UK MARKET TALK ROUNDUP: SHARES GAINING

28th Jul 2010 08:20

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] 0720 GMT [Dow Jones] Seymour Pierce lifts its target price on Compass Group (CPG.LN) to 615p from 575p, and reiterates a buy recommendation, following the company's 3Q trading update. Says Compass announced a sharp acceleration in organic revenue growth, and encouragingly this was not achieved to the detriment of margins. Says this is a very strong performance, especially when compared with peer Sodexo (SW.FR). Shares +1.9% at 568p. ([email protected]) 0701 GMT [Dow Jones] Sage Group's (SGE.LN) 3Q update reads well, with reference to a small pick up in organic growth rates, says a trader. "Management is confident that the group's FY10 results would be in line with market expectations," adds trader. However, says organic growth is largely negative on a per geography basis in 1H, with the US -5% and EU -2%. "We doubt that 3Q has been sufficiently strong to put growth rates back into positive territory," it adds. Sage shares +1.8% at 253p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 28, 2010 03:20 ET (07:20 GMT)