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0815 GMT 08July2008 - Agora recovers after recent slide
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Polish media group Agora recovers 2.5 percent after a newspaper reports it
plans to take over news channel Superstacja.
Daily Rzeczpospolita cited unnamed sources as saying Agora first wants to
buy a minority stake in Superstacja and already completed due diligence in the
niche channel, planning to secure a foothold on the local TV market.
Agora dropped nearly 20 percent in the last two weeks ahead of the
appearance of new employee shares on the Warsaw bourse on Friday.
Reuters Messaging rm://adrian.krajewski.reuters.com@reuters.net
0810 GMT 08July2008 - PGNiG gains from lower gas prices
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Polish gas monopoly PGNiG <PGNI.WA> surges by 4.5 percent as it benefits
from lower prices of imported gas, which fall hand in hand with oil prices.
"It's all about oil," said Sebastian Siejko, trader at UniCredit in Warsaw.
"Oil prices are down and gas import prices are linked with the price of oil."
Weaker oil prices also boosted refiners PKN Orlen <PKNA.WA> and Lotos
<LTOS.WA>, which are up 2.5 and 3.3 percent. Companies buy nearly all of the
crude they refine.
Reuters Messaging rm://adrian.krajewski.reuters.com@reuters.net
0805 GMT 08July2008 - NWR continues retreat on lower coal prices
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Czech coal miner New World Resources (NWR) <NWRSsp.PR> <NWRS.L> falls more
than 4 percent in early trade, nearing levels last seen following its May public
offering after a drop in commodity prices.
The stock underperforms a rising Prague market but gains back some early
losses to trade 1.8 percent lower at 450 crowns, while the main PX index rises
1.69 percent.
NWR shares closely track coal prices, and now trade close to their closing
level of 445 crowns on May 6, when the miner first listed in London and Prague.
The stock had traded as much as 40 percent above its May 6 close in mid-June.
Reuters Messaging rm://jason.hovet.reuters.com@reuters.net
0800 GMT 08July2008 - OTP jumps on plans to withdraw from some markets
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Hungarian bank OTP <OTPB.BU> jumps 4.3 percent in early session and is among
the region's best performing large caps as investors continue to cheer its plans
revealed in an interview with Reuters to withdraw from some underperforming
countries, such as Slovakia and Serbia.
"We view this news positively. After a growth phase via acquisitions, the
bank is now taking a new approach in eliminating ineffective units from the OTP
group," writes KBC brokerage.
For the Reuters interview double click on []
Reuters Messaging rm://balazs.koranyi.reuters.com@reuters.net
