STOCKS NEWS UK-Yule Catto up as construction markets improve

Tue Jun 23, 2009 5:43am EDT
 
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STOCKS NEWS Reuters Results diary

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]

09:41GMT 23Jun2009-Yule Catto up as construction markets improve

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Shares in Yule Catto (YULC.L) rise 8.3 percent as the chemicals firm says it expects full-year profit to beat market expectations after construction markets became more robust during the first half.

"We are moving our pretax to a little over 30 million pounds so there's a material upgrade to earnings this year," says RBS analyst Conor O'Prey.

"They're talking about volumes coming off the lows ... There's some caution but there's reason for optimism."

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

09:30GMT 23Jun2009-Supporta jumps after results

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Shares in Supporta (SOR.L), the domiciliary care outsourced services provider to the public sector, jump 16 percent after the firm posts full-year results, which prompt Brewin Dolphin to repeat its "buy" rating on the stock.  Continued...

 

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