Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com0900 GMT Canaccord Genuity lowers its fourth quarter sales estimate on Poundland Group in light of recent euro weakness. It now expects the budget retailer to report an 8% rise in sales on a reported basis, down from 10% previously. Poundland updates on trading on April 14. The brokerage maintains its 385p target price and hold rating. Shares down 0.4% at 366p. (jana.simmons@wsj.com)
0858 GMT Erste Bank upgrades MOL to buy from hold, primarily on rising refining margins, which exceed the industry average for MOL because of its high efficiency and strong petrochemicals margins. Furthermore, the company's latest efficiency program will add $400 million to Ebitda by 2017, offsetting an expected decline from 2017 onward in upstream margins, says analyst Tamas Pletser. The falling oil price, while reducing upstream profits, creates an opportunity for MOL to acquire new oil fields, on which it could spend as much as EUR4 billion, Mr. Pletser adds. Raises target price to HUF17,400 from 11,880. MOL shares are up 3.7% at HUF13,775. (margit.feher@wsj.com @margitfeher)
0817 GMT [Dow Jones]--Robert Walters is the biggest riser on the FTSE Small Cap Index after saying it expects profits for the year to be ahead of current market forecasts due to strong growth in first-quarter net fee income and increasing recruitment consultant productivity. Analyst consensus for 2015 pretax profit was GBP20 million prior to the announcement. Shares climb 7.2% to 385p. (jana.simmons@wsj.com)
0816 GMT [Dow Jones]--Panmure Gordon raises its fiscal 2015 pretax profit forecasts for Robert Walters (RWA.LN) by 7% to GBP21.3M after the staffing firm said it expects profits for the year to be ahead of current market views. The broker also lifts its target price to 450p from 353p and maintains its buy rating. Shares +7.2% at 385.0p. (jana.simmons@wsj.com)
0750 GMT [Dow Jones]--The main attraction for Shell is BG's deepwater assets in Brazil and its LNG portfolio, says RBC Capital Markets. "BG's LNG portfolio combined with Shell's would represent about 40mtpa or roughly 16% of the global LNG market, further propelling Shell's position as a leader in this area," RBC says. In addition, Shell will buy significant growth options, including Tanzania and Lake Charles LNG. In Brazil, BG's assets would give Shell a further foothold in one of the lowest cost basins in the world, and could add potential synergies with Shell's Libra assets, RBC adds. Shell's B shares fall 5.2%, BG's shares climb 38%. (ian.walker@wsj.com; @IanWalk40289749)
(END) Dow Jones Newswires
April 08, 2015 05:00 ET (09:00 GMT)
#FX
#Forex
#MarketTalk
#RoundUp
#SharesGaining
#UnitedKingdom
0 Response to "UK Market Talk Roundup: Shares Gaining"
Thanks for give comment.