TALV.L Share News (TALV)

- Spanish auction well received despite rising yields- US futures up in wake of earnings results- Hargreaves leads Footsie higher, CWW plummets on FTSE 250After an initial dip following the results of the Spanish debt auction, the Footsie had regained its momentum by lunchtime on Thursday, trading firmly higher as investors seemed pleased with the strong demand seen for Spanish bonds.Meanwhile, US stock futures were pointing to a positive start on Wall Street ahead of what is hoped to be a set of strong first-quarter earnings results from banking giants Bank of America and Morgan Stanley.The Spanish Treasury has this morning issued €2.54bn in two- and 10-year bonds, slightly above the top end of the €1.5-2.5bn target, and while yields increased at both issuances, demand appeared solid with bid-to-cover ratios rising strongly.Neil Robson, from asset management group Threadneedle, seems to be rather upbeat: "New capital will need to be raised but the LTRO has reduced the funding risk and the threat of systemic issues. We have moved on from last autumn - the world is far from perfect, but the infections are being isolated.""Look at the year to date returns in European markets, Spain is down 16% but Germany is up 15% and Italy is the only other market except for Spain which is in negative territory," he said.However, Organization for Economic Cooperation and Development (OECD) Secretary-General José Ángel Gurría has warned that the sovereign debt crisis continues to put the Eurozone at risk of a recession this year. He said that some countries would be contracting more than others, while others could actually register growth. Nonetheless, "in Europe we have yet to enter a clear stage of recuperation." FTSE 100: Hargreaves, IMI, Pru lead the risersHargreaves Lansdown, the financial services provider and asset management group, rose strongly after seeing a record level of Assets under Administration (AuA) in the three months to March 31st despite the tough macro-economic conditions. Engineer IMI was a high riser after Jefferies upgraded its rating on the stock from hold to buy, saying that while the group isn't exactly geared for high growth, it does provide high returns. Insurance group Prudential was also gaining after some positive broker commentary with UBS raising its target price on the stock, saying that it is trading in line with UK peers, "which is anomalous given its Asian exposure."Meanwhile, drinks group SABMiller rose after group revenue grew by one tenth in its final quarter. S&P Equity Research has this morning hiked its target price on the stock from 1,920p to 2,340p.Anglo American was in demand after seeing production in most of its major resource groups increase strongly in the first quarter. FTSE 250: Cable & Wireless WW and Talvivaara plummetThere has been two huge movers on the second-tier index this morning - Cable & Wireless Worldwide and Talvivaara Mining, down 19% and 15%, respectively.Time is running out for Vodafone to make a bid for the struggling telecoms company Cable & Wireless Worldwide (CWW) following news Tata Communications has decided not to bid for the firm. This news leaves Vodafone as the only shark circling the ship, but it only has until 17:00 today before the bid deadline runs out. CWW said late last night that discussions with the FTSE 100 group are still ongoing but "There can be no certainty that any offer will be made, nor as to the terms of any offer." Mining group Talvivaara dropped after reiterating that full-year nickel production will be at the lower end of its guidance and saying that it has made an operating loss for the first quarter. High Street betting shop Ladbrokes rose strongly after net revenue in the first three months of 2012 improved by 8.9%. FTSE 100 - RisersHargreaves Lansdown (HL.) 503.00p +4.47%Rolls-Royce Holdings (RR.) 837.50p +3.01%IMI (IMI) 988.00p +2.97%Prudential (PRU) 762.50p +2.83%Croda International (CRDA) 2,272.00p +2.53%Vedanta Resources (VED) 1,228.00p +2.16%Sainsbury (J) (SBRY) 316.40p +2.13%Wolseley (WOS) 2,463.00p +2.11%Aberdeen Asset Management (ADN) 273.70p +2.09%InterContinental Hotels Group (IHG) 1,490.00p +2.05%FTSE 100 - FallersMan Group (EMG) 94.75p -4.87%British Sky Broadcasting Group (BSY) 660.00p -1.27%WPP (WPP) 850.50p -1.05%ITV (ITV) 86.90p -1.03%SSE (SSE) 1,343.00p -0.96%Morrison (Wm) Supermarkets (MRW) 295.90p -0.80%BT Group (BT.A) 215.70p -0.46%AstraZeneca (AZN) 2,816.50p -0.32%Centrica (CNA) 316.50p -0.31%Reed Elsevier (REL) 527.00p -0.28%FTSE 250 - RisersExillon Energy (EXI) 143.60p +7.81%Kenmare Resources (KMR) 54.00p +5.68%Renishaw (RSW) 1,418.00p +5.19%Ladbrokes (LAD) 171.20p +5.16%Ruspetro (RPO) 208.50p +5.04%Dixons Retail (DXNS) 17.94p +4.91%Domino Printing Sciences (DNO) 631.00p +3.95%Spectris (SXS) 1,892.00p +3.39%Premier Farnell (PFL) 215.70p +3.35%William Hill (WMH) 267.20p +3.33%FTSE 250 - FallersCable & Wireless Worldwide (CW.) 30.00p -19.03%Talvivaara Mining Company (TALV) 192.00p -14.67%Home Retail Group (HOME) 99.35p -4.38%African Barrick Gold (ABG) 355.10p -3.74%Soco International (SIA) 290.80p -2.71%Computacenter (CCC) 419.90p -2.71%Homeserve (HSV) 231.30p -2.57%Kesa Electricals (KESA) 55.75p -2.45%WH Smith (SMWH) 534.00p -2.38%Centamin (DI) (CEY) 64.30p -2.21%BC