STOCKS NEWS UK SMALL-Plethora rises on trial result

Fri Nov 7, 2008 4:17am EST
 
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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]

09:15GMT 07Nov2008-Plethora rises on trial result

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Shares in urology specialist Plethora Solutions (PLE.L) rise 55 percent to 24 pence following a positive Phase III result for its premature ejaculation drug.

"The timing wasn't expected although I would say that a positive result was expected," says Edison analyst Jacob Plieth. "There was a huge sell off last week so the stock plummeted so it's kind of come back to where it was."

For more double click on [ID:nnWLB3045], for statement [ID:nnRnsG6712H].

Reuters Messaging rm://ben.deighton.reuters.com@reuters.net

08:49GMT 07Nov2008-Rentokil up after solid Q3 results

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Shares in Rentokil Initial (RTO.L) rise 4 percent to 48.75 pence after the services group reports slightly better than expected third quarter results and says its turnaround plans are on-track and should take three or four years to complete.

The company, founded in the 1920s, is still suffering from the poor integration of acquisitions and misguided cost-cutting plans by previous management.  Continued...

 

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