London shares - midafternoon features UPDATE

Date : 11/16/2007 @ 10:02AM
Source : TFN
Stock : Falkland Gold & Mine (FGML)
Quote : 4.25  0.0 (0.00%) @ 1:00AM
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London shares - midafternoon features UPDATE

        (Updates with full report)
    LONDON (Thomson Financial) -     FTSE 100 risers
Sainsbury 416-1/2 up 11-1/4
    Defensive qualities
BHP Billiton 1,615 up 17
    Rio Tinto eyes counterbid against BHP - WSJ
Rio Tinto 5,500 up 80
    BHP Billiton bid situation
National Grid 799 up 18
    Own share buying
Severn Trent 1,422 up 23
    Defensive qualities
Tullow Oil 652-1/2 up 5
    Deutsche Bank 'buy' with target upped to 725 pence from 665
Cadbury Schweppes 614-1/2 up 5
    Sanford Bernstein 'outperform'
Royal Dutch Shell 1,942 up 9
    Deutsche Bank 'buy' with target upped to 2,450 pence from 2,375
Tesco 485-3/4 up 4-1/4
    Sanford Bernstein 'outperform'
Reed Elsevier 598 up 3-1/2
    ING 'buy'; update yesterday

    FTSE 100 fallers
Compass Group 292 down 9-1/4
    Evolution reiterates 'sell' ahead of FY results on Nov 28
Alliance & Leicester 618-1/2 down 29-1/2
    Cost of raising short-term debt reportedly high
Barclays 518-1/2 down 12
    Goldman Sachs cuts target to 627 pence from 657
Royal Bank of Scotland 429 down 19-1/2
    Credit Suisse 'underperform'
British Airways 346 down 13-1/4
    Reportedly facing multi-million-pound compensation bill - Times; ABN 'sell'
Next 1,899 down 30
    Consumer slowdown
Associated British Foods 902 down 15
    Citigroup 'sell' from 'hold'
GlaxoSmithKline 1,199 down 6
    ABN Amro cuts target to 1,250 pence
Lonmin 3,148 down 30
    Lehman 'underweight' from 'equal-weight'
British Land 880 down 32
    Lehman 'equal-weight' from 'overweight'
Friends Provident 156.1 down 7.5 
    Financials weak

    FTSE 250 risers
Beazley Group 156-3/4 up 11-3/4
    Credit Suisse 'outperform' from 'neutral'
JKX Oil & Gas 364 up 16
    Deutsche Bank 'buy' with target upped to 450 pence from 415
Venture Production 768 up 29
    Deutsche Bank upped to 'buy' from 'hold', tgt to 825p from 750p
Talvivaara Mining 309-3/4 up 6/4
    Metso wins automation system order from Talvivaara
Cairn Energy 2,309 up 42
    Deutsche Bank 'buy' with target upped to 2,600 pence from 2,400
Wood Group 413-1/4 up 6-3/4
    Evolution 'add'; Credit Suisse 'outperform'
SSL International 519 up 7-1/2
Ahead of interim results Tuesday

    FTSE 250 fallers
Minerva 167-1/4 down 11-3/4
    Profit-taking after recent speculative run
easyJet 594-1/4 down 35-1/2
    Collins Stewart 'take profits' advice ahead of next Tuesday's results
QXL Ricardo 1,610-1/2 down 70
    Awaiting bid developments
Segro 412-3/4 down 11-1/2
    Morgan Stanley 'underweight' from 'equal-weight'
Premier Farnell 147-1/4 down 3
    Credit Suisse 'underperform' from 'neutral'
Gyrus Group 399-3/4 down 2-1/2
    Patent infringement case filed against the company by ArthroCare Corp
London Stock Exchange 1,860-1/2 down 12
    Credit Suisse 'underperform'
Grainger 378-3/4 down 3-1/2
    FY results Nov 29

    Other risers
DiamondTech 5.625 up 1
    Non exec chairman buys 220,000 shares in coat 4-3/4 pence each 
Chieftain Group 193-1/2 up 31
    Co says H2 trading significantly ahead of expectations; FY confidence
Nautical Petroleum 14 up 2
    North Sea oil find
Brady 46 up 6-1/2
    CEO buys 675,000 more shares in co; ups stake to 2.51 pct
Timestrip 5.875 up 0-1/2
    Says Whirlpool Europe to adopt its smart label technology
Panmure Gordon 123-1/2 up 8
    Well-known Russian billionaire reportedly wants to build strategic stake
Provexis 3.625 up 0.125
    Coca-Cola agreement
Norcros 71 up 3-1/2
    Robust set of interims; Altium reiterates 'buy'
Lithic Metals 7-3/4 up 0-1/2
    Uranium mineralisation confirmed at Mvula prospect, Zambia
Vane Minerals 20-1/4 up 0-1/2
    Finds significant mineralisation at North Alice Extension drilling campaign
Aero Inventory 724 up 30-1/2
    10-year contract won with ACTS Aero Technical Support & Services 
Business Direct 3-3/4 up 0-1/4
     Director buys 300,000 shares at 4-1/4p each, lifting stake to 26.3 pct
Xcite Energy
    Places 18,750,000 ordinary shares at 0.805 pence per share

    Other fallers
Western Canadian Coal 31 down 24-1/2
    Q2 net losses of 43.9 mln usd 
Cambrian Mining 67 down 14-1/2
    Major stakeholder in Western Canadian Coal
Dawson International 2.625 down 0-1/2
    Warns FY outcome likely to be below its expectations
Falkland Gold and Minerals 5-1/2 down 0-3/4
    FY pretax loss widens on 2.64 mln stg write-off
Johnson Service 83-3/4 down 11
    Aberforth Partners no longer has an interest in co's shares
Care UK 348 down 13
    Department of Health seeks voluntary termination of west Midlands contract
tf.TFN-Europe_newsdesk@thomson.com
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