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09:42GMT 26Oct2009-Zenergy Power rises on new order
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Shares in Zenergy Power Plc rise 3.8 percent after the semiconductor company gets a new order for an induction heater and says its superconductor is now considered commercially favourable by four industrial metals producers.
"This is its fourth order to date and will help move full-year revenues closer to our forecasts," says Panmure Gordon, which estimates 3 million euros in revenue for the year and keeps its "buy" rating on the stock.
"We need to see one further order before year-end to meet our expectations. We understand that this is highly likely, given the advanced level of activity with a number of potential customers," the brokerage adds.
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09:39GMT 26Oct2009-Handmade restarts higher after fundraising
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Handmade Plc restarts trading with shares rising as much as 39 percent after the film entertainment company on Friday raises 17 million pounds by placing shares and loan stock and signs several deals.
Handmade suspended trading on AIM on June 30 saying it was in deal talks regarding multiple corporate transactions and associated funding.
It on Friday also published outstanding full-year and interim results, announced a JV with National Geographic, along with the acquisitions of U.S. animation firm Animation Collective and the rights to books written by Sarah Ferguson, the Duchess of York.
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09:21GMT 26Oct2009-UK small caps slip 0.1 pct early
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The FTSE Small Cap index falls 0.1 percent in early deals, underperforming a modestly firmer blue chip index, up 0.1 percent, but outperforming the mid caps, down 0.3 percent.
Avanti Communications Group is a strong small cap riser, up 7 percent after the firm wins a 7.5 million pounds contract and strategic partnership deal with Hughes Network Systems. For more, double click on
UK Coal is a faller, losing 3.4 percent after Britain's biggest coal producer reports a 20 percent drop in its third-quarter revenues and says it expects its deep mine output for the full-year to be at the lower end of its previously estimated range. For more, double click on
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09:20 GMT 26Oct2009-McBride up, trading ahead of hopes
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McBride shares jump 9.9 percent to 220.8 pence after Europe's biggest maker of retailer own-brand household products says it traded ahead of internal expectations in the four months to Oct. 25.
"We now feel comfortable that the group should at least match the 5.5 percent (operating) margin achieved in H209," say analysts at Investec Securities in a note.
They expect to increase their year to end-June 2010 pretax profit forecast by about 6 million pounds to about 42 million pounds.
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09:02GMT 26Oct2009-Pawnbroker H&T shares hit high on gold-rush
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Shares in UK pawnbroker H&T climb nearly 7 percent to a record high, after it reports current trading to be 'well ahead' of market expectations, lifted by the rapid roll-out of its gold-buying stands to profit from soaring gold prices.
"While the longevity of gold buying is unknown, the cash benefits may accelerate core growth," says John Stevenson, analyst at KBC Peel Hunt, which is planning to raise 2009 forecasts by at least 10 percent, he adds.
Analysts at Daniel Stewart say they are likely to increase 2009 forecasts by around 17 percent and 5 percent for 2010.
"In the interests of making hay while the sun shines, H&T should be praised for their opportunistic reaction to the high gold price," say analysts at Daniel Stewart.
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08:50GMT 26Oct2009-BA falls on antitrust threat, downgrade
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Shares in British Airways fall 3.2 percent, the heaviest FTSE 100 faller after a report says the airline, along with Iberia and American Airlines , may have to give up take-off and landing slots to satisfy EU conditions for a proposed tie-up.
A broker downgrade also weighs on the stock.
The Financial Times says the EU believes that the proposed alliance was likely to result in "appreciable competitive harm" on seven European-U.S. routes. Remedies may include the transfer of airport slots to other carriers, the newspaper says.
Meanwhile Deutsche Bank downgrades its stance on the stock to "sell" from "hold". The broker says BA's proposed merger with Iberia and anti-trust immunity with American Airlines, described as the main positive catalysts for the stock, are at risk.
"We see too much risk and too little reward to be invested in British Airways over the next 12 months... investors who want to be in the sector should buy either Lufthansa or easyJet, both of which have strong balance sheets and a clear strategic direction," Deutsche Bank analysts write in a note.
Shares in Iberia falls 3 percent while American Airlines closed 7.3 percent lower on Wall Street on Friday.
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