BROKERWATCH Linde raised to 'buy' from 'neutral' at UBS, target upped to 120 eurBROKERWATCH Pearson upped to 'overweight' from 'equal-weight' at Morgan StanleyThomson Financial UK at a glance share guideTokyo shares close sharply lower on subprime concerns - UPDATE

BROKERWATCH Diageo upped to 'overweight' from 'equal-weight' at Lehman BrothersBROKERWATCH AstraZeneca upgraded to 'buy' from 'neutral' at Goldman SachsBROKERWATCH Tate & Lyle downgraded to 'neutral' vs 'buy' at UBS, target 515p

BROKERWATCH SABMiller cut to 'equal-weight' from 'overweight' at Lehman BrothersBROKERWATCH Telenor cut to 'underweight' in Lehman Brothers telecoms review

BROKERWATCH Wolters Kluwer upped to 'overweight' in sector review at JP Morgan

Experian (EXPN) say they see FY profit in line, but no improvement in Q4 trading conditions. Organic growth is below expectations and cantor are calling it lower. Rio Tinto (RIO) say their fourth quarter was strong. Soco (SIA) have been granted an extension in Vietnam.

AstraZeneca (AZN) has been upgraded to buy from neutral by Goldman Sachs. Vodafone (VOD) has been downgraded to equal-weight from overweight by Lehman Brothers, who have a negative sector note out today. Tate & Lyle (TATE) has been downgraded to neutral from buy by UBS with a 515 target after yesterday's 3% rise. Diageo (DGE) has been upgraded to overweight from equal-weight with at 1200 target by Lehman Brothers. British Airways (BAY) has been upgraded to buy from neutral with a lowered target of 330 from 350 by Goldman Sachs. Pearson (PSON) has been upgraded to overweight from equal-weight by Morgan Stanley with a 785 target. Millenium & Copthorne (CPG) has been downgraded to hold from buy by Citigroup.

Woolworths (WLW) are in-line, they say sales were up 11.2%, Christmas like-for-like 3.2%, and the retail division should return to profitability this year, but they are anticipating higher costs and lower margins. Cantor are calling it 0.5p higher. Mothercare (MTC) say they are at the upper end of expectations. Clarkson (CKN) say second half trading will be substantially ahead of expectations despite the weak dollar. Game Group (GMG) have had their takeover of Game Station cleared by the Competition Commission.

Among the small-caps, ClinPhone (CNP) say full year results will be materially ahead despite their disasters last year. Chinese software company Sinosoft (SFT) say revenue growth is less than anticipated but claim that changes in the Chinese tax system will not effect their business. There's a drilling update from Jubilee Platinum (JLP)confirming platinum findings. Rambler Metals & Mining (RMM) have found gold and copper.

The FTSE is currently being called down 36 at 5,989 by CMC. Dow futures are currently being called down 66 at 12,435 after yesterday's 277 point fall. Intel's results in the US were bad and they were down 14% after hours. The Nikkei closed down 3.3%, but the Hang Seng is currently down over 5.5% and falling.

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