UBS Research: United Kingdom Regional Highlights http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschreghighunitedkingdom UBS Research: United Kingdom Regional Highlights en Copyright (C) UBS 2008. All rights reserved. eMarketing@ubs.com eMarketing@ubs.com Mon, 6 Oct 2008 Mon, 6 Oct 2008 60 http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschrss http://research.ibb.ubs.com:80/images/logo.gif UBS http://www.ubs.com 160 44 <![CDATA[ARM Holdings "Cycle impact offset by currency" (Neutral) Gaudois]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50761|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Semiconductors

  • British Semiconductors

  • Global Semiconductors

  • European Technology

  • British Technology

  • Global Technology


Companies
  • ARM.L ARM Holdings


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Nicolas Gaudois ARM.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50761|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[UK Small-Midcaps Daily 06-Oct-2008]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50815|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Building Materials

  • European Industrial, Diversified

  • European Real Estate

  • European Semiconductors

  • British Industrial, Diversified

  • Global Building Materials

  • Global Industrial, Diversified

  • Global Real Estate

  • Global Semiconductors

  • European Industrial Services

  • Global Industrial Services

  • European Basic Materials

  • European Consumer, Cyclical

  • European Financial

  • European Industrial

  • European Mining & Metals

  • European General Industrial Services

  • European Technology

  • British Industrial

  • Global Basic Materials

  • Global Consumer, Cyclical

  • Global Financial

  • Global Industrial

  • Global Mining & Metals

  • Global General Industrial Services

  • Global Technology

  • European Basic Resources

  • European Construction

  • European Financial Services

  • European Industrial Goods & Services

  • European Media

  • British Industrial Goods & Services

  • Global Basic Resources

  • Global Construction

  • Global Financial Services

  • Global Industrial Goods & Services

  • Global Media


Subjects
  • Industry Overview

  • Morning Note

]]> Sakshi Jain http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50815|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[European Small-Midcaps Daily 06-Oct-2008]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50814|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Aerospace

  • European Building Materials

  • European Industrial, Diversified

  • European Advanced Industrial Equipment

  • European Real Estate

  • European Semiconductors

  • European Steel

  • British Industrial, Diversified

  • Global Aerospace

  • Global Building Materials

  • Global Industrial, Diversified

  • Global Advanced Industrial Equipment

  • Global Real Estate

  • Global Semiconductors

  • Global Steel

  • European Industrial Services

  • Global Industrial Services

  • European Basic Materials

  • European Consumer, Cyclical

  • European Financial

  • European Industrial

  • European Mining & Metals

  • European General Industrial Services

  • European Technology

  • British Industrial

  • Global Basic Materials

  • Global Consumer, Cyclical

  • Global Financial

  • Global Industrial

  • Global Mining & Metals

  • Global General Industrial Services

  • Global Technology

  • European Basic Resources

  • European Construction

  • European Financial Services

  • European Industrial Goods & Services

  • European Media

  • British Industrial Goods & Services

  • Global Basic Resources

  • Global Construction

  • Global Financial Services

  • Global Industrial Goods & Services

  • Global Media


Subjects
  • Industry Overview

  • Morning Note

]]> Sakshi Jain http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50814|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[First Read: Pearson "California seeks emergency funding" (Buy) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50809|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Publishing

  • European Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • PSON.L Pearson


Subjects
  • Market Strategy / Comment

  • Morning Note

]]> Polo Tang PSON.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50809|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[Morning Expresso - UK "Monday 6 October 2008" 06-Oct-2008 Themistocleous]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50805|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • UBS Key Calls - Europe


