STOCKS NEWS UK SMALL-Raymarine off high as sector retreats

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11:02GMT 11May2009-Raymarine off high as sector retreats

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Shares in leisure yacht electronics supplier Raymarine (RAY.L) fall back 8.5 percent from last Friday's six-month high, but remain more than 90 percent higher than a month ago.

"If you look at the tech, hardware, electronics sector the foot's come off the accelerator today," says Ian Robertson, an analyst at Seymour Pierce.

Robertson adds that the retreat is magnified for Raymarine by the fact it is orientated towards big-ticket spending, is very high margin and the management took on a considerable amount of debt.

Reuters messaging rm://ben.deighton.thomsonreuters.com@reuters.net

10:28GMT 11May2009-Debenhams down; caution on rights issue

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Shares in Debenhams (DEB.L), Britain's second-biggest department store group, fall 2.6 percent after Altium Securities casts doubt over recent rights-issue speculation that would help cut its debt pile.

"If we are truly in the foothills of an economic recovery, Debenhams probably does not need to raise new money. On our current forecasts it generates around 15 million pounds less cash than it needs to make its 2010 term loan payment," the broker says.

However, the broker adds, it still feels "it is too early to be confident of a near-term recovery."