UK MARKET TALK ROUNDUP: SHARES LOSING

11th Jun 2010 09:57

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] 0857 GMT [Dow Jones] Goldman Sachs raises United Utilities (UU.LN) price target to 557p from 549p, following the company's FY results. The results are marginally ahead of Goldman's expectations. However, still thinks the stock is unattractive relative to the wider utility sector and therefore, the brokerage retains a sell rating. Says United Utilities has the most index-linked debt of the listed water companies, which limits the stock's positive gearing to high inflation. Shares -1.2% at 561p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 11, 2010 04:57 ET (08:57 GMT)