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Top of the Street: UK real estate, European utilities, Covestro, SEB

BUZZ-Top of the Street: UK real estate, European utilities, Covestro, SEB A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank raises three UK real estate companies to "buy" from "hold" citing cautious optimism as Britain moves into a rate cutting cycle ** It upgrades LondonMetric Property LMPL.L as its "roll up & recycle" model continues to plough on, and ups British Land BLND.L and Landsec LAND.L on improving office and retail fundamentals **
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DB resumes coverage of European utilities with neutral sector view

BUZZ-DB resumes coverage of European utilities with neutral sector view ** Deutsche Bank says a recovery in European utility stocks has narrowed their 15% underperformance vs wider market to just 2%, leaving the broker neutral on the sector ** "The rally and modest earnings upgrades means that the sector is again closer to its long-run norm: P/E pa
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UK's Pennon says water conservation campaign weighs on customer demand

UPDATE 1-UK's Pennon says water conservation campaign weighs on customer demand Recasts paragraph 1 and headline, adds details throughout Sept 26 (Reuters) - British utility Pennon PNN.L said on Thursday lower water consumption due to its water conservation campaign weighed on its first-half revenue, and also forecast subdued demand to persist in its South West Water division.
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UK Stocks-Factors to watch on Sept 26

UPDATE 1-UK Stocks-Factors to watch on Sept 26 Adds news items, updates futures Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.7%. * SCHRODERS: UK fund manager Schroders SDR.L said it had appointed a new finance chief and elevated its group investment chief to its board, the latest appointments as it seeks to reboot its performance.
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British water company Pennon says lower demand hurts half-year revenue

British water company Pennon says lower demand hurts half-year revenue Sept 26 (Reuters) - British water company Pennon PNN.L said on Thursday lower customer demand hurt its first-half revenue and also flagged the situation to persist for its South West Water unit, offsetting an increase in water bills and its customer base. The Exeter-based company said contamination incidents at Brixham town had cost the group about 16 million pounds ($21.36 million).
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