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12:47GMT 10Nov2008-JKX Oil & Gas higher on Ukrainian gas news

Shares in JKX Oil & Gas Plc rise 8.6 percent after it completes the tie-in of its Ukrainian gas production to the Soyuz trunk line, effectively removing any delivery constraint on the amount of sales gas that can be delivered.
Evolution Securities says this will now clear the way for increasing gas exports in 2009. It repeated its "add" advice for the shares and reiterated its 450 pence price target for the stock.
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12:27GMT 10Nov2008-FTSE Small Cap Index up 1.3 pct by mid-session

The FTSE Small Cap Index rises 1.3 percent as UK markets rally following a strong close in the United States on Friday and on news of a stimulus package in China, with the FTSE 100 Index up 2.4 percent.
Emerald Energy lifts 7.1 percent as the group announces a positive update on its Capella No.2 Well in Columbia and an amendment to its farm-out agreement with Canacol Energy Inc, prompting Evolution Securities to repeat its "buy" stance.

GoIndustry-DoveBid, the AIM-listed industrial machinery and equipment maker, falls 17.4 percent after warning its full-year 2008 performance may not meet market expectations, due to recent turbulence in global financial markets. Reuters Messaging rm://david.brett.reuters.com@reuters.net
12:19GMT 10Nov2008-Churchill Mining up on positive coal update

Shares in AIM-listed Churchill Mining Plc rise 3.1 percent to 33 pence after an independent study for its East Kutai coal project indicates a combination of road and river barge transport is now possible. The group says this may "considerably decrease" its capital expenditure requirements. It also raises its initial tonnage target for the first year up to 3 million tonnes, while for the second year it now looks for 5 million tonnes.
Stockbrokers Ambrian says this is positive news for the group and is supportive of the project's key drivers. It reiterated its "buy" recommendation and 80 pence price target for the shares.
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12:08GMT 10Nov2008-Arc up on in-line update, Panmure says "buy"

Shares in Arc, the multimedia technology provider, climb 3.4 percent following its in-line trading update, prompting Panmure Gordon to repeat its "buy" recommendation and 30 pence target price.
Panmure says it remains a buyer of the stock because of Arc's audio and video strategy and strong cash position.
However, the broker has reduced its revenue expectations for 2009 by 1 million pounds to 20.4 million pounds due to the anticipated tougher licensing environment.
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12:02GMT 10Nov2008-Dignity rises on update, Investec "buy"

Shares in Dignity, Britain's only listed funeral services company, rise 7.9 percent as it says its 9-month operating profit is up 10.5 percent and its outlook is in line with expectations, prompting Investec Securities to repeat its "buy" stance and 740 pence target price.
Investec says Dignity has not seen any material impact from the current downturn and, while no business is immune, it is probably about as close as it gets.
The broker says recent share price weakness is a great opportunity to stake-build in a business that should be both robust in the downturn and perform well if the sentiment improves.
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11:26GMT 10Nov2008-Rank rises on legal tax win

Shares in Rank Group Plc. rise 3 percent to 65.25 pence as the bingo, casino, and online gaming firm receives 59.1 million pounds from the UK government in returned taxes.
"I would have though it would have gone up a bit more than it has done today but we're in very difficult markets so I can understand what's happened," says one analyst who estimates that the legal win is worth six or seven pence per share.
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11:03GMT 10Nov2008-Carr's Milling higher after profits double

Shares in Carr's Milling Industries Plc. advance 4.6 percent to 507.5 pence after it reports more than doubled full year profits and says it is well placed for the current financial year. Pretax profits for 2007/08 increased by 113 percent to 12.9 million pounds, although 4.1 million of this was due to inventory and foreign exchange gains.

Investec Securities said while the group benefited from this windfall, there was equally a fair degree of solid underlying improvement from volumes and margin gains. Excluding the windfall element, the broker expects further progress and is forecasting pretax profits of 9.9 million pounds for 2008/09. It reiterated its "buy" recommendation and 550 pence price target for the stock.
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10:57GMT 10Nov2008-Powerleague up, Altium says "buy" and target price 60p

Shares in Powerleague, the five-a-side football centre operator, climb 15.3 percent after Altium Securities repeats its core 12-month "buy" rating and 60 pence target price.
Altium says shares in Powerleague, which reported in line full-year results at the beginning of October, have fallen over 70 percent in the last 12-months, meaning they are the hardest hit in the leisure sector.
The broker says the fall leaves peer Goals Soccer Centre, which it rates as "sell", trading at a 76 percent premium.
Altium says in paying down debt and ensuring 10 new centres are opened in 2008 the management are making the right decisions to maximise long-term shareholder value.

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10:07GMT 10Nov2008-Rentokil up, press reports FD to step down

Shares in Rentokil Initial rise 2.1 percent after weekend reports in the Financial Times that finance director Andrew Mcfarlane is to step down early next year, news which Seymour Pierce says is of little surprise.
In a note, Kevin Lapwood, an analyst at Seymour Pierce, says: "Mcfarlane was the only remaining member of the senior management team that sanctioned the acquisitions of Target Express and Pink Hygiene, both of which are now causing acute problems for the new management team."
Following Friday's third-quarter figures, Seymour Pierce reduces its full year 2009 pretax numbers for Rentokil down to 105 million pounds, with an adjusted EPS of 4.8 pence, while it cuts its stance to "sell" from "hold" with a target price of 40 pence.

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