Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0711 GMT [Dow Jones] UK banks all passed the EU-wide stress tests Friday. However, "the static balance sheet limitations along with the absence of important factors such as regulatory changes make the results less meaningful, especially for UK banks that will see significant restructuring," says JPMorgan Cazenove. Adds that a pass for UK banks was already expected post the FSA stress tests in 2009, and this test highlighted that UK banks would have no capital issues. Moreover, "this was more of a European exercise intended to reassure the market and so the same challenges in terms of higher funding costs, need to delever and balance sheet restructuring remain," adds JPMorgan Cazenove. Royal Bank of Scotland (RBS.LN) shares +2% at 46p, Barclays (BARC.LN) +2.8% at 310p and Lloyds Banking Group (LLOY.LN) shares +2% at 65p. (ishaq.siddiqi@dowjones.com) 0704 GMT [Dow Jones] Tullow Oil's (TLW.LN) latest discovery offshore Ghana, the Owo field, is world class, says NCB Stockbrokers analyst Peter Hutton. The field contains light oil, which considerably improves the economics, and will move Tullow materially closer to its top-end resource estimate of 1.4 billion barrels of oil equivalent for Owo and its neighbouring discovery Tweneboa, he says. "This gets Tweneboa/Owo over commerciality by some measure," he says. Shares +5.3% at 1241p. (james.herron@dowjones.com) Contact us in London. +44-20-7842-9288 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 26, 2010 03:11 ET (07:11 GMT)