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1413 14Oct2009 - CME falls to month low on earnings outlook --------------------------------------------------------------
Central European Media Enterprises (CME) <
> <CETV.O> falls to a one-month low after the group's chief executive says full-year earnings will miss analysts' estimates.CEO Adrian Sarbu also told Bloomberg that TV advertising spending is expected to drop 20-30 percent in CME's markets.
CME did not provide full-year forecasts, but is set to unveil its 2009 guidance on Thursday at a meeting with investors.
According to estimates compiled by Reuters, analysts expect CME to see its revenue drop by a fourth to $757 million this year, with EBITDA, or earnings before interest, tax, depreciation and amortisation, 50 percent down at $147 million.
Shares in the broadcaster drop more than 12 percent to around 504 crowns in Prague.
rm://jason.hovet.thomsonreuters.com@reuters.net
1254 14Oct2009 - Foreign investors snap up Polish blue chips --------------------------------------------------------------
Shares in Bank Pekao <BAPE.WA> jump 6.7 percent to their one-year high and other finacials also power ahead thanks to mainly foreign buying on the back of upbeat results by JPMorgan <JPM.N>.
Poland's top lender PKO BP <PKOB.WA> gains 3.2 percent and BRE Bank <BREP.WA> is up 2.6 percent. Another Polish blue chip, telecoms group TPSA <TPSA.WA>, rises 3.9 percent.
"Pekao is reaching new record levels after both the treasury ministry and (airline) LOT sold off their stakes, eliminating a share overhang," said Lukasz Wydra, trader at UniCredit in Warsaw.
Warsaw's main WIG20 index <
> rises 3.1 percent two reach levels unseen in a fortnight.rm://chris.borowski.thomsonreuters.com@reuters.net
0823 14Oct2009 - KGHM gains from rising copper --------------------------------------------------------------
Shares in Europe's No.2 copper miner KGHM <KGHM.WA> grow 2.2 percent thanks to rising copper prices, also helping to keep Warsaw's main WIG20 index <
> in the positive territory.London copper futures rallied nearly 2 percent on Wednesday, boosted by a weaker dollar and a surprise surge in Chinese copper imports in September. [
]rm://adrian.krajewski.thomsonreuters.com@reuters.net