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Johnson Matthey (JMAT) Apart from the period since mid-January, progress for Johnson Matthey shares has been relatively straightforward within a rising trend channel from June heading for an implied 2,200p target. The floor of the channel currently runs level with the green 10 day moving average at 1,949p, but bulls of the shares may be able to get away with an end of day close stop loss of the blue 50 day moving average at 1,969p. So says Zak Mir, Chartist

Eurasian Natural Resources (ENRC) Yesterday’s 1,037p end of day close filled the top of the January gap down at 1,023p. This should be enough of a buy signal to provide momentum in the near term. On this basis one would be targeting the top of a rising trend channel in place since August, one that has its resistance line running to 1,150p. This is the 2 - 4 week target, especially while there is no end of day close back below the grey 20 day moving average at 1,053p. So says Zak Mir - chartist

Imperial Tobacco (IMT) Having seen Imperial Tobacco jump up sharply this morning via a gap, there may be some understandable caution with regard to chasing the shares higher. Nevertheless, both the bullish divergence of late January in the RSI window and the fact that the gap today has created an island bottom in the shares means that we may be able to ignore the falling blue 50 / black 200 day moving averages. Indeed, the trade for today could be to go long to target the top of the January gap at 1,904p while there is no break below the low of the day so far at 1,853p. So says Zak Mir, Chartist

Outplacement specialist and recruiter Penna Consulting has slumped to a four-month low after warning that profits for the year to March will be "materially lower" than market expectations.

Speciality chemicals group Johnson Matthey said its underlying performance for the full year is expected to be slightly ahead of previous company expectations after third quarter profit rose by 34%.

Tobacco company Imperial Tobacco is the top performing blue-chip, however, after it said it has made a good start to its financial year. Underlying tobacco net revenues were up 5% in the final quarter of 2010, while it also saw increased cigarette and fine cut tobacco volumes, resulting in total stick equivalent volumes up 1.2%. The group expects to bump up the full year dividend pay-out ratio this year to 50% of adjusted earnings per share.

Seems to be potential here for a fair upside from close SP even with todays 10% rise

Brokerage house Ambrian Capital* (AMBR) announced trading conditions in the year ended 31st December 2010 continued to be "favourable" with pre-tax profits and share-based charges expected to be "substantially" ahead of the previous estimate of 1.82 million pounds. In the last quarter of 2010, the group benefitted from a strong performance by Ambrian Partners Limited, primarily as a result of increased fund raising activity, and continued growth in the value of the principal investment portfolio. In light of this, research house GE&CR reiterated its "strong buy" recommendation for the business with a 50.2p target price. The shares advanced 2.25p to 27.25

Shares in Matchtech Group (MTEC) dropped 27.5p to 216.5p after the staffing firm announced profits for the year ending 31st July 2011 are expected to be approximately 20% below current consensus expectations, hit by increased investment and lower than expected contribution from Professional Services. Separately, the group revealed net fee income (NFI) for the six months ended 31st January 2011 was 13.5 million pounds, up 8% against the same period last year, following a strong performance from Information Systems & Technology.

After todays drop this could be a good price to get in at if you can get past the fact that it appears at an all time low

Akers Biosciences (AKR), a manufacturer of rapid diagnostic screening and testing products, is raising 2 million pounds in a placing to fund clinical trials for a number of its diagnostic products and marketing of existing products, in addition to investing in its direct-sales capability. Commenting on this, chief executive Thomas Nicolette said: "With the planned commencement of a number of product trials and initiatives designed to enhance the marketing of our diagnostic devices, the company is entering into its most important and exciting phase to date." Shares in Akers fell back by 1.25p to 4.25p.

Sausage maker Cranswick (CWK) is confident in the "successful long term development of the business" after the positive trading performance seen in the first half of the year continued into the three months ended 31st December 2010. The company said underlying like-for-like sales increased by 5% during the quarter, showing a slight increase on the rate of growth seen in the first half of the year, while total sales were in line with those of the same period last year. Volumes were ahead by 10% on the first half of the year.

Property development and investment firm Helical Bar (HLCL) further increased its transaction activity by 23 million pounds in the UK as it continued to fulfil its strategy to increase cash flow within the portfolio, sell non-income producing property and take advantage of value in the investment and development market. The group said it had exchanged contacts on the acquisition of Sutton-in-Ashfield Shopping Centre, Leicestershire, for 16.1 million pounds, representing approximately 8.5% initial yield, and generated 6.5 million pounds from the sale of a number of assets from its portfolio. Helical shares inched up .

Arm Holdings (ARM), the Cambridge-based chip designer, continued to benefit from strong demand for smartphones and tablets as it delivered full-year results that were slightly ahead of expectations and said it was well placed for 2011. The company, which is rumoured to be a takeover target, reported pre-tax profits for the full year ended 31st December 2010 rose from 96.8 million pounds to 167.4 million pounds on sales up 33% at 406.6 million pounds on a normalised basis. Looking ahead, chief executive Warren East said: "2011 will bring exciting opportunities and challenges as Arm enters competitive new markets." Shares in Arm rose by 36.5p to 552.5p.

Panmure Gordon reiterated its "buy" rating on Capital Pub Company (CPUB) with a increased target price of 157p, up from 151p. The broker said the group's track record of strong sales growth continued through a relentless focus on geography, amenities and product. With that said, it continued to warm to the investment case and is growing more confident in the business to deliver strong profit growth. Similarly, Panmure added, the strong trading update should underline the attractiveness of the stock and the placing provides a solid platform for further earnings enhancing pub acquisitions. The shares advanced 8p to 136p.

Following a third-quarter interim management statement, Singer Capital Markets retained its "fair value recommendation on Synergy Health (SYR), the decontamination and sterile services provider, with a 839p target price. The broker thinks the group is a fundamentally sound, well-run business with an attractive outlook. It continues to believe that the outlook of the firm is improving and that, from financial year 2013, investors will start to see the benefits of the move into China and the current attractive bid book. That said, Singer currently sees the shares as fairly valued but thinks that any weakness in the share price would be an attractive opportunity for investors. Shares in Synergy inched ahead 6.5p to 891p.

Seymour Pierce reiterated its "buy" recommendation on Walker Greenbank (WGB), the luxury interior furnishings group. with a raised target price of 65p, up from 55p. The broker notes management's announcement that the positive momentum seen in the five months ended November 2010 has continued into December and January despite the wintry weather. In light of this update, Seymour has increased its 2010/11 pre-tax profit and earnings per share forecast by 6.5% to 4.9 million pounds and 6.2% to 8.6p, respectively. Walker Greenbank shares moved up 3.5p to 56.5p

Evolution Securities moved its rating for consumer goods firm Reckitt Benckiser (RB.) from "buy" to "neutral" with a reduced target price of 3,700p, down from 3,900p. The broker believes the group faces a raft of short-term headwinds including: flat-to-declining category growth in mature markets; tough fourth quarter over-the-counter competition; and input cost inflation. Whilst one would back the firm to manage these issues successfully, the broker thinks investors may look elsewhere for value until the earnings risk is clarified.

Interim Dividend The Directors of Standard Life Investment Property Income Trust Limited ("the Directors") have declared that an interim dividend be payable in respect of the quarter ended 31 December 2010 as follows; Ex-Dividend Date - 09 February 2011 Record Date - 11 February 2011 Payment Date - 25 February 2011 Dividend per Share - 1.1 p

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