UK MARKET TALK ROUNDUP: SHARES GAINING

14th Jul 2010 08:17

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0717 GMT [Dow Jones] Oriel Financials upgrades Ashmore Group's (ASHM.LN) EPS estimates for fiscal year ending 2010 to 19p from 17.2p after company reported 7% increase in assets under management to $35.3 billion and an increase in performance fees to GBP82.9 million, which was above its own estimate of GBP55 million for the fiscal year. Has a buy recommendation and 320p target. Shares +1.4% at 267p. ([email protected]) 0706 GMT [Dow Jones] Investec initiates coverage of Spirax-Sarco Engineering (SPX.LN) at buy with 1660p price target. Says the business model is robust with a broad spread of end markets, wide geographical exposure and significant product revenue streams. Says: "We believe the group can continue to grow at, or in excess of, previous rates underpinned by the structural growth drivers in the group's end markets, the opportunities for market share gains and the potential of the Watson-Marlow business." Considers it to be a core UK industrials holding. Shares +0.6% at 1576p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 14, 2010 03:17 ET (07:17 GMT)