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13:40GMT 24March2009-Cryo-Save rises on upbeat outlook

Shares in Cryo-Save Group NV rise 14 percent to 38 pence after the stem-cell storage company says it expects to benefit in 2009 from price increases and declares a maiden dividend.
Brokerage Daniel Stewart, which has a "buy" recommendation on the stock and a target price of 99 pence, says in a note: "The economic downturn is having less of an impact on sales volumes than initially feared. Current trading is in line with management expectations and the group is confident that volume growth will resume in FY09."
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13:32GMT 24March2009-IQE jumps on strong results, outlook

IQE Plc's shares jump 64 percent to 5.75 pence after the technology group reports a seven-fold jump in full-year underlying operating profit and says it sees revenue growth in the second half of 2009.
Analyst Nick James of Panmure Gordon says: "We upgrade to 'Buy' as the company appears to have navigated the downturn well, debt concerns have been mitigated and the stock looks oversold."
The brokerage also says the company looks to have very generous headroom on covenants.
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13:24GMT 24March2009-Innovation soars on approach

Shares in software company Innovation Group Plc soar as much as 76 percent after the company says it has received an expression of interest at 15 pence a share from private equity group Carlyle.
Panmure Gordon analyst George O'Connor says the company has previously rejected higher bids and a winning offer would likely be around 25 pence a share.
But brokerage KBC Peel Hunt, which reiterates its "buy" rating on the stock, says given the recent trading history of the company, it suspects that shareholders may leap to accept this potential offer.
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12:53GMT 24March2009-UK small caps gain 0.4 percent by midday

The FTSE Small Cap index gains 0.4 percent in midday deals, outperforming both the blue chips, which fall 1.3 percent, and the midcaps, which are up 0.2 percent.

Newspaper and magazine wholesalers Smiths News and John Menzies gain 14.7 percent and 31.1 percent, respectively, after winning new distribution deals from Associated Newspapers and COMAG, taking further market share from smaller rival Dawson Holdings, which plunges 40.6 percent. Reuters Messaging rm://tricia.wright.reuters.com@reuters.net
11:15GMT 24March2009-RM gains after trading update

Shares in educational software and services provider RM gain over 2 percent after the company says trading for the first half is in line with its expectations as its public sector customers continue to spend as anticipated.
"RM remains one of our key picks in the UK small cap software sector," Numis Securities says in a note, keeping its "buy" recommendation on the stock.
"We believe that the group's markets are defensive, and that the company continues to be very well positioned," it adds.
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10:56GMT 24March2009-Motivcom rallies after "in line" results

Shares in Motivcom jump over 19 percent after the employee-performance improvement company posts full-year results which Numis Securities says are in line with expectations, with the broker keeping its "buy" recommendation.
Numis says in a note that although it expects trading conditions to continue to be challenging this year, it thinks that on a 2009 P/E of 2.2 times, this has been priced in.
The broker says the group will benefit from its market-leading positions, and points out that it has a strong balance sheet and 12 percent yield.
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09:00GMT 24Mar2009-Northern Foods gains as UBS upgrades

Shares in Northern Foods rise as much as 11 percent as UBS upgrades to 'buy' from 'neutral' ahead of the company's fourth quarter trading update on Thursday.
UBS analyst Alan Erskine says: "Whilst the environment is challenging, we believe management had good visibility on the FY outturn when they last updated in January and, after the stock's recent sell-off, we upgrade our rating to 'buy' from 'neutral'"."
UBS forecasts organic sales growth of 3.2 percent, margin improvement of 20 basis points, and earnings before interest and tax up 7 percent to 52 million pounds.

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08:59GMT 24March2009-Dawson Holdings plunges on contract losses

Shares in print media distributor Dawson Holdings Plc plummet 45 percent to 14 pence after it says two major wholesale clients will not be renewing their contracts.
Dawson lost the business to larger rivals John Menzies, up 18 percent, and Smiths News, up 16 percent.
Dawson's contract losses -- which together represent 139 million pounds of potential lost revenue -- prompt broker Altium Securities to reduce its trading recommendation to "sell" and place its target price of 29 pence under review.

"Given the significant near term uncertainty resulting from these contract losses, we believe that the stock is likely to underperform until the forthcoming trading/strategy update," analyst Karl Green writes in a note to clients. Reuters messaging rm://nicholas.vinocur.reuters.com@reuters.net
08:44GMT 24March2009-UK small caps rise 0.5 percent early on

The FTSE Small Cap index rises 0.5 percent in early deals, while the blue chips gain 0.2 percent, and the midcaps are 1.3 percent firmer.
Technology group IQE surges more than 32 percent after unveiling a seven-fold jump in full-year underlying operating profit as the company's focus on high-growth markets helped it deliver a double-digit revenue growth.
Newspaper and magazine distributor Dawson Holdings tumbles over 44 percent after the company says Comag and Associated Newspapers will not be renewing their contracts when they expire in December 2010 and October 2010, respectively.
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08:40GMT 24March2009-Daily Mail up on investor day feedback

Shares in newspaper publisher Daily Mail & General Trust rise almost 6 percent as analysts say the company's investor presentation late on Monday shows the company well positioned to benefit from an economic recovery.
Brokerage Numis upgrades the stock to "add" from "hold" and raises its target price to 285 pence from 226 pence, and UBS notes the company's upbeat view on its long-term growth chances.
Numis writes in a note: "We believe the group is the best positioned of the B2C (business to consumer) publishers, benefiting from its breadth (national, regional and online), high historic levels of investment and solid balance sheet."
Daily Mail shares are up 5.9 percent to 256 pence by 0845 GMT, the top gainers in a 1.4 percent-higher European media index.
For Monday's story on the company's trading update, double click on

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