STOCKS NEWS EUROPE-Uncertainty about Spain's solar rules weighs

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10:43GMT 02July2008-Uncertainty about Spain's future solar regulation weighs

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Shares in European solar companies fall on media reports that Spain could cut feed-in tariffs and lower a cap on annual installations more than expected when it renews its solar regulations, which run out in September, traders say.

The new regulations are still being negotiated with producer groups, a spokesman for the Spanish industry ministry says.

"It's still up in the air," he says.

German solar module maker Solon (SOOG.DE), which generates a large part of its revenues in Spain, falls 8 percent, ReneSola (SOLA.L), a Chinese maker of solar wafers, drops 11.1 percent.

Q-Cells (QCEG.DE) falls some 3.4 percent after it placed about 720,000 shares from an employee programme in the market.

Traders refer to market speculation of share placement in SolarWorld (SWVG.DE) as a reason for the 3.4 percent fall in the stock. SolarWorld is not immediately available for comment.

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10:30GMT 02July2008-Barclays gains on positive Cazenove note

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Shares in Britain's third-biggest bank Barclays (BARC.L) rise 4 percent, mainly on a positive note from Cazenove and a general rebound in the financial sector, traders say.

"In our view, Barclays has raised sufficient capital to support balance sheet expansion, whilst maintaining a stable equity tier 1 ratio through a UK economic downturn," Cazenove says.