Companies
  • BAY.L British Airways

  • BALF.L Balfour Beatty

  • BLND.L British Land

  • BP.L BP

  • UHR.VX Swatch Group

  • CRH.I CRH

  • NOK1V.HE Nokia

  • TOTF.PA TOTAL

  • SOGN.PA Soc Gen

  • LAFP.PA Lafarge

  • SGEF.PA Vinci

  • LAD.L Ladbrokes

  • LMI.L Lonmin

  • MKLW.L Mucklow

  • RDSa.L Royal Dutch Shell

  • NXT.L Next

  • PSON.L Pearson

  • RSW.L Renishaw

  • SSABa.ST SSAB

  • SGE.L Sage

  • SHI.L SIG

  • TPK.L Travis Perkins

  • WOS.L Wolseley

  • WTB.L Whitbread

  • ICL.TA Israel Chemicals

  • XTA.L Xstrata Plc

  • MASN.S Micronas

  • ASML.AS ASML

  • UBM.L UBM

  • IMPJ.J Implats

  • STM.PA STMicroelectronics

  • BG.L BG Group

  • ARM.L ARM Holdings

  • TKAG.F ThyssenKrupp

  • AAL.L Anglo American

  • CLLN.L Carillion

  • IFXGn.F Infineon

  • AUTN.L Autonomy

  • ANTO.L Antofagasta

  • AQP.L Aquarius Platinum

  • VED.L Vedanta Resources

  • AMS.S AMS

  • CSR.L CSR

  • URKA.RTS Uralkali

  • ISPA.AS ArcelorMittal

  • KAZ.L Kazakhmys

  • PAYP.L PayPoint

  • EXPN.L Experian Group

  • HOCM.L Hochschild Mining

  • XCH.L Xchanging

  • KSP.I Kingspan

  • FRES.L Fresnillo

  • 005930.KS Samsung Electronics

  • VALE5.SA Vale (PN)

  • GG.N Goldcorp

  • POT.N Potash Corporation

  • TCKb.TO Teck Cominco

  • AAPL.O Apple

  • IP.N International Paper

  • MOT.N Motorola

  • NUE.N Nucor Corp.

  • WY.N Weyerhaeuser

  • X.N United States Steel

  • AMAT.O Applied Materials

  • ABX.N Barrick Gold Corp

  • GGBR4.SA Gerdau

  • NVLS.O Novellus Systems Inc

  • LRCX.O LAM Research Corp.

  • KLAC.O KLA-Tencor Corp.

  • VSEA.O Varian Semiconductor

  • RIMM.O Research in Motion

  • CNX.N CONSOL Energy

  • TX.N Ternium

  • QI.N Qimonda

  • CMC.N Commercial Metals

  • 8035.T Tokyo Electron

  • BUMI.JK Bumi Resources

  • STRL.SI Straits Asia Res


Subjects
  • Market Strategy / Comment

  • Morning Note

]]> Themis Themistocleous BAY.L BALF.L BLND.L BP.L UHR.VX CRH.I NOK1V.HE TOTF.PA SOGN.PA LAFP.PA SGEF.PA LAD.L LMI.L MKLW.L RDSa.L NXT.L PSON.L RSW.L SSABa.ST SGE.L SHI.L TPK.L WOS.L WTB.L ICL.TA XTA.L MASN.S ASML.AS UBM.L IMPJ.J STM.PA BG.L ARM.L TKAG.F AAL.L CLLN.L IFXGn.F AUTN.L ANTO.L AQP.L VED.L AMS.S CSR.L URKA.RTS ISPA.AS KAZ.L PAYP.L EXPN.L HOCM.L XCH.L KSP.I FRES.L 005930.KS VALE5.SA GG.N POT.N TCKb.TO AAPL.O IP.N MOT.N NUE.N WY.N X.N AMAT.O ABX.N GGBR4.SA NVLS.O LRCX.O KLAC.O VSEA.O RIMM.O CNX.N TX.N QI.N CMC.N 8035.T BUMI.JK STRL.SI http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50805|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[First Read: Taylor Nelson "WPP wins TNS majority" (Neutral) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50802|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Advertising

  • British Advertising

  • Global Advertising

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • TNS.L Taylor Nelson

  • WPP.L WPP


Subjects
  • Change in Recommendation

  • Company Update

  • Morning Note

]]> Alastair Reid TNS.L WPP.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50802|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[First Read: ITV "Parent's blessing" (Sell) Kerven]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50801|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Broadcasting

  • European Broadcasting

  • Global Broadcasting

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • ITV.L ITV


Subjects
  • Company Update

  • Morning Note

]]> Daniel Kerven ITV.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50801|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[First Read: UBM "TechWeb feedback" (Buy) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50798|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Publishing

  • European Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • UBM.L UBM


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang UBM.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50798|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[Renishaw "Calibrating estimates for slower growth" (Sell) Swanton]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50734|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Electric Components & Equipment

