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News Headlines:    Upgrades and downgrades for UK stocks on Friday, Credit Suisse First Boston has set a new share price target for broadcaster BSkyB  of 820 pence, along with an investment rating of "outperform". Morgan Stanley has raised its rating on water utility Severn Trent  to "overweight" from "equal-weight" share-price target for the stock to 800 pence from 750p. The bank also cut its price target on water and power firm United Utilities  to 600 pence from 670p, keeping an "equal-weight" rating. Broker Evolution Beeson Gregory has raised its rating on Carphone Warehouse Group to "buy" from "outperform", on the back of recent weakness in the phone seller's share price and maintained a price target of 115 pence per share on the firm. Deutsche Bank has cut its share price target for property firm Canary Wharf Group to 210 pence from 235p, while maintaining its "sell" investment rating on the stock. "Since the announcement on June 6 that the company has received multiple approaches regarding a possible bid, there has been no follow-up news on any potential deal," analyst Jeremy Anagnos wrote in a research note. UBS has raised its share price target on retailer Matalan to 200 pence from 179p and rates the stock as "neutral".

BAA says it handled 13.2 million passengers at its seven British airports in July, up 2.2 percent on the same month last year. They said it would have had its busiest month ever without a wildcat strike by British Airways check-in staff at Heathrow in July.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Mon 11th August Reporting Company Updates Financial Data	BAA July Traffic Figures Morgan Sindall (I) PBT 1.5m exp. Management Consulting (I), Workspace Group (Q1) 00.01 July BRC Retail Sales Monitor Europe: SAS AB (Q2) 09.30 July PPI Input m/m 0.7% exp. 09.30 July PPI Output m/m 0.1% exp. 09.30 June Non-EU Trade Balance -1.85bn exp.
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