STOCKS NEWS UK SMALL-VT Group up as FY beats forecasts
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11:15GMT 13May2009-VT Group up on results, order visibility
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Shares in VT Group (VTG.L) rise 7 percent after the British defence and support services company beats forecasts with a 41 percent rise in underlying full-year profit and says forward orders are strong.
The company is confident it will continue to win orders from the defence departments of both Britain and the United States despite current budget constraints and expects to see outsourcing expand.
"The order book is up 12 percent to 4.5 billion pounds and the company essentially already knows its revenue line for 2010 and 2011 and this underpins the visibility and flexibility," says Evolution analyst Harry Philips, who retains a "buy" recommendation on the stock.
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Reuters messaging rm://rhysl.jones.reuters.com@reuters.net
10:37GMT Care UK up ahead of results
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Shares in Care UK (CUK.L), an independent provider of social care and health services, gain 1.7 percent, with Brewin Dolphin repeating its "buy" recommendation ahead of the company's interim results, scheduled for release on May 20.
"Overall, we think the interims will provide investors with some comfort over the health of the business and the speed and direction of travel," Brewin Dolphin says in a note. Continued...


