FTSE 100 risers
British Airways 218-1/2 up 4
Crude price retreats
J Sainsbury 263-3/4 up 4-3/4
Numis 'buy'; bid speculation intensifies
Smith & Nephew 465 up 6-1/2
Brokers positive ahead of Q3 results Nov 4
Whitbread 817 up 6-1/2
Goldman Sachs 'outperform'; interims yesterday
mm02 105-3/4 up 3/4
ABN Amro reiterates 'buy' & raises target to 135 pence from 115
Shire Pharmaceuticals 526-1/2 up 1-3/4
Q3 results due Nov 4; Deutsche Bank/Williams de Broe 'buy'
BA 576 up 2-1/2
Interims due Tuesday
AstraZeneca 2,225 up 4
'Neutral' from 'underperform' with 2,400 pence target - WestLB
Vodafone 139-1/4 up 1/4
ABN Amro 'add' with target upped to 144 from 140; Investec 'buy'


FTSE 100 fallers
Shell 428-1/2 down 7
JP Morgan/Lehman 'underweight'
Cairn Energy 1,450 down 22
Profit-taking
ICI 209 down 2-1/2
Underweight' - Lehman; CSFB reiterates 'underperform'
BG Group 350-1/4 down 2-1/2
Crude price falls
BHP Billiton 554-1/2 down 3-1/2
'Hold' from 'buy' - Dresdner Kleinwort
Marks & Spencer 357-1/2 down 1/2
Interims Nov 9
Boots 662 down 1
CSFB 'underperform'
Rio Tinto 1,420 down 3
'Hold' from 'buy' - Dresdner Kleinwort
Severn Trent 923 down 3
'Reduce' from 'hold' - Dresdner Kleinwort


FTSE 250 risers
Morgan Crucible 156 up 4
Citigroup positive
Lonmin 1,020 up 10
Rally
Matalan 228-1/2 up 2
Interims due Tuesday
N Brown Group 129-1/4 up 1
Speculative support revives
Close Bros 663-1/2 up 9-1/2
Speculative support
Northumbrian Water 149-1/4 up 1/2
Dresdner Kleinwort 'add'


FTSE 250 fallers
Invensys 15 down 1/4
Q2 results due Nov 11
Warner Chilcott 853-1/2 down 13-1/2
Awaiting bid developments
AWG 727 down 3
Dresdner Kleinwort downgrades to 'hold'
Pennon Group 919 down 7
'Reduce' from 'hold' - Dresdner Kleinwort
Randgold Resources 597-1/2 down 1/2
Seymour Pierce 'sell'
Millennium & Copthorne Hotels 339 down 1
Merrill Lynch 'sell'


Other risers
Ideal Shopping Direct 146-1/2 up 24
FY profits of 3 mln stg-plus forecast by company
CybIT 1.62 up 0.12
mapAmobile acquisition
Wincanton 247 up 15
GlaxoSmithKline contract
Zari Resources 2.62 up 0.12
Talk of large oil discovery
Computerland UK 196-1/2 up 8
In-line trading update
Chloride 49 up 2
Interims yesterday
Clerkenwell Ventures 8.75
New issue placed at 7 pence
Isis Medical Technology 2.75
New issue placed at 1
Hamworthy 165 up 1
Investors Chronicle 'buy'
Albermarle & Bond 113-1/2 up 2
Investors Chronicle 'buy'
fountains 149-1/2 up 1
Investors Chronicle 'buy'
Halladale 92-1/2 up 1
Investors Chronicle 'buy'
Galliford Try 49 up 1/2
Upbeat AGM statement; Arbuthnot 'buy'


Other fallers
Catalyst Media 5-1/2 down 2-1/2
Company sees FY loss after tax of 2 mln stg as cost overruns hit H2
Independent Media Distribution 60-1/2 down 10-1/2
Current trading behind market expectations - company
Collins & Hayes Group 15 down 1
Halved interim profits
InTechnology 82-1/2 down 5
Interims
China Wonder 105 down 5
Profit-taking
Innovation Group 33-1/4 down 1
Results due Nov 22
Restaurant Group 106-1/2 down 1/2
'Hold' from 'add' - Altium Securities
fjb/ra

