Also on the High Street, Matalan rose 18p to 434p supported by a 'buy' recommendation from broker UBS Warburg. But Warburg has cut its target price from 650p to 550p. On Friday, the shares were hit by the unexpected departure of chief executive Angus Monro. News of a downgrade by US securities house Goldman Sachs from 'market outperformer' to 'market performer' left BAT 7p off at 560p ahead of the interim results on Wednesday. Intermediate Capital put on 12p to 773p, helped by news of 'buy' advice from broker Dresdner Kleinwort Wasserstein.
Brokers say worries about a possible rescue rights issue appear to be receding.
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