UK stocks : FTSE 100 closes down 0.1 pct
Agencies: London, Dec 01 2012, 02:51 IST
on Thursday, down 0.4 percent as UBS cut its rating to "neutral" from "buy".
But positive broker comment fuelled gains in testing firm
Intertek, up 1.0 percent after Berenberg raised its rating to "buy" from "hold" in a UK support services review.
Outsourcing firms Babcock and Capita were also in demand, ahead 1.2 percent and 0.3 percent respectively, as Berenberg started coverage on both with "buy" ratings.
"Things are still looking quite optimistic and we are expecting a continuation of the trend seen in the past few weeks, leading to a festive rally," Capital Spreads' Campbell said.
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