Dart Share News (DTG)

Thu, 4th Dec 2008 10:59

STOCKS NEWS Reuters Results diary

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10:41GMT 04Dec2008-Dart Group soars after 'strong' results

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Shares in Dart Group jump more than 20 percent to 29.5 pence after

first-half results, which Collins Stewart describes as strong, with the aircraft

operator almost doubling its pretax profit and saying winter booking levels are

encouraging.

Collins Stewart, which rates the stock as 'buy' with a 54 pence target

price, points out that trading on 1.9 times PE, and 0.6 times EV/EBITDA, Dart is

very cheap.

The broker says the only disappointment in the results statement was the

dividend cut to conserve cash.

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Reuters Messaging rm://tricia.wright.reuters.com@reuters.net



09:57GMT 04Dec2008-Recruiters slide on Michael Page warning

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Shares in staffing companies plunge after British-based recruitment firm

Michael Page International warns on its full-year profit, highlighting

the slowdown in jobs markets and falling demand for permanent hires, especially

in financial, retail and legal sectors.

Michael Page says the turmoil in the financial sector has eroded confidence

in the wider economy with Britain and the United States bearing the brunt of the

downturn. Its slides as much as 22 percent, while rival Hays falls 11

percent and Robert Walters drops 6.5 percent.

'The fact that the downturn is universal and is no respecter of geography

introduces a new tone of urgency to matters. The fact that recruiters have

limited visibility at the best of times means that the darker note for Q4

trading will translate into prospects going forward,' FinnCap analyst Duncan

Hall says.

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





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