  • European Industrial, Diversified

  • British Electric Components & Equipment

  • British Industrial, Diversified

  • Global Electric Components & Equipment

  • Global Industrial, Diversified

  • European Industrial

  • British Industrial

  • Global Industrial

  • European Industrial Goods & Services

  • British Industrial Goods & Services

  • Global Industrial Goods & Services


Companies
  • RSW.L Renishaw


Subjects
  • Company Update

  • Morning Note

]]> Stephen Swanton RSW.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50734|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[PayPoint "Cold with blue skies ahead" (Buy) Hugh]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50767|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Industrial Services

  • European Industrial Services

  • Global Industrial Services

  • European Industrial

  • European General Industrial Services

  • British Industrial

  • British General Industrial Services

  • Global Industrial

  • Global General Industrial Services

  • European Industrial Goods & Services

  • British Industrial Goods & Services

  • Global Industrial Goods & Services


Companies
  • PAYP.L PayPoint


Subjects
  • Company Update

  • Morning Note

]]> Alex Hugh, CFA PAYP.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50767|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[Xchanging "A deal is done - Initial views" (Buy) Castle]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50772|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Industrial Services

  • European Industrial Services

  • Global Industrial Services

  • European Industrial

  • European General Industrial Services

  • British Industrial

  • British General Industrial Services

  • Global Industrial

  • Global General Industrial Services

  • European Industrial Goods & Services

  • British Industrial Goods & Services

  • Global Industrial Goods & Services


Companies
  • XCH.L Xchanging


Subjects
  • Company Update

  • Morning Note

]]> Jarrod Castle, CFA XCH.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50772|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[Balfour Beatty "Upgrade to Buy on valuation" (Buy) Kuglitsch]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50742|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Heavy Construction

  • British Heavy Construction

  • Global Heavy Construction

  • European Industrial

  • British Industrial

  • Global Industrial

  • European Construction

  • British Construction

  • Global Construction


Companies
  • BALF.L Balfour Beatty


Subjects
  • Change in Recommendation

  • Company Update

  • Morning Note

]]> Gregor Kuglitsch BALF.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50742|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[UK Quarterly "Rate cuts" 06-Oct-2008 Evans]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50741|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Companies
  • AMEC.L Amec

  • BAES.L BAE SYSTEMS

  • BARC.L Barclays

  • BATS.L BAT UK

  • BAY.L British Airways

  • BKG_u.L Berkeley Group

  • BLND.L British Land

  • REX.L Rexam

  • BP.L BP

  • CBRY.L Cadbury

  • DLN.L Derwent London plc

  • GNK.L Greene King

  • GPOR.L Great Portland

  • HAYS.L Hays

  • LAD.L Ladbrokes

  • NEX.L National Express

  • RDSa.L Royal Dutch Shell

  • NXT.L Next

  • PSON.L Pearson

  • RB.L Reckitt Benckiser

  • REL.L Reed Elsevier plc

  • ROR.L Rotork

  • RR.L Rolls-Royce

  • SGE.L Sage

  • SSE.L Scottish & Southern

  • SMIN.L Smiths Group

  • SMWH.L Smith (W.H.)