DRESDNER KLEINWORT
UK Miners; downgrades to Hold from Buy BHP Billiton, downgrades to Hold from Buy Rio Tinto -- Downgrades to Reduce from Hold Daimler Chrysler -- Downgrades to Hold AWG -- UK Water; Downgrades to Reduce from Hold Severn Trent and Pennon

NUMIS
Upgrades to Buy from Hold Sainsbury

WESTLB
Reiterates Neutral DCX, cuts target to 35 eur from 38 -- Buy VW, 40 eur target, cuts estimates -- Outperform Munich Re, cuts target to 95 eur from 103 -- Downgrades to Underperform from Outperform Glaxosmithkline, cuts target to 1100 pence from 1300 -- Upgrades to Neutral from Underperform AstraZeneca, 2400 pence target

JP MORGAN
Downgrades to Neutral from Overweight DaimlerChrysler -- Neutral ABB, cuts target to 7 sfr from 8, lowers estimates -- Neutral Alcatel, raises target to 12 eur

DEUTSCHE BANK
Reiterates Sell ABB, cuts target to 5 sfr from 6.5 -- Removes Renault from European Focus List -- Downgrades to Sell from Hold Julius Baer -- Hold TeliaSonera, raises estimates, ups target to 37 skr from 36 -- Hold Ubisoft, raises target to 20.75 eur from 16.5 -- Hold Xstrata, 910 pence target -- Sell ABB, cuts target to 5 sfr from 6.50

MORGAN STANLEY
Reiterates Underweight Fiat, cuts estimates -- European Airlines; Initiates coverage on Lufthansa as Overweight, Air France-KLM, Iberia, BA, Alitalia as Equalweight and SAS as Underweight -- Equalweight Alcatel, 9 eur target, cuts estimates -- Equalweight Royal Dutch, 45.5 eur target -- Overweight BBVA, raises target to 13 eur from 12 -- Overweight OTE, raises target, raises target to 13.9 eur from 12.5

PANMURE GORDON
Reiterates Sell Scottish & Newcastle, cuts target to 365 pence from 380

UBS
Upgrades to Neutral from Reduce Fiat, 5.5 eur target -- Downgrades to Neutral from Buy Vedior, cuts target to 13 from 14.2 eur -- Neutral Julius Baer, cuts target to 355 sfr from 380 -- Neutral JC Decaux, raises target to 20 eur from 19 -- Reduce Lonza, raises target to 52 sfr from 49 -- Downgrades to Neutral from Buy, 765 pence target -- Neutral Mucklow, cuts target to 345 pence from 355 -- Neutral Wincor Nixdorf, raises target to 57 eur from 50 -- Neutral KBC, raises target to 54.75 eur from 50.5 -- Reiterates Reduce VW, 25 eur target

SG SECURITIES
Downgrades to Hold from Buy Rhodia --

ABN AMRO
European telecoms; Reiterates Buy mmO2, raises target to 135 pence from 115 -- Add Vodafone, raises target to 155 from 140 -- Add TIM -- Downgrades to Reduce from Hold m6, cuts target to 19 eur from 22 -- Reduce TF1, cuts target to 21 from 21.5 eur

LEHMAN BROTHERS
Reiterates Overweight ABB, cuts estimates -- Equalweight Daimler Chrysler, cuts target to 30 eur from 38, lowers estimates

MERRILL LYNCH
Reiterates Buy Altana, lowers target to 50 eur -- Sell Millennium & Copthorne -- Sell Daimler Chrysler -- Sell Qiagen, cuts estimates

CITIGROUP SMITH BARNEY
Downgrades to Sell from Hold ABB

CSFB
Downgrades to Underperform from Neutral Epcos