UK MARKET TALK ROUNDUP: SHARES GAINING

19th Jul 2010 10:12

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] 0912 GMT [Dow Jones] Investec Securities lifts Burberry (BRBY.LN) to buy from hold and raises its target price to 950p from 750p following the group's acquisition of its retail operations in China. "This acknowledges the growth potential of the business, which we believe should be materially enhanced," the broker says. The broker upgrades its pretax profit forecast for the group to GBP307M from GBP290M. Also notes the potential of the group's licensed cosmetics business, which has just launched. Shares +0.9% at 807p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 19, 2010 05:12 ET (09:12 GMT)