Oct 3 (Reuters) - STOCKS NEWS Reuters
Results diary
Stocks on the move Real-time Equity News
13:02GMT 03Oct2008-North Midland up; Brewin says \"buy\"
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Shares in North Midland Construction up 5 percent as Brewin Dolphin
repeats its \"buy\" recommendation, saying it believes the shares \"have been
oversold\" and seeing \"significant value for investors willing to take a long
term view\".
The broker, however, recognises that in the short term investor sentiment
towards the construction sector may continue to remain negative, and it has cut
its price target for the shares to 150 pence, from 280 pence.
Brewin Dolphin says it has also downgraded its 2008 and 2009 EPS
forecasts for the company by 45 percent and 32 percent respectively to reflect
the firm\'s full year profit warning which accompanied first half results on
August 29.
Reuters Messaging: jon.hopkins.reuters.com@reuters.net
12:10GMT 03Oct2008-Roche falls after Amgen court ruling
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Roche Holding AG loses 1.7 percent after a U.S. court affirmed a jury
verdict upholding Amgen Inc patents on its blockbuster anaemia drugs,
effectively blocking the Swiss drugmaker from selling a rival drug in the United
States.
The stock is also pressured by a warning from Roche\'s U.S. partner
Genentech Inc that a patient being treated with its psoriasis drug Raptiva has
developed a rare brain infection.
\"Both are bad for the sentiment,\" a trader says.
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11:29GMT 03Oct2008-FTSE Small Cap index down 0.7 pct
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Britain\'s FTSE Small Cap index fall 1 percent at midday, underperforming
the blue chips, up 0.6 percent, but outperforming mid caps, down 1.0 percent.
The FTSE Developed European Small Caps index is down 0.9 percent, while
the FTSEurofirst 300 index is up 0.4 percent.
John Menzies stays the biggest small cap faller in the UK, down 17.4
percent, after a profit warning.
Camelia tops the risers list, up 8.4 percent, rallying after late falls
on Thursday following a cautious trading update.
Reuters Messaging rm://jon.hopkins.reuters.com@reuters.net
10:45GMT 03Oct2008-Halkbank slides amid sell-off comments
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Shares in Turkey\'s Halkbank tumble 9.6 percent amid a banking sector
slide exacerbated after Prime Minister Tayyip Erdogan says the sale of a fresh
stake in Halk Bank is not currently sensible.
Erdogan tells a news conference that it would not be sensible to carry
out a fresh Halk Bank sale at this time, with global markets in turmoil.
Halkbank has been scheduled for further privatisation this year after a
25 percent stake was listed on the Istanbul stock exchange in 2007.
Reuters Messaging rm://daren.butler.reuters.com@reuters.net
10:00GMT 03Oct2008-Hypo Real gains on rescue accord
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Shares in German lender Hypo Real Estate (HRE) rise 25 percent, topping
the DAX leaderboard, on expectations that final details for its 35 billion euro
rescue package have been hammered out.
\"When the agreement comes then HRE can actually be seen as a safe stock,\"
one dealer says.
Sources close to the situation said senior executives from German banks
and insurers agreed overnight how to allocate their parts of the credit
guarantee package to HRE. The European Commission approved the scheme on
Thursday.
Reuters Messaging rm://michael.shields.reuters.com@reuters.net
09:35GMT 03Oct2008-Swiss industrials fall on recession concerns
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Shares in Swiss industrial companies, including ABB and Holcim ,
are pressured by fears of an economic downturn hurting performance, traders say.
Engineering group Sulzer is the biggest faller, dropping nearly 11
percent, and Georg Fischer, Geberit and Sika also lose ground.
\"We\'re still living off a good prior year. That means order books have
stayed full for 2008. But what will be the consequences next year or the
following one?\" a trader says.
Of the blue chips, engineering group ABB falls more than 3 percent and
cement maker Holcim is down nearly 2 percent.
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