UK MARKET TALK ROUNDUP: SHARES GAINING

5th Jul 2010 10:18

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] 0918 GMT [Dow Jones] UBS cuts PayPoint (PAY.LN) target to 275p from 340p. Expects the shares to fall further if Camelot is allowed to enter the payment processing market by the Lottery Commission. The brokerage's bearish scenario suggests that PayPoint could see 44% lower earnings if Camelot enters the market. Expects the company to go to the Competition Commission if Camelot receives the required permission. Cuts PayPoint '11 EPS forecast to 32.9p from 37.3p and '12 to 37.3p from 40.6p. Keeps at neutral. Shares +2.4% at 271p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 05, 2010 05:18 ET (09:18 GMT)