STOCKS NEWS UK-Photo-Me up on year EBITDA, debt outlook

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14:35GMT 02Jul2009-Photo-Me up on year EBITDA, debt outlook

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Shares in Photo-Me (PHTM.L) rise 11 percent after the photo booth maker reports a 17 percent rise in full-year underlying earnings before interest, tax, depreciation and amortisation (EBITDA), and says it hopes to be "very close to" cash positive next year.

"It's the EBITDA and the outlook on the debt," says analyst Roger Hardman at Hardman and Co.

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

13:26GMT 02Jul2009-Aegis weak; Cazenove downgrades

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Shares in Aegis Group (AEGS.L) fall 6.2 percent as Cazenove cuts its rating to "in-line" from "outperform" following recent significant sector outperformance by the marketing communications firm's stock.

The broker points out that Aegis shares were up 20 percent in June alone and are ahead 30 percent in the year-to-date.

Cazenove says given the deteriorating second-quarter trends being reported by Aegis' competitors it expects cyclical headwinds to provide a difficult near term backdrop for the shares.