STOCKS NEWS EUROPE-S & U up on "solid" FY results

STOCKS NEWS Reuters Results diary

Stocks on the move [HOT-RTRS] Real-time Equity News [E] [WEU/EQUITY]

11:13GMT 31Mar2009-S & U up on "solid" FY results; broker "buy"

--------------------------------------------------------------- Shares in S & U (SUS.L) climb 11 percent as the home credit and motor finance provider reports full year pretax profit of 8.6 million pounds on revenues of 46.2 million pounds, which broker Charles Stanley calls "solid".

Repeating its "buy" recommendation, the broker says home credit is well established and cash generative.

Charles Stanley adds that the motor finance operation, Advantage Finance, enjoyed another record year and the group remains well-funded having recently extended 12 million pounds of banking facilities.

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Reuters Messaging rm://david.brett.reuters.com@reuters.net

11:06GMT 31March2009-UK small caps gain 0.7 percent by midday

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The FTSE Small Cap index .FTSC gains 0.7 percent in midday deals, faring worse than both the blue chips .FTSE and the midcaps .FTMC, which add 3 percent and 1.6 percent, respectively.

St Ives (SIV.L) falls 6 percent after the printer reports a 50 percent drop in half-yearly pretax profit, hit by volatile demand and pricing pressure, and slashes its dividend by 65 percent, prompting RBS to cut its forecasts.

Semiconductor designer Cyan (CYAN.L) rockets nearly 105 percent higher as investors cheer news of contract wins in China and Europe for the supply of microcontrollers and software to run automated metering.

Reuters Messaging rm://tricia.wright.reuters.com@reuters.net

11:03GMT 31March2009-Homeserve up; sees FY profit at top end

------------------------------------------------------------ Shares in Homeserve (HSV.L) jump 7.8 percent after the British home insurance group delivers a record performance for the year to end-March, saying its profit would come in at the top end of market forecasts and it expects similar for next year.