  • SN.L Smith & Nephew

  • TSCO.L Tesco

  • TW.L Taylor Wimpey

  • ULVR.L Unilever Plc

  • VOD.L Vodafone Group

  • WTB.L Whitbread

  • FGP.L FirstGroup

  • XTA.L Xstrata Plc

  • UBM.L UBM

  • SRP.L Serco

  • AML.L Amlin

  • BG.L BG Group

  • DGE.L Diageo

  • SHP.L Shire Pharmaceutical

  • SAB.L SABMiller

  • GSK.L GlaxoSmithKline

  • MTO.L MITIE Group

  • CPW.L Carphone Warehouse

  • AUTN.L Autonomy

  • EZJ.L easyJet

  • ANTO.L Antofagasta

  • BT.L BT Group

  • WMH.L William Hill

  • MKS.L Marks & Spencer

  • LOG.L Logica

  • KESA.L Kesa

  • ITV.L ITV

  • CGL.L Catlin

  • GFS.L G4S

  • ADML.L Admiral

  • BVIC.L Britvic

  • SCHE.L Southern Cross

  • HOME.L Home Retail Group

  • EXPN.L Experian Group


]]> Gareth Evans AMEC.L BAES.L BARC.L BATS.L BAY.L BKG_u.L BLND.L REX.L BP.L CBRY.L DLN.L GNK.L GPOR.L HAYS.L LAD.L NEX.L RDSa.L NXT.L PSON.L RB.L REL.L ROR.L RR.L SGE.L SSE.L SMIN.L SMWH.L SN.L TSCO.L TW.L ULVR.L VOD.L WTB.L FGP.L XTA.L UBM.L SRP.L AML.L BG.L DGE.L SHP.L SAB.L GSK.L MTO.L CPW.L AUTN.L EZJ.L ANTO.L BT.L WMH.L MKS.L LOG.L KESA.L ITV.L CGL.L GFS.L ADML.L BVIC.L SCHE.L HOME.L EXPN.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50741|native|public|20081006000000 Mon, 6 Oct 2008 <![CDATA[CSR "Lowering PT on revised industry forecasts" (Neutral) Gaudois]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50765|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Semiconductors

  • British Semiconductors

  • Global Semiconductors

  • European Technology

  • British Technology

  • Global Technology


Companies
  • CSR.L CSR


Subjects
  • Company Update

  • Morning Note

]]> Nicolas Gaudois CSR.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50765|native|public|20081005000000 Sun, 5 Oct 2008 <![CDATA[Experian Group "Correction of UBS strategy note" (Neutral) Brandwood]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50759|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Industrial Services

  • European Industrial Services

  • Global Industrial Services

  • European Industrial

  • European General Industrial Services

  • British Industrial

  • British General Industrial Services

  • Global Industrial

  • Global General Industrial Services

  • European Industrial Goods & Services

  • British Industrial Goods & Services

  • Global Industrial Goods & Services


Companies
  • EXPN.L Experian Group


Subjects
  • Company Update

  • Morning Note

]]> Jaime Brandwood, CFA EXPN.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50759|native|public|20081005000000 Sun, 5 Oct 2008 <![CDATA[European Pharmaceuticals "Low refinancing risk; strong free cashflow"]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50692|native|public Regions
  • Switzerland

  • Europe Including UK

  • Europe Ex. UK

  • France

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • Swiss Pharmaceuticals

  • European Pharmaceuticals

  • European Ex. UK Pharmaceuticals

  • French Pharmaceuticals

  • British Pharmaceuticals

  • Global Pharmaceuticals

  • Swiss Healthcare

  • European Healthcare

  • European Ex. UK Healthcare

  • French Healthcare

  • British Healthcare

  • Global Healthcare


Companies
  • UCB.BR UCB

  • BAYG.F Bayer

  • MRCG.DE Merck KGaA

  • NOVN.VX Novartis

  • AZN.L AstraZeneca

  • SASY.PA Sanofi-Aventis

  • GSK.L GlaxoSmithKline


Subjects
  • Industry Overview

  • Morning Note

]]> Gbola Amusa, MD, CFA UCB.BR BAYG.F MRCG.DE NOVN.VX AZN.L SASY.PA GSK.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50692|native|public|20081003000000 Fri, 3 Oct 2008 <![CDATA[Mucklow "Financial strength and dividend appeal" (Neutral) Freeman]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50731|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Real Estate

  • British Real Estate

  • Global Real Estate

  • European Financial

  • British Financial

  • Global Financial

  • European Financial Services

  • British Financial Services

  • Global Financial Services


Companies
  • MKLW.L Mucklow


Subjects
  • Change in Recommendation

  • Company Update

  • Morning Note

]]> Quentin Freeman MKLW.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50731|native|public|20081003000000 Fri, 3 Oct 2008 <![CDATA[First Read: British Airways "Long-haul premium traffic softens" (Buy) Marshall]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50728|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Airlines

  • British Airlines

  • Global Airlines

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Cyclical Goods & Services

  • British Cyclical Goods & Services

  • Global Cyclical Goods & Services


Companies
  • BAY.L British Airways


Subjects
  • Company Update

  • Morning Note

]]> David Pitura BAY.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50728|native|public|20081003000000 Fri, 3 Oct 2008 <![CDATA[First Read: Informa "Management feedback" (Buy) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50724|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Publishing

  • European Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • INF.L Informa


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang INF.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50724|native|public|20081003000000 Fri, 3 Oct 2008 <![CDATA[First Read: Autonomy "Positive preannouncement" (Buy) Briest]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50722|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Software

  • British Software

  • Global Software

  • European Technology

  • British Technology

  • Global Technology


Companies
  • AUTN.L Autonomy


Subjects
  • Company Update

  • Morning Note

]]> Michael Briest AUTN.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50722|native|public|20081003000000 Fri, 3 Oct 2008