STOCKS NEWS EUROPE-Shares in fertilisers maker K+S recover

Sept 12 (Reuters) - STOCKS NEWS Reuters Results diary

Stocks on the move Real-time Equity News


09:49GMT 12Sept2008
Shares in fertilisers maker K+S recover from slide

Shares in fertilisers maker K+S AG rise 6.5 percent, making it the top gainer on Frankfurt's mid-cap indexp, as it recovers from the slide provoked by the news last week it will join Germany's top-30 DAX index.

'As the decision about the Dax-promotion was made, many funds, which emulate the Mdax, had to sell,' says one Frankfurt-based trader. 'We saw a massive sell-off.'

K+S, which slumped 25 percent in the last two weeks, will join the DAX from Sept 22, replacing travel and shipping group TUI.

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0925GMT 12Sept2008
Vivendi falls as RBS cuts to 'hold'

Vivendi shares fall 0.9 percent after RBS downgrades Europe's top entertainment group to 'hold' from 'buy' with a price target cut to 28 euros from 30 euros.

'Management has done a good job of transforming the group through acquisitions. Its focus now turns to integration and organic growth,' says RBS in a note.

'With most divisions in low to no growth industries facing structural issues, we see no catalyst for outperformance,' adds RBS.

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09:04GMT 12Sept2008
Advanced Medical Solutions up; Oriel repeats 'buy'

Shares in Advanced Medical Solutions Group rise 4.5 percent with Oriel Securities reiterating its 'buy' recommendation, following the U.S. Food and Drug Administration's approval of its silver wound gel product announced Thursday.

Oriel says it 'expects this to represent a niche market opportunity, but again demonstrates how AMS is able to broaden its product range through innovative approaches towards silver-based technologies.'

The broker adds that on 15.2 times full-year 2009 price earnings, it continues to believe there is headroom in AMS's current share-price.

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08:58GMT 12Sept2008
Anite down after customer XL says in administration

Shares in Anite Plc. slip 3.7 percent following news its customer XL Leisure Group, Britain's third largest package holiday operator, has gone into administration, though analysts remain positive on the stock.

'Management contact confirms that there are no significant outstanding balances owed by XL Leisure and on a run-rate basis it generates about 300,000 pounds of annual profit,' for Anite says RBS in a note.

'We see 300,000 pounds as manageable in the context of the division which has about 34 million pounds of annual revenues and profits of about 8.6 million pounds,' adds RBS.

While today's news may be a hit to sentiment we continue to believe the shares offer good value,' says the broker, which rates Anite shares as 'buy'.

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08:53GMT 12Sept2008
Petroplus up as US refiners hit by Ike

Shares in Swiss refinery group Petroplus rise almost 4 percent as capacity reduction in the United States due to Hurricane Ike means that demand for fuel is outstripping supply, boosting margins.

'The direction is clear, if there is a global shortage then margins will go up,' says Landsbanki Kepler analyst Fabian Baumann.

About 14 percent of U.S refining capacity is located in the Houston area, where Hurricane Ike is seen making landfall.

Baumann also says the third quarter could be the second strong quarter for the group in a row.

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08:39GMT 12Sept2008
Eaga rises; set to benefit from UK Govt energy schemes

Shares in eaga climb 1.9 percent as the 'green' support services provider says it is well placed to benefit from the U.K government's increased investment in residential energy efficiency schemes, prompting Arbuthnot to upgrade its earnings forecasts and raise its target price.

In a note, Arbuthnot says it expects eaga to benefit from 74 million pounds additional Warm Front funding over the next two years, along with a 20 percent increase in Carbon Emissions Reduction Target funding.

The broker says the increase in funding has lifted the near-term market opportunity for eaga, above its expectations, and as a result, it has raised its earnings forecasts in 2009 and 2010 by 4 and 6 percent, respectively.

Arbuthnot also raises its target price to 155 pence from 145 pence, whilst repeating its 'neutral' stance.

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08:30GMT 12Sept2008
ASML down as JPMorgan cuts price target

ASML shares fall 1.8 percent as JPMorgan cuts its price target on the group to 12 euros from 16 euros, citing there is no demand drivers for NAND Flash untill the second half of 2009 and price is collapsing.

'With NAND having been main driver of ASML orders in 2008 ... order cuts from this segment should hurt,' JPMorgan says in a note, adding that ASML's orders in the fourth quarter of 2008 and the first quarter of 2009 will likely decline.

The broker, which has a 'neutral' rating on ASML, also says DRAM (Dynamic random access memory) companies balance sheets are too impaired for companies to place orders.

JPMorgan is adjusting its estimates to take that into account and reducing ASML's 2009 sales by 14 percent to 2.63 billion euros and earnings per share by 37 percent to 0.61 euros.

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08:24GMT 12Sept2008
Deutsche Post rises, to announce Postbank stake sale

Shares in German mail and logistics group Deutsche Post rise 2.1 percent, making them among the top gainers on the Dax, on expectations it will announce on Friday the sale of a big stake in subsidiary Deutsche Postbank.

Sources familiar with the matter tell Reuters that Deutsche Bank would buy an initial stake of 29.75 percent in Postbank for about 57 euros per share from its owner Deutsche Post.

'Post will get a lot of cash in the coffers through this sale. And whoever has cash is very attractive,' one Frankfurt-based trader says.

Postbank is up 2.3 percent.

Deutsche Post is to hold a press conference at 1200 GMT.

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