Innovation Share News (TIG)

Thu, 2nd Apr 2009 11:18

STOCKS NEWS Reuters Results diary

Stocks on the move Real-time Equity News



10:02GMT 02April2009-Innovation up on insurance platform launch

---------------------------------------------------------------

Shares of Innovation Group Plc rise as much as 8.6 percent after the

software group, which ended takeover talks with private equity firm Carlyle on

Wednesday, launches its new insurance processing platform with a $3 million

contract win.

'The platform ... has already been well received by industry analysts and

customers,' says Altium Securities analyst Jonathan Imlah, who raised his rating

to 'buy' from 'hold'. 'There is value in Innovation Group ... but after another

aborted bid, it may take some time to be realised.'

To see company statement, click on

Reuters messaging rm://purwa.naveen.reuters.com@reuters.net



09:45GMT 02April2009-Chloride higher on 'reassuring' trading update

-------------------------------------------------------------------

Shares in power supplier Chloride jump nearly 10 percent after a

trading update in which the company says product order intake has been solid,

with growth in its industrial business offsetting softening in some sectors of

the standard business.

'Chloride's trading update, for the final quarter of its financial year to

March 2009, is reassuring and does not require any change to our estimates,'

says Arbuthnot Securities in a note.

The broker has a 'buy' rating on the stock.

For more double click on

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



09:29GMT 02April2009-Kewill up on major contract win, broker 'buy'

------------------------------------------------------------------

Shares in Kewill Systems gain 8.3 percent as the software and

solutions company announces a major freight forwarding contract win with A.P.

Moller - Maersk Group, which Piper Jaffray says is a significant

step for Kewill.

The broker, which repeats its 'buy' rating, says: 'We estimate that this

overall project will be worth multi-million Euros to Kewill and should underpin

results for the year to March 2009 and also provide a solid platform for future

years.'

Kewill also announces Finance Director Guy Millward would leave the company

on June 30 to join IT services and technology company Morse Plc.

'The departure of Guy Millward is a disappointment but he is clearly

leaving the company in a strong position,' says Piper Jaffray.

For more double click on

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



09:12GMT 02April2009-Matchtech falls on cautious outlook

--------------------------------------------------------

Shares in Matchtech are marked down over 10 percent after the

recruitment company says the outlook for the rest of the financial year to

end-July 2009 is now below the board's previous expectations, with Arbuthnot

Securities cutting its forecasts in response.

'While the first-half results have been positive (in line with

expectations), the company notes that growth in the second quarter has slowed

down markedly,' Arbuthnot says in a note.

Volatility and lack of visibility are the main factors behind the cautious

outlook, the broker says, reducing its estimated earnings per share for the year

to July 2009 and the year to July 2010 by about 14 percent and about 26 percent,

respectively.

For more double click on

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



09:09GMT 02April2009-Amiad Filtration up; FY PBT up 13 percent

--------------------------------------------------------------

Shares in Amiad Filtration Systems rise 5.9 percent after the

supplier of water filter and filtration systems reports a 13 percent in pretax

profit for the year to end December 31, 2008, and a bullish outlook.

'We're ahead of expectations at the end of fourth quarter 2008 and while we

see cost control important in 2009, tighter legislation and a high order backlog

coming into the new year will drive the business forward,' Arik Dayan, Chief

Executive tells Reuters.

Aim-listed Amiad posts pretax profit of $6.7 million, with turnover rising

to $73.3 million from $57 million in 2007, driven by sales growth in all its

main territories, with North America the largest contributor.

For more double click on

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



08:07GMT 02April2009-UK small caps gain 1.4 percent early

---------------------------------------------------------

The FTSE Small Cap index gains 1.4 percent in early trade, faring

worse than both the blue chips and the midcaps, up 2.9 percent

and 2.8 percent, respectively.

Shed Media gains 3.3 percent after the television production company

unveils a 46 percent rise in pretax profit, with Altium Securities lifting its

target price to 95 pence from 90 pence, and reiterating its 'buy' rating.

Home shopping and education supplies firm Findel falls 5.7 percent

as worries about weakness in its education supplies business overshadows news it

is closing the loss-making Cotswold Company and Letterbox units to save money.

For more on Shed Media double click on; for more on Findel

double click on

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







COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.