Tribal Share News (TRB)

Wed, 28th Jan 2009 13:35

STOCKS NEWS Reuters Results diary

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13:18GMT 28Jan2009-Tribal up on positive update; RBS says 'buy'

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Shares in Tribal, the business support services group, rise 10.6

percent following a bullish trading update, in which it says is full year

results are expected to be in line with market forecasts and it is 'confident'

on its 2009 outlook, prompting RBS to repeat its 'buy' rating.

RBS says a large part of Tribal's business relates to reducing costs,

performance improvements and ensuring budgets are spent efficiently which, in

this climate, should remain robust.

The company says it has increased committed income by 12 percent, 38 percent

of its planned revenues for 2009 are in the bag and the pipeline of potential

projects is significantly up year-on-year.

RBS says these factors give it 'confidence in the 2009 outlook and the

prospect for growth in committed income notwithstanding a more difficult macro

and funding environment'.

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



13:15GMT 28Jan2009-Marine Harvest up as salmon prices rise

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Shares in Norwegian fish farmer Marine Harvest rise 11 percent as

rising salmon prises boost sentiment. The shares are up about 90 percent since

their November life-low of 0.77 crowns.

'There's been a good underlying sentiment around Marine Harvest since the

new year. Higher salmon prices certainly help,' Nordea analyst Kolbjorn

Giskeodegard says.

The prices for harvested salmon rose last week by 0.5 crowns to 27.9 crowns

per kilo, Statistics Norway says.

Giskeodegard says that a weaker Norwegian crown also helps exporters to

increase profits.

Reuters Messaging rm://richard.solem.reuters.com@reuters.net



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