Thursday March 27, 10:56 AM
London shares - mid-morning features
LONDON (Thomson Financial) - FTSE 100 risers
FirstGroup (LSE: FGP.L - news) 570 up 25
Merrill, JP Morgan, Collins
Stewart (LSE: CLST.L - news) positive as trading update reassures
Compass Group (LSE: CPG.L - news) 323 up 12-1/2
Strong trading update; Merrill 'buy' with 410 pence target
Barclays (LSE: BARC.L - news) 458 up 13-1/4
Added to Merrill's Most Preferred List
HBOS (LSE: HBOS.L - news) 559 up 17-1/2
Rally on hopes BoE will help money markets
Cairn Energy (LSE: CNE.L - news) 2,772 up 86
Buoyant crude price
Tullow Oil (Dublin: TQW.IR - news) 671-1/2 up 14
Buoyant crude price
Thomas Cook (LSE: TCG.L - news) 294-1/2 up 7-1/2
Own share buying
British Energy (LSE: BGY.L - news) 678-1/2 up 18-1/2
Talk of 800 pence-a-share RWE (Xetra: 703712 - news)
Scottish & Southern Energy 1,423 up 3
Merrill 'buy' with 1,750 pence target; SG reiterates 'buy' & 1,700 p tgt
Man Group (LSE: EMG.L - news) 563 up 17-1/2
FY profits to beat forecasts - company; Merrill 'buy' with 650 pence target
BAE Systems (LSE: AP16.L - news) 483 up 3-1/2
Numis 'buy' with 580 pence target
Rolls-Royce 408-3/4 up 1-1/2
Numis 'buy' with 500 pence target
International Power (IPWG.PK - news) 402 up 2-3/4
Evolution initiates coverage with 'buy' & 468 pence target
Morrison 278 up 4
JP Morgan 'overweight' & 320 pence
Aviva (LSE: AV.L - news) 617 up 16
JP Morgan 'overweight'
Xstrata (LSE: XTA.L - news) 3,569 up 47
JP Morgan 'overweight'; Deutsche Bank (Frankfurt: DB9999 - news) reinstates as 'buy' & ups tgt to 4,100
ITV (LSE: ITV.L - news) 69.4 up 1.3
Sanford Bernstein reiterates 'outperform' with 100 pence target
Wolseley (LSE: WOS.L - news) 539 up 12
Goldman Sachs (NYSE: GS - news) 'neutral' from 'sell' with 565 pence target
Marks & Spencer 406-3/4 up 7-1/4
Goldman Sachs 'buy'
Next 1,200 up 15
Goldman Sachs 'buy'
WPP (LSE: WPP.L - news) 605 up 10-1/2
Credit Suisse 'outperform' with 800 pence target
Centrica (LSE: CNA.L - news) 303 up 1-1/4
SG 'hold' from 'sell'
FTSE 100 fallers
Kingfisher (LSE: KGF.L - news) 132.7 down 2.4
Final div cut 50 pct as FY profits dip 2.8 pct; Numis 'reduce' & 113 p tgt
London Stock Exchange (LSE: LSE.L - news) 1,251 down 7
Profit-taking after yesterday's speculative run
FTSE 250 (news) risers
Rentokil Initial (LSE: RTO.L - news) 97 up 9-1/2
Merrill Lynch (NYSE: MER - news) reiterates 'buy' & ups target to 120 pence from 105
Chloride (LSE: CHLD.L - news) 186 up 16-3/4
Co sees FY results above co expectations, with operating profit up 50 pct
Talvivaara 365 up 31
Merrill Lynch initiates coverage with 'buy' & 420 pence target
Northern Foods (LSE: NFDS.L - news) 94 up 7
Co FY adj pretax profit beating market expectations; JM Finn repeats 'buy'
Premier Foods (LSE: PFD.L - news) 113-1/4 up 5-1/4
With Northern Foods
Dairy Crest 535 up 18-1/2
JM Finn prefers to Robert Wiseman
Premier Farnell (LSE: PFLA.L - news) 181-3/4 up 8-3/4
Own share buying; Kaupthing, Singer & Friedlaned ups tgt to 170p vs 180
Aberdeen Asset Management (LSE: ADNP.L - news) 134-1/2 up 6-1/4
Evolution 'add'
Bellway (LSE: BWY.L - news) 823-1/2 up 34-1/2
Citigroup (NYSE: C - news) 'buy'
VT Group (LSE: VTG.L - news) 660 up 12
Citigroup 'buy' with tgt upped to 700 pence from 670
Kesa Electricals (LSE: KESA.L - news) 210 up 1-3/4
Citigroup 'buy' with 260 pence target
Hays (LSE: HAS.L - news) 112 up 1-3/4
Credit Suisse 'outperform' with 138 pence target
FTSE 250 fallers
Enodis (LSE: ENO.L - news) 146-3/4 down 4-3/4
In-line trading update; profit-taking after yesterday's speculative gains
888 Holdings 153-1/4 down 3/4
FY results due Apr 8
Other risers
Ardana (LSE: ARA.L - news) 12-1/4 up 2-3/4
Receives a number of approaches; licensing opportunities
Niche Group (LSE: NGP.L - news) 0.250 up 0.050
Co continues to identify pre-IPO opportunities
Business Direct 1.3750 up 0.250
Three-year deal with Parcelforce
Cosentino Signature Wines (LSE: MCOZ.L - news) 24-1/2 up 3-1/2
Swing to FY profits; confident statement
Allied Gold 40 up 5-1/2
Barrick Gold (HCX.TO - news) injects 15 mln aud via subscription
Your Space (LSE: YSP.L - news) 106 up 12-1/2
Upbeat trading statement; AGM OK for bonus issue
Petrolatina 6-3/4 up 3/4
1:5 share consolidation
Airsprung Furniture (LSE: APG.L - news) 39-1/2 up 4
FY sales & profits to be ahead of expectations - company
Flomerics (LSE: FLO.L - news) 93 up 9
Bullish update
Laura Ashley 21-3/4 up 2
FY profits up 62.3 pct; Numis reiterates 'buy' with 28 pence target
Independent News & Media 1.83 eur up 0.11
FY results
Other fallers
Wolfson Microelectronics (LSE: WLF.L - news) 110-1/2 down 31-1/2
Co fails to win a media played design contract from a major customer
Enova Systems (LSE: ENVS.L - news) 215 down 53
FY losses widen; 4.2 mln stg placing at 195 pence
Avanti Screenmedia 2.750 down 0.6250
Widening H1 losses; exploring ways to raise further immediate funding
Xploite 41-1/2 down 9
In-line update eclipsed by possible offer talks ceasing
Oxus Gold (LSE: OXS.L - news) 20 down 2
H1 losses widen
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