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13:42GMT 12Feb2009-Andor Technology higher after trading update

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Shares in Andor Technology gain more than 7 percent after the scientific imaging company says it expects a 30 percent rise in its first-half revenue from a year ago, helped by a healthy order book, and it is confident about its full-year outlook.

"This is a very positive statement and the company clearly continues to trade very well," Teathers says in a note, initiating coverage on the stock with a "buy" recommendation.

However, given the current tough economic conditions, the broker feels it prudent to attempt to build-in a likely slowdown rather than annualise the current high growth levels being achieved.

It sets a forecast growth in revenue of 15 percent to 28.5 million pounds for the year to September 2009, and a pretax profit of 2.4 million pounds compared to the pre-exceptional pretax profit of last year of 2.1 million pounds.

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12:43GMT 12Feb2009-DSG rises, broker eases funding fears

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Shares in DSG International rise as much as 16.1 percent to 27 pence after analysts at Credit Suisse say Chief Executive John Browett played down funding issues in a meeting with the company.

A report in the Sunday Telegraph newspaper had said Europe's second-biggest electrical goods retailer was drawing up contingency plans for a rights issue to raise "hundreds of millions of pounds".

The Credit Suisse analysts repeated their "outperform" recommendation.

"Overall we came away with our positive view reinforced. We felt John Browett was relaxed, playing down any funding issues and whilst admitting there was still lots to be done, was generally pleased with improvements seen to date within the UK businesses," they say in a research note.

Reuters messaging rm://james.davey.reuters.com@reuters.net

12:20GMT 12Feb2009-FTSE Small Caps down 0.2 percent midday

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The FTSE Small Cap Index slides 0.2 percent in mid session trade, taking its cue from the wider UK market, where the FTSE 100 is 1 percent lower and the FTSE Mid Caps are down 0.6 percent.

Castings falls 9 percent as the British iron castings supplier says customer demand has been at a very low level, especially over the Christmas and January period, and it is currently operating at about 40 percent of its previous production levels and expects no improvement at the present time.

Eidos soars 125 percent as Japanese video games maker Square Enix agrees to buy the British firm behind titles such as 'Tomb Raider' and 'Championship Manager' for 84.3 million pounds ($120.8 million) to extend its reach in Europe.

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12:14GMT 12Feb2009-Fenosa gains after Gas Natural bid approval

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Shares in Spanish power company Union Fenosa gain 1 percent to 17.73 euros, approaching bidder Gas Natural's 18.05 euro per share takeover offer, as Spanish competition approval of the operation removed uncertainty on the deal.

"Investors see the competition approval as removing doubts about the timing of the operation so they are buying into the stock ahead of the expected full bid for the company," a Madrid-based trader says.

Gas Natural guaranteed Spanish constructor ACS 18.33 euros per share for its 45 percent stake in Fenosa, but said it would discount Fenosa's 0.28 euro per share dividend from any subsequent offer for Fenosa shares.

Spanish competition authority CNC said it approved Gas Natural's 16.7 billion euro ($21.58 billion) bid for Fenosa on Wednesday.

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