Bango Share News (BGO)

Tue, 25th Nov 2008 09:47

STOCKS NEWS Reuters Results diary

Europe Real-time Equity News

UK Stocks on the move

UK smallcaps



09:30GMT 25Nov2008-Bango falls as interims disappoint

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Shares in Bango lose 8 percent following disappointing first half results from the mobile web technology company, prompting Panmure Gordon to cut its forecasts.

'Impacted by first-quarter weakness in the UK, the interim results are short of our expectations and drive downgrades to full-year estimates,' says analyst Nick James who cuts his full year 2009 EPS forecast by 0.49 percent to 2.01 pence, and reiterates his 'hold' stance.

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Reuters messaging rm://ben.deighton.reuters.com@reuters.net



09:20GMT 25Nov2008-JJB up as JD Sports takes 10 pct stake

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Shares in JJB Sports, the sports fashion retailer, jump 8.5 percent as JD Sports Fashion acquires a 10 percent stake in the company, prompting Altium Securities to upgrade its 12-month core rating to 'hold' from 'sell' and its 6-month trading rating to 'neutral' from 'sell'.

JD Sports, which bought just over 25 million shares at 32.25 pence, says it has 'made this strategic investment in JJB because of its important place in the performance sports retail market.'

Altium says it moves its target price to 32 pence to reflect JD Sports' purchase price but it currently leaves its estimates unchanged.

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Reuters Messaging rm://david.brett.reuters.com@reuters.net



09:10GMT 25Nov2008-Topps Tiles slides on poor FY results

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Shares in Topps Tiles Plc slide 9.5 percent to 19 pence after the British tile retailer reports a 27 percent fall in full-year profit, scraps its dividend and says current trading is dire.

'With like-for-like sales falling by 18.3 percent over the first seven weeks of the first half, we have revised our forecast assumptions, resulting in our 2009 pretax profit falling from 22 million pounds to 16.1 million,' says John Stevenson, an analyst at house broker KBC Peel Hunt.

'However, we believe that Topps is well placed to trade through the current environment and generate consistently robust levels of cash; a feat few retailers will be able to match, we believe.'

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Reuters messaging rm://rhysl.jones.reuters.com@reuters.net



08:41GMT 25Nov2008-FTSE Small Cap Index falls 0.2 percent

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The FTSE Small Cap Index falls 0.2 percent, outperforming the wider UK market, as miners lead the fall following news that BHP Billiton has called off its bid for Rio Tinto, with the FTSE 100 Index down 1.4 percent and the FTSE 250 Index down 1 percent.

Clinton Cards slips 17.7 percent, the top small cap decliner, on news that the greetings cards retailer's sales were down 6 percent in the 16 weeks to Nov. 16, 2008. Altium Securities retains its 'sell' rating and cuts its target price to 2 pence from 9 pence.

JJB Sports climbs 10.8 percent as JD Sports Fashion buys over 10 percent of the issued share capital in the company, prompting Altium Securities to raise its rating to 'hold' from 'sell'.

Reuters Messaging rm://david.brett.reuters.com@reuters.net



05:54GMT 10Oct2008-FTSE seen opening little changed

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The FTSE 100 index is seen opening 4 points lower to 3 points higher on Tuesday, financial bookmakers said, pausing for breath following Monday's record gain in spite of further advances overnight on Wall Street and in Asia.

The UK benchmark posted its biggest-ever one day percentage rise on Monday, up 9.8 percent, or 372 points, to 4,152.96 led by rallies in commodities and banks, and helped by a tax give-away British pre-budget report.

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jon.hopkins@reuters.com



06:43GMT 25Nov2008-Corporate agenda for Tuesday

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BSS H1

CARCLO H1

CLINTON CARDS AGM

CML MICROSYSTEMS H1

HAMWORTHY H1

IMPERIAL TOBACCO YEAR

INTEC TELECOM YEAR

INTELEK H1

INTERMEDIATE CAPITAL H1

KCOM H1

LAND OF LEATHER AGM

PARAGON GROUP YEAR

RECORD H1

SEVERN TRENT H1

SIGNET Q3

SSL H1

SUPERGLASS H1

TOPPS TILES YEAR

TOROTRAK H1

VP H1



Reuters messaging rm://paul.sandle.reuters.com@reuters.net

Keywords: MARKETS STOCKSNEWS UK SMALL



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