STOCKS NEWS EUROPE-Maurel & Prom shares jump 12 pct

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16:12GMT 26March2009-Maurel & Prom shares jump 12 pct

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Shares in oil explorer Maurel & Prom (MAUP.PA) jump over 12 percent. A market source says that dealers at Deutsche Bank (DBKGn.DE) encouraged clients to buy the stock. Deutsche declines immediate comment.

An analyst at another bank says the stock could also be supported by Premier Oil's (PMO.L) plan to buy the North Sea unit of Canada's Oilexco OIL.TO, announced on Wednesday, which boosted speculation of consolidation in the sector.

A dealer reported rumours of Maurel et Prom making presentations to investors in London but a spokeswoman said the company had not made any presentations or conducted a roadshow.

Maurel & Prom shares outperform a 0.81 percent drop in the DJ Stoxx European oil and gas sector index .SXEP.

Reuters Messaging rm://tom.bergin.reuters.com@reuters.net

16:03GMT 26March2009-Capital Pub rallies after update, acquisition

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Shares in Capital Pub Company CPUB.L jump over 14 percent after the pubs group says trading has held up well, with year results seen in line with management's expectations, and announces the acquisition of 'The Bishop' pub in East Dulwich.

Following the update, Altium Securities says it feels confident that its forecasts for 2009 will be met, and that the 5.3 percent profit growth implied by these forecasts is an "admirable achievement".

For the year to March 2010, the broker lifts its earnings per share forecast to 7.8 pence from 7.3 pence, and for the year to March 2011 to 8.3 pence from 7.8 pence, while upgrading its trading recommendation to "buy" from "neutral".

"The company has acquired a leasehold pub and whilst this does not fit the freehold model of Capital Pub Company, we feel it is a good example of an earnings accretive acquisition taking advantage of distressed prices," Altium says in a note, keeping its core "buy" rating. For more double click on [ID:nRnsZ4968P]

Reuters Messaging rm://tricia.wright.reuters.com@reuters.net

15:25GMT 26March2009-Flurry of U.S. macro data eyed on Friday

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MAJOR MACROECONOMIC DATA: (GMT)

0700 DE Import prc Jan

0930 GB GDP F Q4

1000 EZ Ind N ords Jan

1230 US Consumpn Feb

1230 US Core PCE Feb

1230 US PCE index Feb

1230 US Personal income Feb

1355 US Michigan fina Mar

MAJOR EUROPEAN COMPANIES REPORTING:

Q4 Hellenic Telecommunications (OTEr.AT)

Full Year Banca Carige SpA (CRGI.MI)

MAJOR U.S. COMPANIES REPORTING:

Q1 KB Home (KBH.N)

Reuters Messaging rm://blaise.robinson.reuters.com@reuters.net

14:36GMT 26Mar2009-Swiss Re underperforms on rating disappointment

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Shares in Swiss Re RUKN.VX fall 4.1 percent to 18.81 Swiss francs, underperforming a 0.2 percent weaker DJ Stoxx European insurance index, as Goldman Sachs says it prefers competitor Munich Re (MUVGn.DE), which trades flat at 95.78 euros.

"Goldman Sachs took Munich Re onto its Pan-Europe Conviction Buy List, while Swiss Re only got a neutral rating," a trader says.

"Some people are locking in short-term profits," a second trader says, noting Swiss Re stock had bounced back from a record low of 11.88 francs on Mar. 9.

Reuters Messaging rm://jason.rhodes.reuters.com@reuters.net