STOCKS NEWS UK-Inmarsat rises on strong Q3 earnings

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10:26GMT 09Nov2009-Inmarsat rises on strong Q3 earnings

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Shares in Inmarsat (ISA.L) soar as much as 6.6 percent to a four-year high, after the satellite communications firm posts better-than-expected earnings for the third quarter, driven by strong demand for broadband services on ships.

"Q3 results are excellent, with core revenues up 8.7 percent year-on-year and EBITDA a frankly astonishing 9.3 percent higher than consensus," says Investec analyst Jonathan Groocock, who expects to raise his group bottom-line forecast by about 10 percent.