[Johannesburg, SOUTH AFRICA] South African IT company Dimension Data is set to be accepted into the London Stock Exchange's FTSE-100 on Wednesday as the 'new economy' pretenders edge out established enterprises such as Rolls Royce and Associated British Foods.
Diary of a JSE Stock Operator Edition 5: May 2, 2007::
(Bloomberg) -- Gold in New York fell to a one-month low as the dollar rebounded At 1031 GMT, the FTSE 100 was up 44.9 points, or 0.7 percent at 6,464.5, after
http://magtigemoer5.blogspot.com/2007_05_02_archive.htmlHOME |
According to Dow Jones, Didata is one of six technology
enterprises that are expected to break through into the LSE's upper echelon today at the
expense of old economy companies. The other five companies are Psion,
Baltimore Technologies,
Spirent, Electrocomponent and
Granada Media. ITInews - Insurance Times and Investments Online::
Playing by the rules in Africa is key to managing risk it would slash farm tariffs by 60 percent as part of a new global trade pact.
http://www.itinews.co.za/companyview.aspx?cocategoryid=84%EB-40F9-89FE-9CE315493200HOME |
That these technology enterprises are expected to edge out British landmark Rolls Royce, Scottish and Newcastle Breweries, Blue Circle Industries, Associated British Foods and the steel group Corus Group is an indication of the shift in business dynamic towards new economy operations.
These traditional enterprises will be relegated to the lesser FTSE-250.
These projections are based upon the market capitalization of these companies on Monday with the final list drawn up on Tuesday based upon market capitalization at the end of yesterday's trade.
An FTSE committee will ratify the list today and the ratings will become effective from Friday.
Shares in Dimension Data have gained about 30 percent in value since the July 21 listing, the largest IPO yet this year on the London Stock Exchange.
Shares rose from the initial 520p (US $7.54) a share upon listing to close yesterday at 670p
(US $9.72), testifying to Didata Chairman Jeremy Ord's belief that the company is underrated when compared to its international competitors.
Prior to the London listing, Didata expected to be rated within the top 70 of the FTSE-100 and analysts subsequently suggested that the networking company could even break through into the top half of the index.
FTSE 100 - Finance Records::
.com - Changing times on the FTSE 100 index as tech stars fall to of the FTSE 100 has little to do with Britains economy. New Economy Rules as Didata
http://www.financerecords.org/topics/FTSE-100HOME |
Scottrade::
100, 87 percent of the German DAX index, and 51 percent of the U.K. FTSE 100 Index. German shares drop to new 2008 low as financial jitters and strong
http://research.scottrade.com/public/markets/news/news.aspp4076-1§ion=headlinesHOME |
 WEB.DE Pushes Ahead of AOL, Fireball and Altavista
 U.S. Maintains Huge E-Commerce Lead Over Europe, Says Study
|
New Economy Rules as Didata Enters FTSE 100