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The Traders Thread - Monday 17th December (TRAD)     

Greystone - 16 Dec 2007 12:36

Kyoto - 17 Dec 2007 07:57 - 21 of 48

Seems like a quiet news morning as Christmas approaches, or maybe everyone's searching for a bunker to hide in. Glaxo (GSK) has had its Cervarix cancer vaccine delayed by the FDA. 888 has said it's trading in line.

Among the small caps ex-QXL Tradus (TRAD) seems likely to attract some attention after weekend takeover stories in the press, and Western Canadian Coal (WTN) is also supposed to be up for sale at a large premium to its current price. Disappointing results from Photo-Me International (PHTM).

Standard Life (SL.) has been initiated at neutral by HSBC with a 300 target, Hammerson (HMSO) has been upgraded to buy from neutral by UBS, and Liberty International (LII) has been initated at hold with a 1100 target by Citigroup. Rexam (REX) has been downgraded to hold from buy by Citigroup with a 440 target.

FTSE is currently being called at 6313 by CMC - a fall of 84. Dow futures are down 41 at 13,297 after the 178 point fall on Friday. There have been large falls in some Asian markets - notably Australia - where the ASX200 closed down 3.5%.

Kyoto - 17 Dec 2007 09:14 - 30 of 48

STOCKWATCH GlaxoSmithkline falls on Cervarix delay
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