STOCKS NEWS UK SMALL-Senior up on hopes for Boeing strike deal

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12:00GMT 31Oct2008-Seniorjumps on hopes for Boeing strike deal

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Shares in aerospace engineer Senior (SNR.L) rise as much as 38 percent amid mounting hopes a strike at Boeing (BA.N), one of its most important customers, will be resolved this weekend.

The dispute is costing Senior about 1.5 million pounds ($2.4 million) a month, says analyst James Tetley at Brewin Dolphin. The company's ability to weather it without earnings downgrade so far points to its strength, Tetley says, but it can only continue doing so until early November.

"We expect Boeing to resume production with all guns blazing," he says. "It bodes well (for Senior) for next year."

For more on the Boeing strike, click on [ID:nN28382487]

Reuters messaging rm://paul.sandle.reuters.com@reuters.net

11:11GMT 31Oct2008-Petmin up as Numis repeats "Buy"

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