UK MARKET TALK ROUNDUP: SHARES LOSING

6th Jul 2010 11:09

Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1009 GMT [Dow Jones] N Brown's (BWNG.LN) update shows a deceleration in its turnover growth from the 4.1% total growth at the 8-week stage, to +1.1% after 18 weeks, notes Investec Securities. Adds the underlying LFL has likewise seen a decline from +3.1% to +0.1% over this timeframe. Despite increased short-term caution, Investec remains positive on the stock, saying it offers solid organic growth from a well-managed cost business. Adds that international expansion could potentially deliver significant profit over the long term. Keeps the stock at buy and puts its 325p price target under review. Shares -5.1% at 242p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 06, 2010 06:09 ET (10:09 GMT)