STOCKS NEWS EUROPE-Uncertainty about Spain's solar rules weighs

STOCKS NEWS Reuters Results diary

Stocks on the move [HOT-RTRS] Real-time Equity News [E] [WEU/EQUITY]

10:43GMT 02July2008-Uncertainty about Spain's future solar regulation weighs

----------------------------------------------------------------------------

Shares in European solar companies fall on media reports that Spain could cut feed-in tariffs and lower a cap on annual installations more than expected when it renews its solar regulations, which run out in September, traders say.

The new regulations are still being negotiated with producer groups, a spokesman for the Spanish industry ministry says.

"It's still up in the air," he says.

German solar module maker Solon (SOOG.DE), which generates a large part of its revenues in Spain, falls 8 percent, ReneSola SOLA.L, a Chinese maker of solar wafers, drops 11.1 percent.

Q-Cells (QCEG.DE) falls some 3.4 percent after it placed about 720,000 shares from an employee programme in the market.

Traders refer to market speculation of share placement in SolarWorld (SWVG.DE) as a reason for the 3.4 percent fall in the stock. SolarWorld is not immediately available for comment.

Reuters Messaging rm://eva.kuehnen.reuters.com@reuters.net

rm://ben.harding.reuters.com@reuters.net

10:30GMT 02July2008-Barclays gains on positive Cazenove note

------------------------------------------------------------

Shares in Britain's third-biggest bank Barclays (BARC.L) rise 4 percent, mainly on a positive note from Cazenove and a general rebound in the financial sector, traders say.

"In our view, Barclays has raised sufficient capital to support balance sheet expansion, whilst maintaining a stable equity tier 1 ratio through a UK economic downturn," Cazenove says.

"The commitment to a cash dividend is welcome, but the payout ratio will rise to 69 percent next year, which appears at odds with a growth agenda. Therefore, in our view Barclays has little room for error in executing its strategy, as we doubt the market will welcome declining capital ratios without confidence in the timing of cyclical recovery," it adds.

Reuters Messaging: rm://atul.prakash.reuters.com@reuters.net

10:29GMT 02July2008-Natixis outperforms on technical rebound

------------------------------------------------------------

Natixis (CNAT.PA) outperforms a rebound in the broader European banking sector, surging by nearly 10 percent in a move which traders and fund managers attribute to a technical bounce after a recent slump in the French bank's share price.

The stock is up 8.5 percent at 7.42 euros in early afternoon trade, after rising by as much as 9.1 percent to an intraday high of 7.46 euros. It outperforms a 2.5 percent gain in the DJ Stoxx European banking sector .SX7P on the day but remains down 44 percent year-to-date, underperforming a 33 percent fall in the European banking sector.

"The volumes of trades in the stock aren't huge. It's a technical rebound. For the last three days, the stock had fallen 5 percent in a row," says Francois Garnier, fund manager at HMG Finance. HMG Finance owns around 30,000 Natixis shares.

"It's been one of the worst hit banking shares. The stock is now at an interesting level but I still think that Natixis' 2008 results won't be good."

Reuters Messaging rm://sudip.kargupta.reuters.com@reuters.net

10:21GMT 2July2008-Mariella Burani up on offer news

----------------------------------------------------

Italy's Mariella Burani Fashion Group MBFG.MI is one of the top gainers in Milan with shares rising more than 10 percent to 16.76 euros on news that the Burani family will launch an offer for the company.

The offer will be at 18 euros per share, a source close to the deal said late on Tuesday. The company would be delisted.

"It is slowly getting closer to the 18 euro price at which the controlling shareholder wants to launch an offer," one trader says.

Milan's S&P/Mib is up 1.76 percent.

Reuters Messaging rm://claudia.cristoferi.reuters.com@reuters.net