, Redd’s, Castle Lite, Carling Black Label and Ohlsson’s Lager. The company also produces strong, local brands to cater for local tastes which are marketed under the Mosi Lager and Eagle Lager brand name. The Soft Drinks division produces well-known international brands, including Coca-Cola, Sprite, Fanta and Schweppes. The company has two breweries and three bottling plants in Zambia. SABMiller has a majority stake in Zambrew (87%). SABMiller is one of the world’s largest brewers, with more 200 beer brands in its international product portfolio. Zambian Breweries Plc is listed on the Lusaka Stock Exchange
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