STOCKS NEWS UK-Renold soars on Financial Times tip

Mon Jul 13, 2009 5:29am EDT
 
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Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC] UK smallcaps news [GB/SMALL]

09:15GMT 13July2009-Renold soars on Financial Times tip

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Shares in Renold (RNO.L) rise 24 percent after the chainmaker is tipped as a company to watch by stock market historian David Schwartz in the Financial Times newspaper on Saturday.

"Renold is ranked number two worldwide in its category and is doing well, given the ongoing recession ... To my eye, Renold is making the right decisions and does not have the feel of a troubled company," Schwartz writes in the FT.

A trader at KBC Peel Hunt says: "Renold was strongly tipped in the FT on the weekend and that has boosted their shares."

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

09:00GMT 13July2009-Healthcare Locums gains on strong trading

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Shares in Healthcare Locums (HLO.L) gain 4.5 percent after the British health and social care staffing agency says first-half trading was strong on a growth in demand for qualified health and social care professionals.

The company's quoted run rate gross profit (net fee income) of 63 million pounds is consistent with analyst Brewin Dolphin's full year target of 62 million pounds and year end exit rate of 68 million pounds, Brewin analyst Michael Vassallo says in a note.  Continued...

 

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