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10:21GMT 11Nov2009-Randgold up on gold rally, bullish comments
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Shares in gold miner Randgold Resources rise more than 5 percent to an all-time high after gold rallies and Randgold's shares bounce back from a dip following Tuesday's announcement of lower-than-expected quarterly profit.
"Gold is up and Randgold is the only pure player on gold in the FTSE," says Tom Gidley-Kitchin, an analyst with Charles Stanley, maintaining its "hold" recommendation.
"It may be investors decided yesterday's fall was a slight over-reaction," he says, adding the company gave: "bullish comment in terms of development reserves and resources and long-term objectives".
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09:26GMT 11Nov2009-DSG hits year high on broker upgrades
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Shares in DSG International rise up to 11 percent to to a new 12-month high of 37.5 pence after Citi and Bernstein become the latest brokers to publish positive notes on Europe's second-biggest electrical goods retailer.
DSG's joint house broker Citi raises its year to April 2010 pretax profit forecast by 51 pct to 68 million pounds ($113.8 million), its target price to 45 pence from 29 pence and its investment recommendation to 'buy' from 'hold'.
"DSG remains one of the most cyclical investment opportunities in the UK general retail universe," say analysts at Citi.
Bernstein raises its price target for DSG to 35 pence from 28 pence, with a market perform rating.
On Tuesday, UBS raised its full-year profit forecast by 8 percent.
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($1=.5973 Pound)
09:10GMT 11Nov2009-African Aura up; plans drill at Weaju
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Shares in African Aura rise 5.8 percent after the AIM-listed Canada-based miner says it plans to undertake a 4,000 metre diamond drill programme at its Weaju gold project in western Liberia.
Evolution Securities, which has a "buy" rating on the firm, says in a note: "Weaju is a high grade project so should generate good results."
The broker notes Weaju is close to its New Liberty project, where it has already outlined a measured and indicated resource of about 1.4 million ounces, while past drilling in the area has yielded some very encouraging results.
"Consequently we have high expectations for the results," the broker says.
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08:55GMT 11Nov2009-Fenner up on strong results, positive outlook
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Shares in Fenner Plc rise as much as 4 percent after the conveyor-belt maker posts strong full-year results and says it sees improvement in its major markets as well as benefits from cost cuts and an end to destocking by customers.
"The outlook looks positive," Numis Securities analyst Nick Webster says while increasing his 2010 pretax profit estimate on the company by 6 percent to 36.5 million pounds.
Webster says: "With increasingly positive news flow across its core businesses, the benefits of its investment programme and higher operational gearing we see strong potential for further upgrades to earnings."
He maintains an "add" rating and a 192 pence price target on Fenner's stock.
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08:53GMT 11Nov2009-E.ON, IPR rise on ugraded guidance, SSE falls
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Shares in utilities E.ON and International Power rise 2.4 percent and 4 percent respectively after they upgrade earnings guidance for the full-year. guidance for the full-year.
Shares in Scottish & Southern fall 2.4 percent, however, after it maintains guidance for its full-year after posting first-half results.
"We like the fact the dividend is secure but there was nothing positive in the SSE statement this morning," says one analyst who did not wish to be named.
"On the other hand, IPR was a lot more positive, a rare piece of good news for UK utilities, and the stock looks quite cheap relative to other utilities."
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08:47GMT 11Nov2009-Micro Focus jumps on strong update
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Shares in Micro Focus jump 18.1 percent to a three-month high, topping the mid-cap leaderboard, after it says a strong performance from its recent acquisitions, Borland and Compuware's testing unit, will help first-half earnings beat expectations.
Broker Singer says the contribution of Borland and Compuware numbers alone could drive a 15 percent upgrade to estimates.
Rajeev Bahl at Piper Jaffray also sees the update as a trigger for continued upgrades. "With Micro Focus now having confirmed that core trading remains robust and that it is outperforming on acquisition integration we continue to view Micro Focus as a key sector holding," he says.
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