STOCKS NEWS UK-IMI jumps on earnings upgrade

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08:45GMT 09Nov2009-IMI jumps on earnings upgrade

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IMI (IMI.L) shares jump 11 percent to a 14-month high of 510 pence after the British manufacturer says it will beat 2009 earnings expectations, boosting by switching more production to cheaper economies and lower metal prices.

Citi analysts raise their 2009 earnings per share forecast by 10 percent to 41.6 pence, not including a one-off pension gain of 2 pence.