Pv Crystalox Share News (PVCS)

Tue, 18th Nov 2008 10:10

STOCKS NEWS Reuters Results diary

Stocks on the move Real-time Equity News



09:48GMT 18Nov2008-PV Crystalox up on robust Q3 trading

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Shares in PV Crystalox Solar gain 5 percent to 119.25 pence after

the wafer maker for solar systems says trading over the last four months has

been better than expected, the construction of a new plant in Germany is

on-track and that its full-year performance will likely beat forecasts.

'The company says that the business is trading ahead of expectations and

that the new plant (in Bitterfeld, Germany) is on schedule, both in terms of

costs and production ramp up. PVCS is one of the lowest-cost producers in the

industry and has strong penetration within polysilicon production,' says

Arbuthnot analyst David Cunningham.

To see PVCS's statement please click on

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



09:51GMT 18Nov2008-TA Triumph-Adler rockets; Kyocera makes bid

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Shares in German office technology company TA Triumph-Adler soar

147.2 percent, after Japanese major shareholder Kyocera says it offers

1.90 euros ($2.40) per share for the company in a voluntary public takeover

offer.

'At first glance, the offer appears attractive. We expect however more

details from the bidding documents as soon as they are published,' Equinet

analysts write in a note.

The shares closed at 0.720 euros on Monday, and are up at 1.78 euros at 0951

GMT.

'For the time-being, we set our recommendation and our target price under

review,' they add.

Most recently, Kyocera held nearly 30 percent in the company.

For more double click on

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net

($1=.7921 Euro)





09:44GMT 18Nov2008-Spring Group eases as trading softens

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Shares in Spring Group Plc ease 3.0 percent to 24.25 pence after

the recruitment and workforce management company says trading has softened in

the third quarter of 2008 -- traditionally its strongest period.

Altium Securities says the greatest impact has been in the group's financial

services division, which accounts for a quarter of sales and 15 percent of net

fee income. It has reduced its full year earnings per share forecast by 24.5

percent, while for the next two years the broker has cut its estimates by 8.8

percent and 17.2 percent respectively.

Altium has also reduced its target price for the stock from 35 pence to 25

pence, but retains its 'hold' recommendation for the shares.

Reuters messaging rm://malcolm.locke.thomsonreuters.com@reuters.net



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