That stock News

Electricity and gas supplier Scottish & Southern Energy announced today that it is raising its dividend, pushing the company up to 40 per cent to ￡ 11.58. Bank of America - Merrill Lynch analysts were impressed by the provisional results of the generator of electricity, to upgrade their rating on the stock to "buy".

But the FTSE 100 dropped back morning trading with minors weight heavy peppering the classification.Kazakhmys was the largest faller, 47% to ￡ 15.40 excretion .Frapper minors is news that China is stepping up efforts to cool inflation after that it reported an increase in property prices and a trade surplus of more than forecast in October.

Dents also feeling was an uncertain perspective on inflation, the Bank of England, with a second wave of facilitating future moins.Gilt research quantiative fell on the news, with 5-10 years curve gilt - deadlines more likely to be purchased by the Bank – the hardest part.

National events aside, prudence had already defined due to the weakness of Wall Street and waterfalls in Asian stocks.

Yusuf Heusen, Senior Sales Trader, IG index, stated:

"Initially disappointing FTSE this morning the occult the fall of the Wall Street during the night, with investors cash stocks of the previous session performance."Recent gains after the Chinese Government's efforts to curb inflation concerns in particular refunded minors will invite a slowdown in economic growth.?

But the tendency of the fall of bucking BAE Systems, involving 14.5% to 363 p, after a day of investor positive.Investec analysts reiterated their "buy" rating on defence society.

"For the first time in a long time management is talking in terms of top line growth across its extensive portfolio, despite the slowdown in defence budgets and the United Kingdom United States," said the broker.

Tuesday market report:Gold rush is FTSE 100 minor Randgold resources shine

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