UK MARKET TALK ROUNDUP: SHARES GAINING

7th Jul 2010 09:28

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] 0828 GMT [Dow Jones] Panmure Gordon upgrades Robert Walters (RWA.LN) to buy from hold following recent share price weakness. Notes the company's strong 2Q numbers, adding they showed excellent growth in a number of territories, in particular Asia Pacific. Says recruitment activity has clearly improved and the company's strong market positions have begun to pay off. Has 230p price target. Shares +12% at 218p. ([email protected]) 0712 GMT [Dow Jones] Merchant John East Securities ups Robert Walters (RWA.LN) to buy from hold. Says the firm had a very strong second quarter with growth accelerating from an already good first quarter. Increases its 2010 pretax profit forecast 42% to GBP10.25M from GBP7.2M and its 2011 view to GBP14M from GBP10.8M. Reckons the increase in activity comes from permanent recruitment. Keeps 240p target price. Shares +7.6% at 210p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 07, 2010 04:28 ET (08:28 GMT)