STOCKS NEWS UK SMALL-Cookson up 8 pct on Goldman upgrade

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11:20GMT 22May2009-Cookson rises 8 pct on Goldman upgrade

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Shares in Cookson Group (CKSN.L) rise 8 percent to 239.75 pence as Goldman Sachs lifts its price target to 500 pence from 220 pence and reiterates its conviction 'buy' recommendation on the industrial materials firm.

Goldman says, at the current share price, the stock has moved to discount the possibility of a rights issue and ignores other more likely options which remain available to management in the event that markets deteriorate further.

"With recent data points showing a stabilization in steel and an improvement in electronics markets, 85 percent of Cookson's revenue combined, we believe the company is unlikely to breach its debt covenants at the end of the full year," Goldman says in a note to clients.

Reuters messaging rm://phakamisa.ndzamela.reuters.com@reuters.net

10:35GMT 22May2009-Findel down; to delay results

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Shares in Findel (FDL.L) plunge 35.4 percent on news that the British home shopping and education supplies firm is to delay the announcement of its full-year results and is considering an equity issue, after saying that tough market conditions continue to impact trading.

The company says that its underlying financial performance for the full-year to April 3 was at the lower end of expectations and as a result of issues arising from the wider economy, it is examining the possibility of an equity issue alongside changes to its proposed revised debt facilities.