Monday January 12, 11:01 AM
Glance-STOCKS NEWS EUROPE-Business Control gains after trading update
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Stocks on the move Real (Frankfurt: BJU.F - news) -time Equity News
10:45GMT 12Jan2009-Business Control gains after trading update
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Shares in Business Control Solutions (LSE: bct.l - news) gain over 7 percent after the
provider of consultancy and software control solutions says trading is in line
with market expectations, and it remains on track to deliver a profit for 2008.
'We believe that BCS has proved that it has a sustainable business with
attractive products following its performance in the second half of 2008,'
Arbuthnot Securities says in a note.
'With more than half the market capitalisation in cash (on our forecast) and
BCS likely to generate cash in 2009, we see limited downside for the share
price,' says the broker, reiterating its 'strong buy' recommendation.
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