London shares - midday features

Date : 05/09/2008 @ 7:34AM
Source : TFN
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London shares - midday features

        LONDON (Thomson Financial) -     FTSE 100 risers
Morrison 291 up 3
    JP Morgan 'overweight' with target upped to 340 pence from 320
Unilever 1,765 up 13
    Goldman ups target to 1,738p from 1,700; may dispose of Bertolli olive oil 
Tui Travel 255 up 1/2
    Numis 'add'; Credit Suisse initiates coverage with 'outperform'
GlaxoSmithKline 1,141 up 7
    ING 'buy' after company visit
Associated British Foods 889-1/2 up 1
    Defensive qualities
Cairn Energy 3,350-1/2 up 8
    Oil price supports
Eurasian Natural Resources 1,296-1/2 up 8
    Talk of interest in Kazakhmys 
Imperial Tobacco 2,489 up 5
    Credit Suisse 'outperform' from 'neutral'
Diageo 1,028-1/2 up 1
    Co to build new Guinness brewery; Independent newspaper 'buy'

    FTSE 100 fallers
BG Group 1,342 down 41
    Co says Origin Energy has not yet considered bid approach
Barclays 449-3/4 down 10-1/2
    Cash call worries
Marks & Spencer 398-3/4 down 12-1/4
    Watchdog in talks with co's investors over Stuard Rose's role - report
Vedanta 2,407 down 90
    FY results due Thursday
British Airways 229 down 9-1/2
    Record oil price
Carphone Warehouse 269-1/2 down 19-1/2
    Adverse comment on Best Buy deal
Alliance & Leicester 508 down 16
    Housing market worries
Persimmon 611-1/2 down 28-1/2
    Talk of bid for Bovis Homes
Johnson Matthey 1,908 down 49
    Morgan Stanley 'underweight' from 'equal-weight'
HSBC 862-1/2 down 19
    Morgan Stanley 'underweight' from 'equal-weight'
British Energy 698 down 17
    Awaiting bid developments
WPP 625 down 13-1/2
    ABN Amro 'hold' from 'buy'
Sage Group 214 down 12-1/2
    Investec 'hold' from 'buy'
Next 1,279 down 23
    Kaupthing downgrades to 'sell'

    FTSE 250 risers
IMI 508-1/2 up 30-1/4
    Jan-April organic growth around 7 percent; Evolution 'buy'
Laird Group 523 up 4
    Upbeat trading statement; Landsbanki 'buy'
Premier Oil 1,714 up 21
    Record oil price
JKX Oil & Gas 503-1/2 up 2-1/2
    Record oil price
Marston's 226 up 1-1/4
    JP Morgan 'neutral' from 'underweight'
Mapeley 1,283 up 7-1/2
    Lehman targets 1,325 pence

    FTSE 250 fallers
Bellway 769 down 26
    Fading bid hopes
Aegis 128 down 2-1/2
    New CEO of Aegis Media named
Redrow 293-1/2 down 8-1/2
    Housing market worries
easyJet 285-3/4 down 14-1/4
    Record oil price 
Intertek 1,006 down 36
    Trading update
JD Wetherspoon 309-1/2 down 6-1/4
    JP Morgan 'neutral' from 'overweight'
Micro Focus 263-1/4 down 11
    Goldman Sachs 'neutral' from 'buy'
Headlam 394 down 11-1/2
    Goldman Sachs 'sell' from 'neutral'
Stagecoach 248-1/4 down 5-1/2
    Goldman Sachs 'sell'

    Other risers 
Blinkx 34 up 9
    Talk of 60 pence-a-share bid, possibly from Rupert Murdoch's News Corp
Tinopolis 43-1/2 up 9-1/2
    Agreed 44.7 million pounds, or 45 pence-a-share cash offer from Bidco
Mercury Recycling 26 up 6-1/2
    Bumper FY profits; confident statement
Flomerics Group 102-1/2 up 13-1/2
    Rejects 104 pence-a-share bid from Mentor Graphics 
TDG 242-1/2 up 11-1/2
    Laxey Partners reiterates interest in possible cash offer for co
Zambezi Resources 10.25 up 0.625
    Discovery of potentially significant deposit
Dawson International 1.50 up 0.125
    Pension fund deficit falls to 4.7 million pounds from 19.8 million pounds
Cains Beer 8.75 up 0.875
    William Morrison deal
Leed Petroleum 38-1/4 up 3-1/2
    Investors Chronicle 'buy'
Freedom4 Communications 1.625 up 0.10
    Full-year results due next Friday 
ReEnergy Group 4.62 up 0.25
    Co to sell Estech for up to 1.9 million pounds cash
Psion 110 up 4-1/2
    Landsbanki 'buy'  
Shed Media 74-1/2 up 5-1/2
    Landsbanki 'buy'
Venue Solutions 4.62 up 1.125
    Trading statement
Iofina 70
    New issue, placed at 55 pence
 
    Other fallers
Fresnillo 525-1/2
    New issue at 555 pence
Claimar Care 57 down 20-1/2
    Finance director goes
Oxford Biomedica 24-3/4 down 1-1/4
    In-line update
Intec Telecom 54-3/4 down 2-3/4
    Profit-taking after Thursday's 'very preliminary' takeover approach
AEA Technology 68 down 2
    Q1 losses
Yule Catto 152-1/2 down 5-1/2
    Citigroup cuts target to 160 pence from 180
Restaurant Group 168 down 1-3/4
    JP Morgan 'neutral' from 'overweight'
Detica 313-1/2 down 4-1/2
    UBS 'neutral' from 'buy'
Majestic Wine 227 down 3-1/4
    Goldman Sachs 'sell' from 'neutral'

tf.TFN-Europe_newsdesk@thomson.com
fjb/ejp

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