STOCKS NEWS UK SMALL-Renovo up after trial analysis

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09:04GMT 09Jun2009-Renovo up after trial analysis

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Shares in scar reduction specialist Renovo (RNVO.L) rise 8 percent after the company announces positive results from a 12 month follow-up analysis of Phase II clinical trials of its Juvista product in varicose vein surgery.

The company, which said in April it was in early talks for a possible offer [ID:nBNG438298], is waiting for the results of a large-scale Phase III trial on Juvista.

"The results are positive, but the Phase III results in 2011 are the key value driver," says analyst Paul Cuddon at KBC in a note to clients.

To see Renovo's statement please click on [ID:nRnsI5603T]

Reuters messaging rm://ben.deighton.thomsonreuters.com@reuters.net

08:47GMT 09Jun2009-IG Group up; sees FY profit up

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Shares in IG Group (IGG.L) gain 9.2 percent after Britain's biggest spread-betting firm says it expects a 29 percent rise in full-year profits on the back of higher fourth-quarter revenues, leading Panmure Gordon to repeat its "buy" rating.

"Core markets have returned to growth, bad debts have remained under control and performance in new markets remains strong, though Japan remains a concern," says the broker, which estimates EPS of 23.79 pence for 2009.