STOCKS NEWS UK SMALL-James Fisher up; Panmure says "buy"

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10:10GMT 09June2009-James Fisher up; Panmure says "buy"

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Shares in James Fisher & Sons Plc. (FSJ.L) rise 6.2 percent, as Panmure Gordon initiates with a "buy" recommendation, saying growth prospects for the marine services group remain sound.

"The company's financial performance so far this year is significantly ahead of last year, primarily reflecting a strong and diversified marine services portfolio and a weaker pound," says analyst Gert Zonneveld.

"The shares should appreciate further as investors grow increasingly confident in the company's ability to grow profits in a challenging economic environment."

Reuters messaging rm://paul.sandle.reuters.com@reuters.net

09:50GMT 09Jun2009-Manganese Bronze up on placing

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Shares in Manganese Bronze (MNGS.L) jump 16.9 percent after the makers of London's black cabs announces a placing of new shares to raise 9.4 million pounds, with Collins Stewart saying, "the fundraising dissipates any uncertainty about the financial future".

Manganese says it will place 5.35 million new shares at 187 pence a share -- a discount of 9.2 percent to its closing price on Monday of 206 pence, valuing the company at 52 million pounds.

Collins Stewart estimates "the placing to be around 15 percent dilutive to EPS in the short term, as clearly the proceeds are being used to facilitate the longer term growth of the business".