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SUZY in the CITY: Market Movers.

Byline: Suzy Jagger

LLOYDS TSB shot up four per cent last night after the bank told analysts it expects to keep its dividend growth unchanged.

The shares climbed 21.5p to 541p after the bank's executives met with stockbroker Fox Pitt Kelton, which then reassured its clients.

Overall, the FTSE 100 slipped 1.6 to 4094.9, managing to shrug off falls among oil stocks.

BP fell 11.5p to 407p as dealers eyed the uncertainty over the prospect of war in the Middle East and the possible impact on the oil price. Shell fell 5.25p to 408.75p.

Elsewhere, tool hire group Brandon Hire jumped nine per cent to 54.5p after it said that it had bought a smaller rival for pounds 810,000. The group pointed out that its acquisition - Loadtite - had more than pounds 1million worth of assets.

Land Securities jumped 18.5p to 732p after the property group said it would prosper despite falling rents.

And that good news helped rival Canary Wharf, which saw its shares jump 18p to 267p.

Powderject, the group which won a controversial contract to supply smallpox vaccines to the NHS, yesterday saw its shares jump 5.5p to 405.5p as dealers expected the firm to cash in on the surprise departure of a key rival from the US flu jab market.
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Title Annotation:Business
Publication:The Mirror (London, England)
Date:Nov 21, 2002
Words:224
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