Thursday May 15, 11:04 AM
London shares - mid-morning features
LONDON (Thomson Financial) - FTSE 100 risers
Cadbury 685-1/2 up 38-1/2
Panmure repeats 'buy' & Numis 'add' after strong update
Cairn Energy (LSE: CNE.L
- news) 3,528 up 140
UBS 'buy' from 'neutral' with target upped to 4,500p from 3,250
SABMiller (LSE: SAB.L - news) 1,254 up 51
FY profits up 15 percent
AMEC (LSE: AMEC.L - news) 846-1/2 up 23-1/2
UBS (Virt-X: UBSN.VX - news) ups target to 935 from 875
BT Group (LSE: BT-A.L - news) 229-1/4 up 6
Pleasing Q4 numbers; Nomura/Collins Stewart (LSE: CLST.L - news) 'buy'
FTSE 100 fallers
BHP Billiton (LSE: BLT.L - news) 2,088 down 30
Profit-taking
Sainsbury (LSE: SBRY.L - news) 369-1/4 down 5-1/4
Deutsche Bank (Frankfurt: DB9999 - news) 'sell' from 'hold'; JP Morgan cuts tgt to 350p from 370
Vedanta Resources (LSE: VED.L - news) 2,493 down 39
FY profits down 6 percent
Barclays (LSE: BARC.L - news) 409 down 18-1/4
1 billion pounds Q1 writedown
Lloyds TSB 403-1/4 down 7-1/4
With Barclays
FTSE 250 (news) risers
Telecity 245 up 17
Strong trading update; Landsbanki targets 280p & ups estimates
Tullett Prebon (LSE: TLPR.L - news) 487-1/2 up 25-1/2
Co sees good outcome for the year; first 4 months revenue up 32 percent
Euromoney 394 up 19
H1 profits up 23 percent
Cookson Group (LSE: CKSN.L - news) 764 up 35
Bullish interim management statement; Landsbanki repeats 'buy'
IMI (Milan: ISP.MI - news) 530 up 12-1/2
Goldman Sachs (NYSE: GS - news) ups target to 500p from 455
ITV (LSE: ITV.L - news) 62.10 down 0.80
Q1 revenue in line; warns of flat ad revenues
FTSE 250 fallers
LogicaCMG (LSE: LOG.L - news) 128 down 2-1/2
UBS 'sell' from 'neutral'
Sports Direct 106 down 2-1/4
Rumours of sharp downturn in trading in sportswear market
Redrow (LSE: RDW.L - news) 262-1/2 down 6-1/4
No rate cut until 2010
Findel (LSE: FDL.L - news) 272 down 7-3/4
FY results disappoint; Brewin Dolphin (LSE: BRW.L - news) downgrade expected
Inchcape (LSE: INCH.L - news) 418-3/4 down 12
Q1 LFL sales static
Informa (LSE: INF.L - news) 371-1/4 down 12-1/2
In-line update
Bradford & Bingley (LSE: BB.L - news) 139-1/4 down 4-3/4
Morgan Stanley (SPU - news) cuts tgt to 100p from 130; Collins Stewart 'sell' from 'hold'
Balfour Beatty (LSE: BBY.L - news) 435-1/2 down 18
Plans 180 million pound placing
WH Smith 396-1/2 down 21
Citigroup (NYSE: C - news) 'hold' from 'buy' with 420 pence target
DSG International (LSE: DSGI.L - news) 63 down 6-1/4
Business review; to halve div; Seymour Pierce 'sell' from 'hold & 60p tgt
Other risers
Tower Resources (LSE: TRP.L - news) 4.125 up 1.00
Upbeat update on exploration activities in Namibia and Uganda
Works Media 1.875 up 0.25
Director Crispin Barker lifts equity stake to 22.9 percent
Persian Gold (LSE: PNG.L - news) 11 up 1
Chah-e-Zard gold discovery advancing to pre-feasibility stage
First Calgary Petroleums (FCP.TO - news) 129-1/2 up 11-1/2
Grant of options to directors
Pactolus Hungarian Property (LSE: PHU.L - news) 40 up 3-1/4
Year end NAV 73 pence -- up 13.5 percent from NAV on admission
Venue Solutions (LSE: VSH.L - news) 4.625 up 0.375
Plans EGM to consider replacement of three directors
NETeller (LSE: NLR.L - news) 74 up 6
Rumours of bid approach
European Minerals (EPM.TO - news) 46 up 3-1/2
Resumes trading following appointment of nomad
Regal Petroleum (LSE: RPT.L - news) 235 up 13
Excellent Ukraine progress; Goldman initiates coverage with 'buy' & 281p tgt
Karelian Diamond Resources (LSE: KDR.L - news) 5.375 up 0.25
Positive exploration update
Freshwater UK (LSE: FWUK.L - news) 73 up 3
H1 profits up 50 percent
Hellenic Carriers 230 up 9
CFO share buying
Share 36
New issue, offered at 27
TGE Marine 134-1/2
New issue, placed at 130
Other fallers
Somero Enterprises (LSE: SOM.L - news) 40-1/2 down 44-1/2
FY profits warning
Matra Petroleum (LSE: MTA.L - news) 5.125 down 2.00
Disappointing drilling update
Corin Group (LSE: CRG.L - news) 265 down 85
Stryker's decision not to re-order any new products triggers downgrades
Meldex International 53 down 5-3/4
Maiden FY profits offset by absence of tangible bid news
Clinton Cards (LSE: CC.L - news) 51 down 3
Co cautious over long-term outlook
MTI Wireless Edge (LSE: MWE.L - news) 19 down 1-3/4
Sharply lower Q1 pretax profits
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