STOCKS NEWS UK-McBride rises, Goldman upgrades to 'neutral'

STOCKS NEWS Reuters Results diary

Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC] UK smallcaps news [GB/SMALL]

07:50GMT 03Jul2009-McBride rises, Goldman upgrades

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Shares in McBride (MCB.L) rise 5.3 percent after Europe's biggest maker of retailer own-brand household products is upgraded to "neutral" from "sell" by Goldman Sachs and removed from its pan-European sell list following last week's upbeat pre-close trading statement. [ID:nLO714045]

"We believe McBride has traded well through the current downturn, benefiting from the consumer trading down to private label household and personal care products. At the same time, the company has demonstrated its ability to pass on what was significant cost inflation through pricing and through reducing operating costs," says Goldman analyst William Hutchings.

For more, click on [ID:nLO598629] and [ID:nLO714045]

Reuters messaging rm://rhysl.jones.reuters.com@reuters.net

07:46GMT 03Jul2009-Chemring gains; RBS upgrades to "buy"

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Shares in military goods maker Chemring Group (CHG.L) gain 2.8 percent supported by an upgrade in rating by RBS to "buy" from "add", mainly on valuation grounds with its target price unchanged at 2,469 pence.

RBS says, in a note, Chemring's positive momentum continues and a return to the acquisition strategy in its Energetics business could augment the organic growth opportunities open to the group.