UK MARKET TALK ROUNDUP: SHARES GAINING

13th Jul 2010 08:57

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0757 GMT [Dow Jones] Goldman Sachs upgrades British American Tobacco (BATS.LN) to buy from neutral and target to 2840p from 2370p. Within the brokerage's global coverage of tobacco, at 78%, British American has the highest group volume exposure to emerging markets. "Despite accounting for 80% of global cigarette consumption, emerging markets share only 50% of the global category profit pool. As income levels rise across these markets, we expect the global industry profit pool to triple from $63B in 2008 to $183B by 2030." Shares +1.9% at 2261p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 13, 2010 03:57 ET (07:57 GMT)