UK MARKET TALK ROUNDUP: SHARES GAINING

10th Jun 2010 08:00

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] 0700 GMT [Dow Jones] WH Ireland raises Halfords (HFD.LN) target price to 500p from 490p. Says the company's final results are marginally ahead of expectations, with trading since year-end having remained robust. Says the gross margin increased by 230 basis points to 54.4% as a result of sourcing benefits, sales growth in higher margin categories, increased sales of accessories and fitting services as well as a one month contribution from the higher gross margin Autocentres business. Keeps a market perform rating. Shares flat at 500p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 10, 2010 03:00 ET (07:00 GMT)