STOCKS NEWS EUROPE-Bilfinger Berger up; WestLB confirms 'add'
STOCKS NEWS Reuters Results diary
Stocks on the move [HOT-RTRS] Real-time Equity News [E] [WEU/EQUITY]
09:40GMT 03Nov2008-Bilfinger Berger up; WestLB confirms 'add'
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Shares in German construction company Bilfinger Berger (GBFG.DE) advance 5.2 percent, outperforming a 3.3 percent gain in the midcap index .MDAXI, after WestLB reiterates its "add" rating on the stock.
"We believe that the market is currently not prepared to value the company's quite young concessions portfolio - most projects are under construction or in ramp-up phase - at possible exit multiples," WestLB analyst Ralf Doerper writes in a note.
He says that the company's third-quarter report, due Nov. 10, could function as a share price trigger.
Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net
09:09GMT 03Nov2008-FTSE Small Cap Index up 0.8 percent
------------------------------------------------------- The FTSE Small Cap Index .FTSC rises 0.8 percent, with UK markets awaiting a possible interest rate cut from the Bank of England.
The FTSE 100 Index .FTSE rises 0.6 percent.
Entertainment Rights ERT.L rebounds to gain 20 percent following Friday's sell-off after the company's first-half results.
CMA Global Sterling Fund (CMAEx.L) falls 7.8 percent after the fund manager says the estimated net asset value of the company's shares have fallen over 25 percent in the year to date.
Reuters Messaging rm://david.brett.reuters.com@reuters.net
09:00GMT 03Nov2008-Barclays sags on cost of capital concern
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