STOCKS NEWS UK-Centaur Media down on tough outlook

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08:55GMT 09Jul2009-Centaur Media down on tough outlook

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Shares in Centaur Media (CAU.L) fall 5.9 percent after the British business publisher says the outlook for its markets would likely remain challenging for the foreseeable future but that its trading performance for the year was in line with its expectations.

"The management is not expecting any material change in trading conditions in in the first quarter of the new year and say the outlook for the served markets remain uncertain," says KBC analyst Malcolm Morgan.

"We are not minded to change 2009 or 2010 numbers, and do not expect consensus forecasts to move materially, though the weakness of current trading will place a strain on expectations in the second half of its new fiscal year.

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

08:50GMT 09Jul2009-Admiral up; broker ups to 'buy'

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Shares in Admiral (ADML.L) gain 3.8 percent as Banc of America Merrill Lynch upgrades the British motor insurer to "buy" from "neutral", on valuation grounds, and repeats its 1,050 pence target price.